Corporate Responsibility

Corporate Responsibility 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.

Low angle view of vertical garden-BioWall or living wall is a wall covered with living plants on high rise residential building, Sydney Australia, full frame horizontal composition

Corporate Responsibility at Munich Re

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).

Business People in Meeting Looking at Plans and Model of Windmill

Corporate Responsibility

Employees

Wind turbine in field of spring dandelions

Corporate Responsibility

Environment

Women and men work in the textile factory 'One Composite Mills' in Gazipur, a suburb of Dhaka, Bangladesh, 03 January 2014. They make products for German mail-order company Klingel, sports articles producer Uhlsport (Kempa), Toys'R'Us, Desigual and Paul R. Smith - 500,000 pieces per month. Photo: Doreen Fiedler/dpa

Corporate Responsibility

Human Rights

Corporate Responsibility