As a leading player in the reinsurance industry, Hannover Re's commercial success is crucially dependent on the correct assessment of present and emerging risks. Today, the company finds itself facing growing complexity in the risk assessment process as a consequence of the increasing importance attached to various aspects of sustainability. In some cases, these have not only indirect but also direct strategic and operational relevance for the company's reinsurance products and the management of its investments.
Hannover Re's aim, therefore, is to achieve commercial success on the basis of a results-driven business model in accordance with the needs of its staff and society as well as with an eye to protecting the environment and conserving natural resources. With this in mind, Hannover Re first developed a sustainability strategy in 2011, fleshing out in more concrete detail the overriding corporate strategy of the Group and affirming the company's explicit commitment to its strategic objectives for sustainable value creation.
In conformity with the Group Strategy, the sustainability goals are also reviewed pursuant to the three-year strategy cycle and adjusted on the basis of a materiality analysis and according to the current need for action. The Sustainability Strategy defines the four action fields shown below and specifies concrete goals:
- Governance and Dialogue
- Product Responsibility
- Environment and Society
Hannover Re continuously pursues its sustainability goals and reports annually on their realisation in the Sustainability Report.