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Munich Re

PRI reporting framework 2018

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

New selection options have been added to this indicator. Please review your prefilled responses carefully.

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

At Munich Re, responsible management has top priority, not least with a view to operating profitably. Our asset management therefore follows the United Nations Principles for Responsible Investment (PRI). We helped to draw up these principles and we were the first German company to sign them.

A holistic investment strategy aligned with ESG (environmental, social, governance) criteria also has a beneficial effect on risk and return. That is why, on 27 April 2006, we were one of the first signatories to the United Nations Principles for Responsible Investment (PRI), which we played a prominent role in drafting. Behind these principles is the view that investment decisions often take insufficient account of the need for sustainable development and thus the needs of future generations.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In 2012, MR signed the Principles for Sustainable Insurance (PSI), which we were also actively involved in creating. As a signatory, we actively campaign to have environmental, social and governance aspects (ESG) accounted intensely in the insurance business. For us, the PSI serves as a framework for (ESG) aspects more strongly in our core business. By taking these aspects into account along the whole value chain of our business, we expand our risk management by a further dimension. Munich Re (Group) is currently member of the PSI Board.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Over 200 financial institutions, including banks, insurers and fund managers, work for the global partnership to understand the impacts of environmental and social considerations on financial performance. Munich Re joined the organisation in 1999 and supports financial climate-change topics that need to be addressed.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Global Compact as our guideline: Since 2007, Munich Re Group has been committed to the ten principles of the United Nations' Global Compact. These represent a worldwide standard and help us to continue to improve our corporate responsibility. The annual Communication on Progress (COP) is integrated in our Corporate Responsibility portal.

Group-wide Code of Conduct: The central guideline for our actions is our Code of Conduct, which describes our understanding of values and has also been implemented by our subsidiaries. It specifies rules that are binding for all Munich Re staff and is regularly reviewed and expanded as needed. In 2013, for example, we anchored the understanding of values conveyed in the Global Compact by expressly referring to the ten principles in the introduction to our Code of Conduct,  In 2018 the Code of Conduct was updated and the reference to the UN Global Compact enforced. The CoC applies to all employees who make or can influence business decisions or who have access to confidential information.

          VfU
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The VfU is a network of financial service providers from Germany, Austria and Switzerland. Since 1995, the Association and its members have been working on developing and realising innovative and sustainable solutions for financial services providers, with the goal of helping the financial economy make a contribution to a sustainable development. As a representative of interests for sustainability issues in the German-language financial sector, the VfU participates in the political dialogue on a sustainable economy in various forums.

As a think tank, the VfU occupies itself with the integration of sustainability aspects into business and management processes and financial services.

The VfU has taken over the function of the CFI (Climate Change, Financial Markets & Innovation/Finance Forum Climate Change) project that was supported by the BMBF until March 2013, and which was founded within the framework of the "High-tech strategy for climate protection" of the German government. Ernst Rauch (Global Head Climate & Public Sector Business Development Chief Climate and Geo Scientist) is member of the board and chairman of the VfU Finance Forum Climate Change.


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          see below
        

Frequency of contribution

Description

          see below
        

Frequency of contribution

Description

          see below
        

Frequency of contribution

Description

          see below
        

Frequency of contribution

Description

          "MEAG kooperiert mit MSCI ESG Research", cash-online, press release, MEAG, 13.07.2017
"Nachhaltige Emerging Market Anleihen", GTeld Magazin, Interview, 24.7.17
"Nachhaltig und erfolgreich", MEAG FairReturn, Invest&More, Interview Stefan Arneth, 5.8.17
"Beständige Erträge mit Nachhaltigkeitscharakter", Die Stiftung, Interview Stefan Amanda, + Interview Stefan Amenda, 25.9.17
"Emerging Markets und Nachhaltigkeit", Portfolio Institutionell, 1.10.17
        

Frequency of contribution

Description

          Alfred Wasserle participated in several PRI consultations
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

Munich Re 2017:

27.02. G20 Konferenz zu Klimarisiken, Berlin (va Agrar) (Höppe)

04.-07.05. AIIB Peking, Japan, China (Höppe)

29.-30.06. GRID A Modul, München (Höppe

04.07. MCII Versicherungsworkshop (Höppe)

 

20.-21.02. Deutsche IPCC Jahrestagung 2017, Nauen (Faust)

 

16.-17.01. KfW G20 Germany 2017, Frankfurt (Rauch)

04.02. Landwirtschaftliche Fortbildung (VLF) (Rauch)

21.02. VfU Mitgliederversammlung, München (Rauch)

26.04. Finanz-Forum Klimawandel, Frankfurt (Rauch)

04.05. UNDP, GIZ, Berlin (Rauch)

26.06. Habitat for Humanity, München (Rauch)

09.10.-10.10. Chatham House Climate Change Conf. (Rauch)

12.10. Klimaherbst, München (Rauch)

 

MEAG

Holger Kerzel 2017:

23.10.2017: Panel, Sustainable Finance Gipfel, Frankfurt

 

MEAG

Alfred Wasserle 2017:

20.1.2017: Presentation ESG Research oekom, Munich

25.1.2017: Presentation ESG Research Sustainalytics, Munich

26.1.2017: Presentation ESG Research MSCI, Munich

15..3.2017: JPM ESG Conference, Paris

24.3.2017: PRI  Fiduciary duties and ESG in Germany, Munich

3.4.2017: DB ESG Corporate Day, Frankfurt

19.4.2017: BVI Nachhaltigkeitstag, Frankfurt

30.6..2017: Roundtable Sustainability UBS, Munich

4.7.2017: BaFin SRI, München

12.7.2017: PRI Netzwerktreffen Germany, Frankfurt

13.7.2017: BVI Arbeitskreis Nachhaltiges Investieren, Frankfurt

21.9.2017 HVB European Investment Conference Green and Social Bonds Panel, Munich

25-27.9.2017: PRI in Person Conference, Berlin

27+28.9.2017: Deutsche Bank ESG Summit, Berlin

13.10.2017: Exam ESG AnalystDVFA/EFFAS, Frankfurt

25.11.2017: Exam SRI-Advisor European Business School, Oestrich-Winkel

29-30.11.2017: VfU Roundtable, Frankfurt

 

MEAG New York 2017:

HSBC Sustainable Financing & Investing Responsibly Forum – with focus on Green Finance and Innovation in ESG

MSCI ESG Seminar on Tackling Climate Risk with Climate Action

Session with Blackrock to discuss incorporating ESG data on Blackrock platform

Bloomberg Sustainable Business Summit

Bank of America Auto Summit – Panel discussion on ESG theme

 

Ergo, Peter-Michael Kracht 2017

25.04.2017 Responsible Investor Workshop: „Decarbonize 2.0“

06.07.2017 Oekom Fachtagung: “Fossiles Divestment - Nachhaltiges Investment“

23.10.2017 Auftaktveranstaltung des H4SF (Hub for Sustainable Finance) i.A. des Rates für nachhaltige Entwicklung

29./30.11.2017 VfU-UNEP FI Rounddtable

06.12.2017 GDV Veranstaltung Kapitalanlagen u.a. Nachhaltigkeit aus Aufsichtssicht

 

 

 


SG 11. Dialogue with public policy makers or standard setters (Private)


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