Sustainability Report 2018

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About us
Business groups Business performance
Key figures Executive Board Supervisory Board
Group strategy
Equity story Value-based management
Sustainability Strategy
Materiality analysis Sustainability goals and measures 2018 - 2020
Sustainability management
Responsible enterprise management
Management structure Corporate Governance Code Remuneration and performance review
Compliance
Compliance structure and report Legal framework Data privacy and information security Sanctions Code of Conduct
Risk management
Risk landscape Organisation and process of risk management
Stakeholder dialogue
Dialogue formats Advocacy groups and memberships
Risk assessment and risk expertise Sustainable insurance solutions Sustainability in asset management Customer orientation and satisfaction
General information and employee indicators Executive development and employee advancement
Recruitment of new staff (Further) Training Performance and career development reviews Generation management and succession planning Health and wellness
Employee retention
Work-life Balance Employee satisfaction Remuneration and fringe benefits
Diversity
Diversity indicators
Operational environmental protection
Environmental management system Resource consumption
Energy consumption Paper consumption Water consumption Waste
Emissions
Supplier management Social Commitment
Research and science Support for art, culture and music Environment and climate protection Social issues Global engagement
About this report GRI Content Index
Global presence

Corporate Governance Code

As an instrument of self-regulation for the business world, the applicable version of the German Corporate Governance Code (DCGC) for the year under review dating from 7 February 2017 sets out not only legal requirements but also various recommendations and suggestions for good corporate governance. They are intended to maintain and foster the trust of different stakeholder groups in the management and supervision of German companies. Although the Code does not have binding legal force, the enterprises addressed by the Code are nevertheless required by § 161 Stock Corporation Act (AktG) to provide an annual declaration as to whether or not the recommendations of the Code were and are complied with in the reality of the company’s business activities. If recommendations were not acted upon, this is to be explained and disclosed as part of the Declaration of Conformity.

Since 2003 we have provided an annual Declaration of Conformity with the applicable version of the German Corporate Governance Code as amended, which is published on our website and can be reviewed in the Group Annual Report. Furthermore, our Corporate Governance Principles are regularly revised and reflect the recommendations of the Code as amended. The Corporate Governance Principles of Hannover Rück SE applicable for the 2018 reporting year were approved by the Executive Board and Supervisory Board on 7 November 2017.

Our positive attitude towards the Code notwithstanding, we did not comply with certain Code recommendations in the year under review. A well justified deviation from the recommendations of the Code may be very much in the interests of good corporate governance (cf. the Foreword to the Code). With this in mind, we make allowance for enterprise- and industry-specific features and tailor our corporate governance to fit our company.

In addition, we are already engaged in an intensive exploration of the upcoming comprehensive reform of the Code, currently available as a government bill, and its prompt implementation following entry into force.

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More Information

Topic related links outside the report:

AR 2018: Declaration on Corporate Governance Website: Corporate Governance Website: Declaration of Conformity AR 2018: Responsible enterprise management Website: Corporate Governance Principles

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