Governance and Dialogue

As an internationally operating company, Hannover Re bears responsibility in various senses. This is true of its compliance with relevant laws and regulations, but also applies to its relationship with staff, shareholders, the public at large and the cultures within which the company operates. Hannover Re publishes an annual Declaration of Conformity with the German Corporate Governance Code (DCKG) in this regard. Compliance with our high ethical and legal standards is also enshrined in our Code of Conduct, which we updated in 2015.

In accordance with applicable company law, the two-tier governance structure of Hannover Re – the management of business by the Executive Board and the provision of oversight and advice by the Supervisory Board – contributes to responsible corporate governance.

Our compliance structures support adherence to laws and directives, e.g. governing respect for human rights, prevention of corruption, observance of sanctions and protection of customer data. Regular training and communication activities keep Hannover Re staff informed about relevant regulations.

Hannover Re's proven risk management contributes to the long-term success of our company. It encompasses the early detection, assessment and examination of risks associated with not only financial matters but also non-financial issues, such as climate change. Through established structures and responsibilities we ensure the correct evaluation of the risks that we enter into.

Given that the trust of our stakeholder groups and an immaculate reputation support the success of our company, we also make every effort to cultivate an active dialogue with representatives of the capital market and society as a whole as well as with our clients and staff. In the present Sustainability Report 2015 we are again reporting on our achievements as a responsible enterprise. In so doing we follow the currently applicable and internationally recognised guidelines of the Global Reporting Initiative (GRI). That our sustainability communication also fulfils the transparency requirements of ESG rating agencies is reflected in a favourable rating: in 2015 Hannover Re’s sustainability performance was again evaluated by the rating agency Oekom Research; our company was awarded "Prime" status in recognition of its above-average fulfilment of industry-specific requirements. In addition, in June 2015 Hannover Re received confirmation of its inclusion in the worldwide FTSE4Good Index Series from the FTSE Environmental, Social and Governance Advisory Committee.

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