Integrity in dealings with our business partners, shareholders and the public at large is practised by Hannover Re as a matter of course. It is for this reason that both our strategic planning and our day-to-day business are always conducted on the basis of the highest ethical and legal standards. Our revised Code of Conduct, which was adopted by the Executive Board in August 2015, sets out internal rules of conduct that are applicable worldwide. Our Code of Conduct for Suppliers similarly requires our suppliers and subcontractors to comply with sustainability criteria.
Ensuring confidentiality, data privacy and data security is of the utmost importance to Hannover Re. The most significant rules in this regard are set out with binding effect for all members of staff in our Code of Conduct and in our information security and data privacy policies. Furthermore, our structures ensure that customer-related data is handled in conformity with the German Federal Data Protection Act (BDSG).
In addition, with the planned implementation of a "Tax Compliance System" and a review of all relevant task areas and responsibilities we shall ensure that going forward, as in the past, Hannover Re pays its taxes is accordance with national statutory provisions.
Hannover Re has enshrined the observance of sanctions that may be relevant to the company in its Code of Conduct and Underwriting Guidelines. Furthermore, a Sanctions Screening Guideline, training activities for new staff, a compliance management system for sanctions and verification software facilitate the early identification and hence avoidance of any sanction violations.
Since June 2012 our DIN EN ISO 14001-certified environmental management system has been in place to protect the environment. During the current financial year we are also transitioning to the more comprehensive EMAS tool (Eco-Management and Audit Scheme). In the future, we intend to publish an annual EMAS environmental statement.
As far as our commitment to society is concerned, an internal national and international Donations Policy ensures that our social engagement primarily benefits the common good.