Munich Re updates information in the Corporate Responsibility Portal 2014/15

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Corporate Responsibility News

8 July 2015

Munich Re updates information in the Corporate Responsibility Portal 2014/15

Corporate responsibility is an essential component of our Group strategy and a standard that applies throughout all business units. On the newly updated Corporate Responsibility Portal Munich Re transparently and comprehensively reports on goals, measures and activities.

The objective of sustainable economic added value is anchored in the core principles of our corporate strategy. We can only achieve this objective if our products and services make equal allowance for economic, ecological and social requirements.

Thomas Bischof, Head of Group Development summarizes our approach of Corporate Responsibility in our core business as follows: “Our goal is to take on global challenges and use our knowledge, our experience and creativity to create innovative and sustainable solutions.”

As before, Munich Re strives to keep realising ecological improvements in our own operations, for example the entire group will be carbon-neutral by the end of 2015.

Furthermore, Munich Re’s social commitment is focused on core business activities. In the future, we will be supporting additional projects where we can both actively contribute and expand our risk expertise. By doing so, we hope to achieve a higher degree of efficiency for the projects, while generating valuable ideas for our employees, along with positive feedback for the business.

In the Group's Corporate Responsibility Portal you can find a complete and up-to-date description of our corporate responsibility goals and the progress that is being made within the Group. It also includes the progress reports for the United Nations Global Compact (UNGC) and for the Principles for Responsible Investment (PRI) and Principles for Sustainable Insurance (PSI) initiatives, which Munich Re is also a member of.

Munich Re wants to do even more to respond to the increased demands from external stakeholders on transparency and continuous reporting. To this end, selected aspects and data from the field of corporate responsibility have already been included in the latest consolidated report, beyond the extent required by law.

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