Sustainability Report 2015
Advocacy groups and memberships
Together with its stakeholders, Hannover Re takes part in numerous initiatives on sustainability issues. Contributing our specialist expertise, we get involved in the work of associations and societies, advocacy groups and organisations and we support the discourse about sustainability in society.
In the context of the "Climate Alliance Hannover 2020", a joint project of the state capital and Greater Hannover region, Hannover Re has undertaken to emit 40% less harmful greenhouse gases by 2020 than in the base year of 1990. Hannover Re's emissions have been regularly checked every two years since 2011.
Under the "Climate Alliance" Hannover Re additionally participates in the Business Strategy Group of the "Master Plan 2050 for the City and Region of Hannover, 100% for Climate Protection".
Since 2007 Hannover Re has also taken part in the "Ecological Project for Integrated Environmental Technology" (Ecoprofit) of the Greater Hannover region. The underlying idea of the project is the connection between economic gain and ecological benefit through preventive environmental protection. The participating companies are regularly involved in work on specific topics such as "Ecoprofit in the Urban Development Process" and "Current Changes in Energy Management". The energy-saving successes already achieved are regularly publicised in the relevant project publications.
On the international level the Chief Executive Officer of Hannover Re is a signatory to the Geneva Association's "Climate Risk Statement". In May 2014 Hannover Re's CEO – together with the Chief Executives of a further 65 of the world's leading insurance undertakings – reaffirmed his support for this declaration, which had originally been made in 2009. The guiding principles set out therein describe how the insurance industry will play its part in global efforts to tackle climate-related risks. These include activities in the areas of product innovation, climate research and investment. Hannover Re is additionally represented on the "Extreme Events + Climate Risk Working Group" of the Geneva Association.
The design of our investment policy is guided primarily by the ten principles of the United Nations Global Compact. We work towards safeguarding decent working conditions in our supply chain. Our Code of Conduct for Suppliers requires respect for human rights and compliance with the core labour standards of the International Labour Organisation (ILO).
International memberships
Hannover Re is a member of numerous national, regional and global associations, interest groups and organisations. Employees of the Hannover Re Group participate in working groups on various topics and contribute their specialist expertise to relevant discussions.
The following list shows a selection of the most significant bodies to which the company belongs:
- American Council of Life Insurers (www.acli.com)
- Chief Risk Officer Forum (www.thecroforum.org)
- German Insurance Association (www.gdv.de)
- Geneva Association (www.genevaassociation.org)
- Global Earthquake Model (www.globalquakemodel.org)
- Global Reinsurance Forum (www.grf.info)
- International Actuarial Association (www.actuaries.org)
- International Insurance Society (www.internationalinsurance.org)
- International Underwriting Association of London (www.iua.co.uk))
- Reinsurance Advisory Board des Verbandes Insurance Europe (www.insuranceeurope.eu)
- South African Insurance Association (www.saia.co.za)