Sustainable approach to our business
The focus of our sustainability efforts lies on our business – which involves the assumption and diversification of risks in primary insurance and reinsurance as well as investment. We know that we can only achieve long-term economic success through responsible action, which is why the objective of sustainable economic value creation is anchored in the core principles of our corporate strategy.
The fact that we have signed the Principles for Sustainable Insurance (PSI), the Principles for Responsible Investment (PRI) and, in 2020, joined the Net-Zero Asset Owner Alliance (NZAOA) highlights our commitment to responsible action.
Our actions are guided by the key topics we have identified in our materiality analysis for reinsurance, primary insurance and investment. In addition to committing to a strong client focus and the integration of ESG aspects into our business, we attach importance to offering responsible products, services, and sustainable investment. We place a special focus on climate change and the related risk management approach and report based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Furthermore, we acknowledge the intrinsic link between climate change and biodiversity, as is reflected by our joining the Taskforce on Nature-related Financial Disclosures (TNFD) as a forum member in 2022.