Responsibility for the topic of sustainability rests with our entire Executive Board. The Environmental Management Officer, the Compliance Officer and the Corporate Governance Officer report on a regular basis to the Executive Board. In addition, the sustainable value creation of Hannover Re is ensured by a comprehensive risk management system with appropriate reporting structures.
In our business operations we not only comply with applicable laws but are also guided by voluntary guidelines such as our Code of Conduct, which was revised in 2017 and is applicable Group-wide. We take our lead from the guidelines of the ILO and the principles of the UN Global Compact, most importantly with respect to the observance of human rights, inter alia with regard to the UK Modern Slavery Act 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 centre at the Hannover location takes responsibility for preparing Hannover Re's strategic orientation in matters of sustainability and for defining appropriate operational measures. Comprised of representatives from various specialist departments, it meets annually for the strategy review and on a case-by-case basis in various constellations depending on the tasks to be dealt with. It is incumbent on each member to advance 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 and hence to the sustainable development of the company 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 we pursue and the contributions that organisational units are expected to make to individual goals and areas of topical emphasis. The sustainability goals and measures of the Hannover Re Group are also embedded in the Strategy Guide. In this way, we ensure that all initiatives and activities within Hannover Re are rigorously linked to the Group Strategy and the 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 by the responsible department takes place on a regular basis.