Sustainability Report 2015
Sustainbility management
At Hannover Re responsibility for the topic of sustainability rests with the entire Executive Board. The Environmental Management Officer, the Compliance Officer and a member of staff entrusted with the corporate governance function report on a regular basis to the Executive Board. In addition, the sustainable value creation of Hannover Re is further ensured by a comprehensive risk management system with appropriately established reporting structures.
In its business operations Hannover Re is guided by voluntary and binding guidelines such as those contained in our Code of Conduct, which was revised in the year under review and is applicable Group-wide. We take our lead from the guidelines of the International Labour Organization (ILO) and the principles of the United Nations Global Compact, most importantly with respect to the observance of human rights and in the management of our investments. By requiring our suppliers to comply with our Code of Conduct for Suppliers, we are seeking to promote sustainability throughout our entire value creation process.
The CSR competence team takes responsibility for preparing Hannover Re's strategic orientation in matters of sustainability and for defining appropriate operational measures. Based at the Hannover location], it is composed of representatives of various specialist departments. The members come together as a whole for the annual strategy review and they also meet in various constellations on a case-by-case basis depending on the tasks to be dealt with. Each member has committed to advancing the goals of the Sustainability Strategy within his or her specialist area.
In accordance with our holistic management system of Performance Excellence 2.0, each organisational unit of the Hannover Re Group defines its own contribution to the Group Strategy with the aid of the internal Strategy Guide and the Strategy Cockpit tool. The most important working document used by all organisational units for the compilation of strategy contributions is the Strategy Guide. The Strategy Guide sets out in detail the goals that are pursued by the Hannover Re Group and the contributions that organisational units are expected to make to individual goals and in which areas of topical emphasis. The sustainability goals and measures of the Hannover Re Group are also embedded in this document. In this way, we ensure that all initiatives and activities within Hannover Re are rigorously linked to the Group Strategy and Sustainability Strategy and that strategic innovations cascade further to reach all actors. Documentation of the strategy contributions and regular implementation controlling are carried out by the organisational units in the Strategy Cockpit. Corresponding reporting to the Executive Board is carried out on a regular basis by the responsible department.
