As the fourth-largest reinsurer in the world, we are aware of our responsibility to society. For us, this means not only sharing knowledge with various research institutes and universities but also showing cultural engagement and supporting relevant institutions and projects. In so doing, we generate positive effects for society that go beyond our own business activities. While we are unable to make a quantitative impact assessment of our social involvement, our commitment to society nevertheless remains one of our most important concerns – one that we support through our sustainability efforts.
Our activities extend beyond the Hannover location to our subsidiaries and branches, which engage in their own individual projects in response to social issues in the various countries. For example, we support universities as well as educational and research projects with a bearing on reinsurance business. Not only that, for many years we have been a sponsor of art, culture and music at our Hannover location. We encourage the dedication shown by our staff in countless projects around the world and we support international projects in accordance with our Donations Guideline. Our investment in the community is regulated by our Group-wide Donations Guideline, which rules out donations to political parties and churches or other political or religious organisations as well as organisations for the protection of historical monuments and animal welfare. Consequently, neither in the period under review nor in prior years have we made contributions to political parties, politicians or organisations associated with them. Compliance with this guideline is verified by the Group Auditing function.
Responsibility for Hannover Re's social engagement rests with our company's entire Executive Board, the members of which are jointly accountable for implementation and refinement of strategic issues relating to sustainability.