Corporate Responsibility

Corporate Responsibility Report 2019

Download CR Report 2019

About Corporate Responsibility at Munich Re

Munich Re adopts a forward-looking, prudent and responsible approach to handling risks. For over 135 years, Munich Re has created long-term value by assuming a diverse range of risks around the world. We are convinced that this business concept will continue to be successful in the future through sustainable action. Responsible corporate governance that reconciles economic, environmental and social requirements forms the basis to this approach. 

 

Creating value with global responsibility

Our shared value approach aims to achieve added value for society as well as for our Group. We address social challenges, making the best use of our strengths and abilities and sharing knowledge with our stakeholders. Our risk expertise thus allows us to develop new perspectives and sustainable solutions. 

The strategic focus is on four fields of action:

We proactively consider environmental, social and responsible corporate governance (ESG) aspects along the entire value chain in our core business activities.
As an employer, we attach the greatest importance to treating our staff in a responsible and respectful way. We create attractive framework conditions to promote their personal and professional development.
We practise active environmental management at our sites, and are carbon-neutral Group-wide.
From a sense of social responsibility, we support a large number of initiatives and projects that are close to our core business and promote social cohesion.

Voluntary commitments

Voluntary commitments such as the UN Global Compact (UNGC), the Principles for Responsible Investment (PRI) and the Principles for Sustainable Insurance (PSI) of the UNEP FI represent a key element of our CR strategy. Through our risk expertise, our sustainable solutions and our actions as a responsible employer, we are contributing in particular to the achievement of the following seven UN Sustainable Development Goals (SDGs).