The sustainability strategy of the Hannover Re Group
Sustainability at Hannover Re
The sustainability strategy of the Hannover Re Group
Profit and value creation are indispensable prerequisites for sustainable development in the interests of our clients, shareholders, staff and business partners. As a leading player in the reinsurance industry, our commercial success is crucially dependent on the correct assessment and evaluation of present and emerging risks. Sustainability therefore not only forms an important part of how we see our business in general, it also has a direct bearing on our operational activities. Our goal is to achieve economic success in conformity with legal regulations and in light of the needs of our clients, staff and the company, while also giving due consideration to conservation of the environment. In so doing, our premises of financing growth through self-generated profits and avoiding imbalances that could necessitate capital measures continue to apply unchanged. Our operations are thus guided primarily by profitability considerations and we concentrate on attractive segments of reinsurance business.
With this in mind, in September 2011 we drew up a Sustainability Strategy for Hannover Re in which we explicitly commit to our strategic objective of sustainable value creation. This Sustainability Strategy is based on good and sustainable implementation of all compliance requirements and fleshes out in more concrete terms relevant aspects of the higher-level corporate strategy of the Hannover Re Group. For us, sustainability encompasses the following five action fields:
- Governance and dialogue
- Product responsibility
- Successful employees
- Procurement and environmental protection
- Social commitment