The United Nations unveils Principles for Responsible Investment at the New York Stock Exchange

Munich Re among the original signatories and the first German company to sign up

2006/04/27

Reinsurance

The Principles for Responsible Investment, unveiled today, are intended to provide institutional investors with guidelines for considering social and ecological criteria in their investments. They include observing such criteria in investment decisions, promoting sustainable investment approaches in the financial sector, and regularly reporting on implementation. At the invitation of Kofi Annan, United Nations Secretary-General, Munich Re participated in the development of the principles. Given its extensive experience, Munich Re was represented in both the Expert Group and the Investor Group.

Dr. Heiner Hasford, member of Munich Re's Board of Management responsible for investments, said: "Signing up to the Principles for Responsible Investment is the logical continuation of our commitment in this area. Five years ago, Munich Re adopted a set of sustainability criteria for the acquisition of shareholdings. The following year, we extended this approach generally to all investments in equities and corporate bonds."

Since 2003, the Munich Re Group-s asset manager, MEAG, has offered institutional and private investors an investment option along these lines with the "MEAG Nachhaltigkeit" fund.

The fact that Munich Re's own shares are recognised as a sustainable investment is reflected by their listing in all the important European sustainability indexes, like the Dow Jones Sustainability Index (DJSI) and the FTSE4GOOD.

Munich Re will provide regular information on implementation of the Principles for Responsible Investment in its sustainability reporting.

The Munich Re Group operates worldwide, turning risk into value. In the business year 2005, it achieved a profit of €2,743m, the highest in its 126-year corporate history. In 2005, its premium income amounted to approximately €38bn and its investments to around €177bn. The Group is characterised by particularly pronounced diversification. It has approximately 38,000 employees in 60 countries throughout the world and operates in all lines of insurance. It is one of the world's leading reinsurers and, through the ERGO Insurance Group, the second-largest provider in the German primary insurance market and a leading player on several other European insurance markets.

Munich Re has over 140,000 shareholders throughout the world.

Disclaimer
This media information contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

Further Information

For media inquiries please contact:
Dr. Stefan Peschel
Phone
+49 (89) 38 91-29 34
Irmgard Joas
Irmgard Joas
Spokesperson
Phone
+49 89 3891-6188
E-Mail
ijoas@munichre.com
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