SOCIAL RESPONSIBILITY OF INSURANCE COMPANIES

Size: px
Start display at page:

Download "SOCIAL RESPONSIBILITY OF INSURANCE COMPANIES"

Transcription

1 SOCIAL RESPONSIBILITY OF INSURANCE COMPANIES 31st May 2012 Stefan Emberger Agenda Changes in the corporate environment Our response: Responsibility at Munich Re 2

2 Agenda Changes in the corporate environment Our response: Responsibility at Munich Re 3 Changes in the corporate environment Munich Re's stakeholders and their interests - requesting more than shareholder value Social Analysts, rating agencies Employees Clients Innovation Energy efficiency Non-governmental organisations (NGOs) Media/Press Yield/ Share price Environment Trade unions Investments Human rights Society Diversity Anticorruption Politics/ Authorities Science Compliance Shareholders/ Investors Working conditions International organizations Environmental protection Stakeholders Stakeholder interests 4

3 Changes in the corporate environment Munich Re's stakeholders and their interests - requesting more than shareholder value Social Analysts, rating agencies Employees Clients Innovation Energy efficiency Non-governmental organisations (NGOs) Media/Press Yield/ Share price Environment Trade unions Investments Human rights Society Diversity Anticorruption Politics/ Authorities Science Compliance Shareholders/ Investors Working conditions International organizations Environmental protection Stakeholders Stakeholder interests 5 Changes in the corporate environment Munich Re's stakeholders and their interests - requesting more than shareholder value Social Analysts, rating agencies Employees Clients Innovation Energy efficiency Non-governmental organisations (NGOs) Media/Press Yield/ Share price Environment Trade unions Investments Human rights Society Diversity Anticorruption Politics/ Authorities Science Compliance Shareholders/ Investors Working conditions International organizations Environmental protection Stakeholders Stakeholder interests 6

4 Changes in the corporate environment Munich Re's stakeholders and their interests - requesting more than shareholder value Social Analysts, rating agencies Employees Clients Innovation Energy efficiency Non-governmental organisations (NGOs) Media/Press Yield/ Share price Environment Trade unions Investments Human rights Society Diversity Anticorruption Politics/ Authorities Science Compliance Shareholders/ Investors Working conditions International organizations Environmental protection Stakeholders Stakeholder interests 7 Agenda Changes in the corporate environment Our response: Responsibility at Munich Re 8

5 Our response: Responsibility at Munich Re Action fields and their expected impact Strategy & We would like to contribute to the... Responsibility into Business Environmental Management System Reporting & Communication Citizenship increase in reputation and attractiveness for all stakeholders potential early identification of business risks and opportunities educated decisions on global risks and problems strengthening share price 9 Our response: Responsibility at Munich Re Action fields and their expected impact Strategy & We would like to contribute to the... Responsibility into Business Environmental Management System Reporting & Communication Citizenship increase in reputation and attractiveness for all stakeholders potential early identification of business risks and opportunities educated decisions on global risks and problems strengthening share price 10

6 Our response: Responsibility into business International cooperations of Munich Re a strong commitment towards corporate responsibility Examples since 1999 since 2006 since 2007 since 2007 UNEP-FI Munich Re has signed the UNEPFI climate declaration and is active member of the UNEPFI Climate Change Working Group to establish ESG (Environmental, Social, in our core business. Objective: Principles for Sustainable Insurance Principles for Responsible Investment (PRI) Munich Re has actively developed and signed the UN Principles for Responsible Investment (PRI) as first German company in April By January 2011, PRI has 872 signatories. By January 2011 Chair of PRI. UN Global Compact Munich Re is member of the UN Global Compact since August The ten principles of Global Compact are a guidance for action in our business and set the basis for our Responsibility activities. Principles for Sustainable Insurance (PSI) Since September 2010 Munich Re holds the chair in the Insurance Commission with the aim to anchor ESG criteria into business and business operations. 11 Our response: Responsibility into business Added value through innovation: Product solutions for global challenges Our contribution to sustainable development Reinsurance Primary insurance Asset management/ Investment Climate change New coverage concepts in the area of renewable energy Globe of Natural Hazards NatCatSERVICE The "Agro System" Health Managed care and prevention Life insurance Unit-linked life insurance with investment in SRI products Motor insurance 10% premium rebate for environmentally friendly cars Microinsurance Insurance solutions for natural hazards in Asia SRI funds MEAG climate strategy MEAG sustainability equity fund MEAG fair return fund Desertec CO2-free power generation in North Africa RENT Renewable Energies and New Technologies: investments of 2.5bn planned 12

7 Our response: Responsibility at Munich Re Action fields and their expected impact Strategy & We would like to contribute to the... Responsibility into Business Environmental Management System Reporting & Communication Citizenship increase in reputation and attractiveness for all stakeholders potential early identification of business risks and opportunities educated decisions on global risks and problems strengthening share price 13 Our response: Environmental Management System CO 2 reduction and economic value through efficiency and controlling Building CO 2 reduction and neutrality on environmental management Thousand t 70 MR IO MRM Environmental management system with 20% of sites certified Energy efficiency in buildings and IT: e.g. MRAmerica, MEAG, MRM. Energy from renewables: e.g. Munich and Milan CO 2 Neutralization: Purchasing CO 2 certificates Achieving CO 2 neutrality Munich Re (Munich) CO 2 -neutral since 2009 Munich Re Group (global) CO 2 -neutral by

8 Our response: Responsibility at Munich Re Action fields and their expected impact Strategy & We would like to contribute to the... Responsibility into Business Environmental Management System Reporting & Communication Citizenship increase in reputation and attractiveness for all stakeholders potential early identification of business risks and opportunities educated decisions on global risks and problems strengthening share price 15 Our response: Citizenship Citizenship is one of the pillars of CR at Munich Re Citizenship (CC) is understood to encompass all the voluntary activities which a company undertakes to benefit its host society. These activities may be of a social, ecological or cultural nature. Involvement in civil affairs is one aspect of corporate responsibility and circumscribes the company s external involvement. CC measures include not only donations, sponsoring and memberships in organisations, but also corporate foundations, corporate volunteering and public-private partnerships. Donations Sponsoring Memberships 16

9 Our response: Responsibility at Munich Re External confirmation of the success of corporate responsibility management over the last decade Note "Prime" CR rating in 2010; Munich Re is listed among the "best in class" * Among the 50 companies that make substantial and pioneering contributions towards meeting great global challenges* Listed since October Among the 100 companies worldwide with the greatest commitment to climate protection Rating 2010: in the insurance sector, ranked 4 among 108 * Listing of Munich Re in the Global Challenges Index has been cancelled in Our response: Responsibility at Munich Re... but listings are closely monitored, their granting is sensitive and not a given... Note "Prime" CR rating in 2010; Munich Re is listed among the "best in class" * Among the 50 companies that make substantial and pioneering contributions towards meeting great global challenges* Listed since October Among the 100 companies worldwide with the greatest commitment to climate protection Rating 2010: in the insurance sector, ranked 4 among 108 * Listing of Munich Re in the Global Challenges Index has been cancelled in

10 Our response: Responsibility at Munich Re Current listing and external confirmation of the success of corporate responsibility management Note "Prime" CR rating in 2010; Munich Re is listed among the "best in class" Listed since October Among the 100 companies worldwide with the greatest commitment to climate protection Rating 2010: in the insurance sector, ranked 4 among Our response: Responsibility at Munich Re Continuous and transparent reporting on Group-wide Responsibility activities 20

11 THANK YOU VERY MUCH FOR YOUR ATTENTION!

Sustainable Development and the Insurance Industry

Sustainable Development and the Insurance Industry Sustainable Development and the Insurance Industry Presentation at the Sustainable Finance Forum Turkey, 16 May 2014 Dr. Astrid Zwick, Head Corporate Responsibility, Munich Re Group Contents Relevance

More information

Corporate responsibility in (re)insurance business. Paris, 13 November 2014 Astrid Zwick, Head of Corporate Responsibility

Corporate responsibility in (re)insurance business. Paris, 13 November 2014 Astrid Zwick, Head of Corporate Responsibility Corporate responsibility in (re)insurance business Paris, 13 November 2014 Astrid Zwick, Head of Corporate Responsibility 1 Corporate responsibility at Munich Re Overview Munich Re s international cooperation

More information

Corporate responsibility in (re)insurance business. April 2014 Astrid Zwick, Head of Corporate Responsibility

Corporate responsibility in (re)insurance business. April 2014 Astrid Zwick, Head of Corporate Responsibility Corporate responsibility in (re)insurance business ( ) April 2014 Astrid Zwick, Head of Corporate Responsibility 1 Corporate responsibility at Munich Re Overview Munich Re s international cooperation A

More information

Corporate responsibility in business at Munich Re. February 2016

Corporate responsibility in business at Munich Re. February 2016 Corporate responsibility in business at Munich Re February 2016 1 Overview Munich Re's international cooperation A strong commitment towards corporate responsibility Examples UNEP-FI Munich Re has signed

More information

An introduction to the. Principles for Responsible Investment

An introduction to the. Principles for Responsible Investment An introduction to the Principles for Responsible Investment Message from the UN Secretary-General The Principles have quickly become the global benchmark for responsible investing. Launched in April 2006,

More information

FNG Quality Label Presentation. 2016 edition (second round)

FNG Quality Label Presentation. 2016 edition (second round) FNG Quality Label Presentation 2016 edition (second round) 2 Agenda 1. FNG Label Project 2. Methodology 3. Labelling process 4. Good reasons 5. How to apply 1. FNG Label Project Purpose of the project

More information

The Role of the Insurance Industry

The Role of the Insurance Industry The Role of the Insurance Industry Prof. Dr. Peter Hoeppe Geo Risks Research Munich Reinsurance Company ECF Annual Conference, Berlin, 27 March 2007 The Insurance Industry as an Early Alerter to Global

More information

AXA GROUP GLOBAL RESPONSIBLE INVESTMENT POLICY. July 2013

AXA GROUP GLOBAL RESPONSIBLE INVESTMENT POLICY. July 2013 AXA GROUP GLOBAL RESPONSIBLE INVESTMENT POLICY July 2013 AXA GROUP GLOBAL RI POLICY AXA 2013 1 CONTENTS BACKGROUND 1. POSITION, DEFINITION & BELIEFS 2. POLICY SCOPE POLICY 3. RESPONSIBLE OWNERSHIP ENGAGEMENT

More information

Corporate responsibility in (re)insurance business

Corporate responsibility in (re)insurance business plainpicture/fstop/ralf Hiemisch Corporate responsibility in (re)insurance business SRI Roadshow, April 2015 1 Corporate responsibility at Munich Re Overview Munich Re s international cooperation A strong

More information

Portfolio Carbon Initiative

Portfolio Carbon Initiative Portfolio Carbon Initiative Acting as market makers, capital providers, and advisers, financial institutions (FIs) are important actors in the shift to a low-carbon economy. As providers of debt and equity,

More information

UNITED NATIONS GLOBAL COMPACT NETWORK RUSSIA

UNITED NATIONS GLOBAL COMPACT NETWORK RUSSIA UNITED NATIONS GLOBAL COMPACT NETWORK RUSSIA CONTENT GENERAL INFORMATION... 3 THE STRUCTURE OF THE UN GLOBAL COMPACT NETWORK RUSSIA... 4 ACTIVITIES AND INITIATIVES OF THE UNGC NETWORK RUSSIA... 6 NETWORK

More information

PRINCIPLES FOR SUSTAINABLE INSURANCE REPORT ON PROGRESS SEPTEMBER 2014

PRINCIPLES FOR SUSTAINABLE INSURANCE REPORT ON PROGRESS SEPTEMBER 2014 PRINCIPLES FOR SUSTAINABLE INSURANCE REPORT ON PROGRESS SEPTEMBER 2014 Purpose of document This document outlines our commitment and progress towards implementing the Principles for Sustainable Insurance,

More information

Compliance Program@Siemens

Compliance Program@Siemens Program@Siemens Nadeem Anwer Regional Officer Siemens LLC UAE Strengthening Integrity In Private Sector Organized by UNDP, MENA-OECD Bahrain 16 th and 17 th of March 2010 Siemens AG 2009. All rights reserved

More information

Human rights and corporate insurance

Human rights and corporate insurance Human rights and corporate insurance November 2014 Contents 1 Executive summary 2 2 Introduction human rights and the insurance industry 3 3 Human rights and the insurance industry: approaches to integration

More information

Financial sector leadership on natural capital

Financial sector leadership on natural capital Financial sector leadership on natural capital The Natural Capital Declaration A commitment by financial institutions to mainstream natural capital in financial products and in accounting, disclosure and

More information

Physical and regulatory risks and opportunities from a reinsurer`s perspective

Physical and regulatory risks and opportunities from a reinsurer`s perspective Physical and regulatory risks and opportunities from a reinsurer`s perspective 18/19 November 2015, Berlin Ernst Rauch Head Corporate Climate Centre NatCatSERVICE Weather-related loss events worldwide

More information

Impact Investing TAILORED, TRANSPARENT SOLUTIONS

Impact Investing TAILORED, TRANSPARENT SOLUTIONS We set the standard for Impact Investing and are the first-choice partner for asset owners seeking to understand and control their global impact. Build your impact strategy with us - see inside for details.

More information

AEGON N.V. Investment Policy

AEGON N.V. Investment Policy the hague, november 2011 AEGON N.V. Responsible Investment Policy life insurance pensions asset management 1 / 7 Introduction AEGON N.V., through its member companies that are collectively referred to

More information

Takeda s CSR Activities

Takeda s CSR Activities Takeda s CSR Activities Recognizing companies are part of society, Takeda conducts activities with a holistic approach to not only create but also sustain corporate value. UNGC United Nations Global Compact

More information

Fidelity Worldwide Investment

Fidelity Worldwide Investment Fidelity Worldwide Investment ENVIRONMENTAL, SOCIAL AND GOVERNANCE POLICY January 2014 This is for investment professionals only and should not be relied upon by private investors Section Page 1. Fidelity

More information

The European Commission s strategy on Corporate Social Responsibility (CSR) 2011-2014: achievements, shortcomings and future challenges

The European Commission s strategy on Corporate Social Responsibility (CSR) 2011-2014: achievements, shortcomings and future challenges The European Commission s strategy on Corporate Social Responsibility (CSR) 2011-2014: achievements, shortcomings and future challenges Fields marked with are mandatory. 1 Introduction - Background and

More information

Sustainable & Responsible Investment Policy

Sustainable & Responsible Investment Policy Sustainable & Responsible Investment Policy Local Government Superannuation Scheme Effective date: 1/05/2015 Purpose of policy The Local Government Superannuation Scheme (LGS) is established under a multi-division

More information

SCP Issues for Business and Industry

SCP Issues for Business and Industry SCP Issues for Business and Industry Introduction Business and industry are key players in the SCP agenda. They are at the core of production and are also key organizational consumers. As the most important

More information

Socially Responsible Investment

Socially Responsible Investment Socially Responsible Investment A practical introduction for charity trustees November 2011 Foreword Trustees have many important responsibilities perhaps none more so than deciding how and where to invest

More information

Trust. Integrity. Shared Responsibility

Trust. Integrity. Shared Responsibility Allianz UK review 2011 04 Managing the business risks and opportunities of climate change 05 Reducing the environmental of our operations 06 Community Having a positive on the communities in which we operate

More information

Climate change & the insurance industry. Cheuvreux Financials Conference, London, 1 & 2 December 2009

Climate change & the insurance industry. Cheuvreux Financials Conference, London, 1 & 2 December 2009 Climate change & the insurance industry Cheuvreux Financials Conference, London, 1 & 2 December 2009 Climate change A global threat to the insurance industry Weather conditions have become more extreme

More information

Communication on Progress (COP) for the Global Compact

Communication on Progress (COP) for the Global Compact Communication on Progress (COP) for the Global Compact DaimlerChrysler is a leading supplier of superior passenger cars, sport-utility vehicles, minivans and pickups, and the world s largest manufacturer

More information

Working towards natural capital accounting and integrated reporting by financial institutions

Working towards natural capital accounting and integrated reporting by financial institutions Working towards natural capital accounting and integrated reporting by financial institutions Vicky Beukes, Social and Environmental Risk Manager, Nedbank Chair of NCD Working Group 4: Disclosure & reporting

More information

ESG Integration - our approach. Nordea Asset Management

ESG Integration - our approach. Nordea Asset Management ESG Integration - our approach Nordea Asset Management Table of Contents Our mission 5 Nordea Asset Management 6 ESG and the investment process 8 Our ESG products 11 3 4 Our mission is to deliver returns

More information

Convention on Corporate Sustainability Reporting

Convention on Corporate Sustainability Reporting Convention on Corporate Sustainability Reporting A policy proposal for corporate sustainability reporting to be mandated for the advancement of a Green Economy for The UN Conference on Sustainable Development

More information

SUSTAINABILITY RANKING - DEVELOPED COUNTRIES Half-yearly report February 2014

SUSTAINABILITY RANKING - DEVELOPED COUNTRIES Half-yearly report February 2014 SUSTAINABILITY RANKING - DEVELOPED COUNTRIES Half-yearly report February 2014 While SRI and ESG research on corporates from third parties is generally readily available, reliable information on countries

More information

Dilemmas in Responsible Investment. Céline Louche

Dilemmas in Responsible Investment. Céline Louche Dilemmas in Responsible Investment Céline Louche A definition An investment strategy which objective is to generate both financial and sustainable value The constructing and managing of investment funds

More information

Munich Re RISKS AND CHANCES OF CLIMATE CHANGE FOR THE INSURANCE INDUSTRY WHAT ARE THE CURRENT QUESTIONS TO CLIMATE RESEARCH?

Munich Re RISKS AND CHANCES OF CLIMATE CHANGE FOR THE INSURANCE INDUSTRY WHAT ARE THE CURRENT QUESTIONS TO CLIMATE RESEARCH? RISKS AND CHANCES OF CLIMATE CHANGE FOR THE INSURANCE INDUSTRY WHAT ARE THE CURRENT QUESTIONS TO CLIMATE RESEARCH? Prof. Dr. Peter Höppe Head of Geo Risks Research/Corporate Climate Centre NCCR Climate,

More information

poor medium good excellent

poor medium good excellent oekom orporate Aareal Bank AG : GIS : ountry: ISIN: Bloomberg Ticker: Financials/Mortgage & Public Sector Finance Thrifts & Mortgage Finance Germany DE0005408116 ARL GY Equity Status Prime Threshold Prime

More information

How To Profit From A Strong Performance

How To Profit From A Strong Performance Rising dividend after good results 5 February 205 Torsten Jeworrek Jörg Schneider Munich Re (Group) Financial highlights Q4 204 Good annual profit of 3.2bn Dividend increasing to 7.75 per share Munich

More information

A Study on Sustainability Disclosures and Reporting Trends in India: An Analytical Validation

A Study on Sustainability Disclosures and Reporting Trends in India: An Analytical Validation Global Journal of Finance and Management. ISSN 0975-6477 Volume 6, Number 9 (2014), pp. 821-826 Research India Publications http://www.ripublication.com A Study on Sustainability Disclosures and Reporting

More information

FOUNDERS. Certified Training Program on Sustainable Finance

FOUNDERS. Certified Training Program on Sustainable Finance FOUNDERS Certified Training Program on Sustainable Finance Acknowledging that any industry move starts with shaping the minds.. Mostadam is a platform that was founded in 2012 by Arab African International

More information

BlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy

BlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy BlueBay Asset Management LLP Environmental, Social and Governance (ESG) Investment Risk Policy INTRODUCTION This policy document outlines BlueBay Asset Management LLP s ( BlueBay ) approach to integrating

More information

At risk? - How companies manage ESG issues at board level

At risk? - How companies manage ESG issues at board level At risk? - How companies manage ESG issues at board level Introduction The turmoil of the current economic crisis is prompting a re-examination of the role of governments, regulators and investors in holding

More information

Integrating ESG criteria into fixed income investments

Integrating ESG criteria into fixed income investments WHITE PAPER May 2015 For professional investors Integrating ESG criteria into fixed income investments Making better informed investment decisions Edith Siermann Integrating ESG criteria into fixed income

More information

EU support for climate training in LDCs: some examples

EU support for climate training in LDCs: some examples EU support for climate training in LDCs: some examples Tony Carritt, EU Art 6 Focal Point First Article 6 Dialogue Bonn, 10-11 June 2013 EU support in context EU is leading provider of official development

More information

Our approach to investments on the stock market

Our approach to investments on the stock market TlB Our approach to investments on the stock market Introduction This document contains the third version of the Investment Strategy for stock market investments used by Triodos Investment Management B.V.

More information

Values-based investing

Values-based investing Values-based investing Contents 01 Why choose values-based investing? 02 Our range of values-based investment funds 05 Actively managed funds from Standard Life Investments and Columbia Threadneedle Investments

More information

GLOBAL INVESTMENTS, THE EUROPEAN WAY PARIS FRANKFURT NEW YORK SINGAPORE MILAN LONDON ZURICH VIENNA LUXEMBOURG

GLOBAL INVESTMENTS, THE EUROPEAN WAY PARIS FRANKFURT NEW YORK SINGAPORE MILAN LONDON ZURICH VIENNA LUXEMBOURG AXA PRIVATE EQUITY CORPORATE SOCIAL RESPONSIBILITY GLOBAL INVESTMENTS, THE EUROPEAN WAY PARIS FRANKFURT NEW YORK SINGAPORE MILAN LONDON ZURICH VIENNA LUXEMBOURG At the heart of our culture lies a commitment

More information

The First Decade: 1999-2009. Dow Jones Sustainability Indexes

The First Decade: 1999-2009. Dow Jones Sustainability Indexes The First Decade: 1999-2009 Dow Jones Sustainability Indexes The first decade Since 1999, a growing number of investors have started identifying sustainability issues as key factors for financial success.

More information

Responsible Investment Policy

Responsible Investment Policy Responsible Investment Policy 2014 Responsible Investment (RI) Policy Preamble Responsible Investing (RI) is an investment practice that advocates consideration of environmental, social and governance

More information

UN GLOBAL COMPACT BULLETIN JULY 2012

UN GLOBAL COMPACT BULLETIN JULY 2012 Communication on Progress Participant Status Active COP due date 2012-12-01 Public Profile ELEKTROBUDOWA SA Information and guidance on submitting COPs UN GLOBAL COMPACT BULLETIN JULY 2012 Français Español

More information

Allianz Reducing the risks of the poor through microinsurance

Allianz Reducing the risks of the poor through microinsurance DEDICATED TO MAKING A DIFFERENCE World Business Council for Sustainable Development Case Study 2009 Allianz Reducing the risks of the poor through microinsurance The business case The Allianz Group has

More information

192 EX/6. Executive Board Hundred and ninety-second session

192 EX/6. Executive Board Hundred and ninety-second session Executive Board Hundred and ninety-second session 192 EX/6 PARIS, 31 July 2013 Original: English Item 6 of the provisional agenda PROPOSAL FOR A GLOBAL ACTION PROGRAMME ON EDUCATION FOR SUSTAINABLE DEVELOPMENT

More information

SOCIAL AND ETHICAL CHARTER FOR OUR SUPPLIERS

SOCIAL AND ETHICAL CHARTER FOR OUR SUPPLIERS SOCIAL AND ETHICAL CHARTER FOR OUR SUPPLIERS CARREFOUR S COMMITMENT FOR RESPONSIBLE TRADE. 4 SOCIAL AND ETHICAL CHARTER FOR OUR SUPPLIERS CARREFOUR SOCIAL AND ETHICAL RESPONSIBILITY The Carrefour group,

More information

Corporate Governance. The Foundation for Corporate Citizenship and Sustainable Businesses

Corporate Governance. The Foundation for Corporate Citizenship and Sustainable Businesses Corporate Governance The Foundation for Corporate Citizenship and Sustainable Businesses Corporate Citizenship and Sustainable Businesses Corporate citizenship a commitment to ethical behavior in business

More information

Overview Brochure. AIG Benefit Solutions. Providing insurance solutions to meet the diverse needs of our customers

Overview Brochure. AIG Benefit Solutions. Providing insurance solutions to meet the diverse needs of our customers Overview Brochure AIG Benefit Solutions Providing insurance solutions to meet the diverse needs of our customers Comprehensive Insurance Solutions AIG Benefit Solutions offers comprehensive insurance solutions

More information

the United Nations Global Compact human rights, labour standards, the environment and anti-corruption

the United Nations Global Compact human rights, labour standards, the environment and anti-corruption (Ethical Charter) On 19th October 2009, Casino signed the United Nations Global Compact thereby committing to 10 universally accepted principles relating to human rights, labour standards, the environment

More information

danish CsR RepoRting

danish CsR RepoRting danish CSR reporting The Danish Financial Statements Act: Experiences after 3 years of mandatory CSR reporting In 2008 the Danish Parliament with overwhelming majority passed a bill amending the Danish

More information

What it examines. Business Working Responsibly CR/Sustainability Governance Section

What it examines. Business Working Responsibly CR/Sustainability Governance Section Business Working Responsibly CR/Sustainability Governance Section 1. Corporate Responsibility/ Sustainability Governance What it examines The Corporate Responsibility (CR)/Sustainability Governance area

More information

Sustainability in Global Supply Chains Information and Guidance for Companies

Sustainability in Global Supply Chains Information and Guidance for Companies Sustainability in Global Supply Chains Information and Guidance for Companies econsense Discussion Paper Publisher/Editor: econsense Forum for Sustainable Development of German Business Oberwallstraße

More information

Eclipx Group Limited Risk Management Policy

Eclipx Group Limited Risk Management Policy Eclipx Group Limited Risk Management Policy Date approved: 26 March 2015 Table of Contents 1. Background... 3 1.1 Overview... 3 1.2 Purpose... 3 1.3 Board responsibility... 3 2. Key principles and concepts...

More information

Responsible Investment Framework. Guardians of New Zealand Superannuation

Responsible Investment Framework. Guardians of New Zealand Superannuation Responsible Investment Framework Guardians of New Zealand Superannuation June 2016 PG 2 Overview Policy and Framework Standards Activities and Procedures PG 3 Policy and Framework Our responsibilities

More information

A systematic comparison of the German Sustainability Code with the principles of the UN Global Compact and the OECD Guidelines for Multinational

A systematic comparison of the German Sustainability Code with the principles of the UN Global Compact and the OECD Guidelines for Multinational A systematic comparison of the German Sustainability Code with the principles of the UN Global Compact and the OECD Guidelines for Multinational Enterprises STRATEGY Strategic Analysis, Strategy and aims

More information

APCO Worldwide in the UK

APCO Worldwide in the UK APCO Worldwide in the UK APCO Worldwide is an independent global communication, stakeholder engagement and business strategy firm. Our award-winning UK operations were founded in 1995 and offer fully integrated

More information

United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI)

United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI) United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI) HSBC Progress Report 2014 Prepared by: HSBC Insurance Holdings Plc Date: 31 March 2015 UNEP

More information

Growing into Your Sustainability Commitments: A Roadmap for Impact and Value Creation

Growing into Your Sustainability Commitments: A Roadmap for Impact and Value Creation Growing into Your Sustainability Commitments: A Roadmap for Impact and Value Creation A Preview of AccountAbility & UN Global Compact Research 2013 World Economic Forum, Davos, Switzerland Overview Companies

More information

Asset Liability Management at Munich Reinsurance Company

Asset Liability Management at Munich Reinsurance Company Asset Liability Management at Munich Reinsurance Company Helsinki, 17 th November 2004 Bernhard Kaufmann and Jochen Mayer Agenda ALM: Governance and Management The Munich Re ALM-Model: ALM on Macro Level

More information

Telefónica O2 Germany Company Profile

Telefónica O2 Germany Company Profile Telefónica O2 Germany Company Profile Telefónica O 2 Germany, Telefónica rolls out ethical standards across the world O 2 in Germany is today a converged telecommunications operator. This means that our

More information

Guidelines for PRI public communications

Guidelines for PRI public communications Guidelines for PRI public communications 1. Introduction The PRI Initiative will develop a stronger public profile to promote its new research and public policy agenda, complementing its historical focus

More information

Promoting Anti-Corruption Collective Action through Global Compact Local Networks

Promoting Anti-Corruption Collective Action through Global Compact Local Networks Promoting Anti-Corruption Collective Action through Global Compact Local Networks UN Global Compact ANTI-CORRUPTION INTRODUCTION The 10th Principle against Corruption commits UN Global Compact participants

More information

UNITED NATIONS GLOBAL COMPACT COMMUNICATIONS ON PROGRESS REPORT BY GENERATION ALLIANCE PTY LTD FOR THE PERIOD 22 JULY 2014 23 JULY 2015

UNITED NATIONS GLOBAL COMPACT COMMUNICATIONS ON PROGRESS REPORT BY GENERATION ALLIANCE PTY LTD FOR THE PERIOD 22 JULY 2014 23 JULY 2015 UNITED NATIONS GLOBAL COMPACT COMMUNICATIONS ON PROGRESS REPORT BY GENERATION ALLIANCE PTY LTD FOR THE PERIOD 22 JULY 2014 23 JULY 2015 CONTENTS 1. Introduction and statement of continued commitment 2.

More information

Report or Explain. How can markets, governments, companies and consumers together make the needed transition to a sustainable Green Economy?

Report or Explain. How can markets, governments, companies and consumers together make the needed transition to a sustainable Green Economy? Report or Explain Why all big companies should report their sustainability performance, or explain why they don t. www.globalreporting.org How can markets, governments, companies and consumers together

More information

ETI PERSPECTIVE 2020: A FIVE YEAR STRATEGY

ETI PERSPECTIVE 2020: A FIVE YEAR STRATEGY ETI PERSPECTIVE 2020: A FIVE YEAR STRATEGY Introduction This document is the final and Board approved version of ETI s strategic directions based on the ETI Board meeting discussion of 12 th March 2015.

More information

3. Operational Highlights

3. Operational Highlights . 50 Corporation 2015 Annual Report translation.1 Key Accounts in the Past Two Years.1.1 Key Suppliers 2014 2015 purchase (%) with Unit NT$ thousands purchase (%) with 1 Cowin Worldwide Corp. 12,878,95

More information

EXPLORATION RISK INSURANCE IFC AND MUNICH RE S EXPERIENCE IN TURKEY

EXPLORATION RISK INSURANCE IFC AND MUNICH RE S EXPERIENCE IN TURKEY EXPLORATION RISK INSURANCE IFC AND MUNICH RE S EXPERIENCE IN TURKEY October 23, 2014 COMPANY BACKGROUNDS IFC IFC is the private-sector investment entity of the World Bank Group, established in 1956. It

More information

Sustainability in KfW s Portfolio Management

Sustainability in KfW s Portfolio Management Sustainability in KfW s Portfolio Management August 2013 Bank aus Verantwortung Motivation of KfW New corporate claim: Responsible Banking Responsible Banking implies: Reinforcing growth: Financing for

More information

PLAN OF ACTION PARTNERSHIP FOR SUSTAINABLE TEXTILES

PLAN OF ACTION PARTNERSHIP FOR SUSTAINABLE TEXTILES PLAN OF ACTION PARTNERSHIP FOR SUSTAINABLE TEXTILES CONTENTS A. PREAMBLE 3 B. Objectives 5 C. Implementation strategy 6 D. Cooperation structures 8 E. Conditions of participation 9 ANNEX 13 A. PREAMBLE

More information

VIETNAM HOLDING ASSET MANAGEMENT GLOBAL COMPACT COMMUNICATION ON PROGRESS 2014

VIETNAM HOLDING ASSET MANAGEMENT GLOBAL COMPACT COMMUNICATION ON PROGRESS 2014 VIETNAM HOLDING ASSET MANAGEMENT GLOBAL COMPACT COMMUNICATION ON PROGRESS 2014 GLOBAL COMPACT COMMUNICATION ON PROGRESS Company: Address: Contact name: VIETNAM HOLDING ASSET MANAGEMENT Ltd. Reporting date:

More information

The UN Global Compact has been asked to speak about 3 topics this afternoon:

The UN Global Compact has been asked to speak about 3 topics this afternoon: Remarks of Ursula Wynhoven The UN Global Compact has been asked to speak about 3 topics this afternoon: 1. A key output of the work we were asked to do on engaging responsible business in the Post 2015

More information

Editorial Policy. Contents. Corporate Communication Division CSR Promotion Office, Resona Holdings, Inc. Content and Editorial Policy.

Editorial Policy. Contents. Corporate Communication Division CSR Promotion Office, Resona Holdings, Inc. Content and Editorial Policy. Contents Editorial Policy Content and Editorial Policy Top Message CSR Management Resona Group CSR Action goals, Results, Assessment 05 Corporate Governance Current Resona Holdings Status Internal Control

More information

Our approach to investments on the stock market

Our approach to investments on the stock market TlB Our approach to investments on the stock market Introduction Triodos Bank is one of the world s leading sustainable banks. Its mission is to make money work for positive change. In addition to its

More information

18.01.2014 Final Communiqué of the GFFA 2014

18.01.2014 Final Communiqué of the GFFA 2014 18.01.2014 Final Communiqué of the GFFA 2014 "Empowering Agriculture: Fostering Resilience Securing Food and Nutrition" We, the Agriculture Ministers of 65 states of the world, assembled here in Berlin

More information

Sustainability of the Short-Term Insurance Industry

Sustainability of the Short-Term Insurance Industry Sustainability of the Short-Term Insurance Industry Presented by: John Melville Executive Head: Risk Services, Santam Chairman of the SAIA 11 th June 2012 The Education Collaboration Response Business

More information

How To Work For The International Life Saving Federation

How To Work For The International Life Saving Federation World Water Safety INTERNATIONAL LIFE SAVING FEDERATION Gemeenteplein 26 3010 Leuven Belgium Tel: (32.16) 89.60.60 Fax: (32.16) 89.70.70 E-mail: ils.hq@telenet.be - Web: www.ilsf.org LIFESAVING POSITION

More information

COMMUNICATION ON PROGRESS. Statement SAP YEAR 2008

COMMUNICATION ON PROGRESS. Statement SAP YEAR 2008 COMMUNICATION ON PROGRESS SAP YEAR 2008 Statement SAP is an early endorser of the United Nations Global Compact with signature recorded in 2000. We remain committed to promoting all ten principles both

More information

Good start to 2015 Quarterly financial statements as at 31 March 2015

Good start to 2015 Quarterly financial statements as at 31 March 2015 plainpicture/fstop/ralf Hiemisch Good start to 205 7 May 205 Jörg Schneider Torsten Oletzky Torsten Jeworrek Agenda Munich Re (Group) 2 Munich Health 9 Business field ERGO 3 Reinsurance 9 Outlook 28 2

More information

Geohazards: Minimizing Risk, Maximizing Awareness The Role of the Insurance Industry

Geohazards: Minimizing Risk, Maximizing Awareness The Role of the Insurance Industry Geohazards: Minimizing Risk, Maximizing Awareness The Role of the Insurance Industry Prof. Dr. Peter Hoeppe Head of Geo Risks Research Munich Re International Year of Planet Earth, Paris, 13 February 2008

More information

Knowledge and (re)insurance. The Munich Re and the shifting limits of reinsurance after 1945

Knowledge and (re)insurance. The Munich Re and the shifting limits of reinsurance after 1945 1 Christopher Kopper Dept. of History Universität Bielefeld e-mail: ckopper@hotmail.com Knowledge and (re)insurance. The Munich Re and the shifting limits of reinsurance after 1945 Before 1914, the Munich

More information

PSI Principles for Sustainable Insurance

PSI Principles for Sustainable Insurance PSI Principles for Sustainable Insurance A global sustainability framework and initiative of the United Nations Environment Programme Finance Initiative I Design: Rebus, Paris www.rebusparis.com Published

More information

The Ministry of Economic Affairs chairs the National Contact Point (NCP). Chairman and board: Advisory members NCP Secretariat:

The Ministry of Economic Affairs chairs the National Contact Point (NCP). Chairman and board: Advisory members NCP Secretariat: National Contact Point, The Netherlands Annual Report 2008 (June 2007- May 2008) Institutional Arrangements The Ministry of Economic Affairs chairs the National Contact Point (NCP). Ministry of Economic

More information

CHARTER FOR RESPONSIBLE ADVOCACY WITH

CHARTER FOR RESPONSIBLE ADVOCACY WITH CHARTER FOR RESPONSIBLE ADVOCACY WITH PUBLIC AUTHORITIES AND REPRESENTATIVE INSTITUTIONS Societe Generale wishes to make an active contribution to the work of regulatory authorities at all levels of governance.

More information

Sustainalytics Communication on Progress 2014

Sustainalytics Communication on Progress 2014 Sustainalytics Communication on Progress 2014 Submitted to the UN Global Compact May 2014 About Sustainalytics Sustainalytics supports investors around the world with the development and implementation

More information

PREPARING SUSTAINABILITY REPORT FOR KRAJOWA SPÓŁKA CUKROWA

PREPARING SUSTAINABILITY REPORT FOR KRAJOWA SPÓŁKA CUKROWA PREPARING SUSTAINABILITY REPORT FOR KRAJOWA SPÓŁKA CUKROWA Warsaw, 20th of June 2013 REPORTING SUSTAINABILITY 1. Business sustainability definition. 2. The world trends on sustainability reporting. 3.

More information

Takeda s CSR Activities

Takeda s CSR Activities Takeda s CSR Activities Recognizing companies are part of society, Takeda conducts activities with a holistic approach to not only create but also sustain corporate value. Holistic Approach Basic Policy

More information

Value of sustainability reporting. A study by Ernst & Young LLP and the Boston College Center for Corporate Citizenship

Value of sustainability reporting. A study by Ernst & Young LLP and the Boston College Center for Corporate Citizenship Value of sustainability reporting A study by Ernst & Young LLP and the Boston College Center for Corporate Citizenship About this study This study was produced as a joint effort between Ernst & Young LLP

More information

GUIDE TO CAPTIVE INSURANCE COMPANIES IN THE CAYMAN ISLANDS

GUIDE TO CAPTIVE INSURANCE COMPANIES IN THE CAYMAN ISLANDS GUIDE TO CAPTIVE INSURANCE COMPANIES IN THE CAYMAN ISLANDS CONTENTS PREFACE 1 1. Cayman Islands Jurisdiction of Choice 2 2. Reasons for Establishing an Insurance Captive 3 3. Establishment and Licensing

More information

Social Research Analyst Statement on Corporate Sustainability Reporting (September 2005 Update)

Social Research Analyst Statement on Corporate Sustainability Reporting (September 2005 Update) Social Research Analyst Statement on Corporate Sustainability Reporting (September 2005 Update) This document represents a collective effort by social research analysts at 23 investment firms from around

More information

Business Principles September 2014

Business Principles September 2014 Business Principles September 2014 1. INTRODUCTION 2. BUSINESS PRINCIPLES 2.1 Core Principle We behave honestly, fairly and with integrity 2.2 Overarching Principle We manage risk and seek to continually

More information

How To Help The World

How To Help The World The World We Want A North-East Asian Youth Vision This Declaration was handed to His Excellency Kim Sung-hwan, Minister of Foreign Affairs and Trade of the Republic of Korea, in Seoul on 9 th of January

More information

Business Sustainability and Key Performance Indicators

Business Sustainability and Key Performance Indicators Journal of Business and Economics, ISSN 2155-7950, USA September 2014, Volume 5, No. 9, pp. 1484-1490 DOI: 10.15341/jbe(2155-7950)/09.05.2014/004 Academic Star Publishing Company, 2014 http://www.academicstar.us

More information

Sustainability Ranking - DEVELOPED countries

Sustainability Ranking - DEVELOPED countries Sustainability Ranking - DEVELOPED countries Half-yearly report October 2015 While sustainable and ESG research on corporates from independent third parties is generally readily available, reliable information

More information

Compliance Herausforderung und Chance, auch in Asien-Pazifik

Compliance Herausforderung und Chance, auch in Asien-Pazifik Compliance Herausforderung und Chance, auch in Asien-Pazifik Frank Schmidt Vice President & Compliance Officer Asia-Pacific Siemens AG Tischgespräch Deutsche Hongkong Gesellschaft e.v. Frankfurt, 13. Oktober

More information

The Public-Private Partnership: the Solution for Increasing the Satisfaction Degree Among Citizens

The Public-Private Partnership: the Solution for Increasing the Satisfaction Degree Among Citizens The Public-Private Partnership: the Solution for Increasing the Satisfaction Degree Among Citizens Adriana Cîrciumaru National Agency of Civil Servants Romania Who we are The National Agency of Civil Servants

More information

Strategies for Corporate Social Responsibility

Strategies for Corporate Social Responsibility Strategies for Corporate Social Responsibility Dr. Vanja Markovic Certification Maintenance Points This seminar has been approved by: -ABIH (American Board of Industrial Hygiene) Please complete a quiz

More information