Sustainability Strategy of Hannover Re Group
“Creating value through reinsurance” is the vision of the Group Strategy for 2018–2020September 06th, 2018
For Hannover Re, one of the largest reinsurance groups in the world, which transacts all lines of property, casualty, life and health reinsurance, sustainability means a commitment to responsible and transparent corporate governance geared to lasting success.
In the strategy cycle, 2015–2017 Hannover Re Group defined four strategic action fields for the Sustainability Strategy: Governance and Dialogue, Product Responsibility Employees, Environment and Society. These action fields remain relevant to the strategy cycle 2018–2020.
The Group's reinsurance products and services are geared to the needs of the market and clients, with whom Hannover Re engages in an ongoing dialogue. The company attaches special importance to protection against risks resulting from climate change as well as to insurance coverage for socially vulnerable groups.
In the interests of its clients and shareholders, Hannover Re's investment strategy strives to generate a return that is commensurate with the risks. In this regard, the company emphasizes the responsible management of its investments by consciously incorporating ESG criteria into its investment policy.
Hannover Re's employees are a crucial factor in the company's success. With a view to safeguarding the sustainable development of its business and preserving the company's high quality standards, Hannover Re focuses on the professional and personal growth of its staff, protecting physical and mental well-being. At the same time, the company promotes diversity and equal opportunities in the workplace and enables its employees to maintain a healthy work/life balance.
Hannover Re takes responsibility for the environment and the social sphere in which it operates. The focus of its environmental conservation efforts is on reducing CO2 emissions through the sustainable supply of energy and heat to its premises, the use of environmentally friendly travel options and the economical consumption of resources in its working practice.
Hannover Re's social involvement extends beyond its location in Germany to include the Group's subsidiaries and branches, which conduct their own projects targeting social concerns in the individual countries. In terms of content, efforts are concentrated on supporting the areas of research, learning, art and culture as well as on fostering the voluntary social engagement of staff.