The Munich Re Group’s sustainability report is based on the Sustainability Reporting Guidelines outlined in the Global Reporting Initiative (GRI), the third generation of which was published in 2006. We have also taken into account the 2002 Financial Services Sector Supplement.
The GRI sustainability reporting guidelines are internationally recognised standards for companies seeking to publish transparent reports on the economic, ecological and social aspects of their activities, products and services.
The following table provides an overview of the GRI indicators specified in the report and where they can be found. All publicly availble information of Munich Re Group for 2006 as well as some additional information published until September 2007 are included. The sustainability portal will be updated on a regular basis during 2007 and 2008.
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GRI Index
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List of abbreviations
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| CSD06 |
DAS Corporate Social Responsibility Report 2006 |
| DGB06 |
DKV Annual Report 2006 |
| EGB06 |
ERGO Group 2006 Annual Report |
| GB06 |
Munich Re Group Annual Report 2006 |
| MA06 |
Data and facts regarding Munich Re staff |
| P04 |
Perspectives 2004 (Munich Re environmental magazine) |
| P05 |
Perspectives 2005 (Munich Re environmental magazine) |
| SRI1 |
SRI Report 1 (Socially Responsible Investment Report) |
| SRI2 |
SRI Report 2 |
| SRI3 |
SRI Report 3 |
| T1/06 |
Topics No. 1, 2006 |
| T2/07 |
Topics No. 2, 2007 |
| UEM06 |
2006 environmental statement regarding the Munich site |
| UEV05 |
2005 environmental statement by Victoria |
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Key
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Completely covered |
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Partially covered |
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Not reported |
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Not relevant |
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Additional indicator |
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GRI for index usage
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Source for index
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1.
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Strategy and analysis
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| 1.1 |
Statement from CEO |
http://sustainability.munichre.com |
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| 1.2 |
Description of key impacts, risks, and opportunities |
http://sustainability.munichre.com |
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2.
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Organisational profile
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| 2.1 |
Name of the organisation |
GB06 (PDF, 1.8 MB), front fold-out text |
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| 2.2 |
Primary brands, products, and/or services |
GB06 (PDF, 1.8 MB), front fold-out text, pp. 48–52 |
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| 2.3 |
Operational structure |
GB06 (PDF, 1.8 MB), front fold-out text, pp. 48, 51, 52, 213–215 |
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| 2.4 |
Location of headquarters |
GB06 (PDF, 1.8 MB), p. 207 |
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| 2.5 |
Countries where the organisation operates and names of countries with major operations |
GB06 (PDF, 1.8 MB), front fold-out text, pp. 49, 213–215 |
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| 2.6 |
Nature of ownership and legal form |
GB06 (PDF, 1.8 MB), pp. 40, 41 |
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| 2.7 |
Markets served |
GB06 (PDF, 1.8 MB), pp. 48–50, 69–74, 104, 105, 148–154 |
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| 2.8 |
Scale of the reporting organisation |
GB06 (PDF, 1.8 MB), pp. 142, 152, 210 |
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| 2.9 |
Significant changes during the reporting period regarding size, structure or ownership |
GB06 (PDF, 1.8 MB), pp. 48–51, 67, 103, 177, 210 |
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| 2.10 |
Awards received in the reporting period |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB), pp. 43, 105; SRI3 (PDF, 140 KB), pp. 9, 11; EGB06, p. 54 |
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3.
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Report parameters
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| 3.1 |
Reporting period |
http://sustainability.munichre.com |
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| 3.2 |
Date of most recent previous report |
February 2007 |
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| 3.3 |
Reporting cycle |
Annually |
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| 3.4 |
Contact point for questions regarding the report |
http://sustainability.munichre.com |
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| 3.5 |
Process for defining report content |
http://sustainability.munichre.com |
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| 3.6 |
Boundary of the report (e.g. countries, divisions) |
http://sustainability.munichre.com |
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| 3.7 |
Specific limitations on the scope of the report |
http://sustainability.munichre.com |
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| 3.8 |
Basis for reporting on joint ventures, subsidiaries, outsourcing |
http://sustainability.munichre.com |
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| 3.9 |
Data measurement techniques |
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| 3.10 |
Effect of any restatements of information provided in earlier reports |
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| 3.11 |
Significant changes in the scope, boundary, or measurement methods applied |
http://sustainability.munichre.com |
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| 3.12 |
Table indentifying location of standard disclosures in the report |
http://sustainability.munichre.com |
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| 3.13 |
Policy with regard to seeking external assurance for the report |
UEM06 (PDF, 56 KB); UEV05; CSD06 |
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4.
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Governance, commitments and engagement
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| 4.1 |
Governance structure |
GB06 (PDF, 1.8 MB), pp. 57–60, 111–113; P05 (PDF, 3.5 MB), p. 50 |
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| 4.2 |
Independence of the Chair of the highest governance body |
GB06 (PDF, 1.8 MB), pp. 57, 58 |
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| 4.3 |
Independence of members of the highest governance body |
GB06 (PDF, 1.8 MB), pp. 57–60, 113 |
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| 4.4 |
Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body |
GB06 (PDF, 1.8 MB), pp. 58, 112; Investor Relations |
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| 4.5 |
Linkage between compensation for members of the highest governance body and the organisation‘s performance |
GB06 (PDF, 1.8 MB), pp. 114–118 |
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| 4.6 |
Processes in place for the highest governance body to ensure conflicts of interest are avoided |
http://sustainability.munichre.com; Code of Conduct |
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| 4.7 |
Process for determining the qualifications of members of the highest governance body for guiding strategy on economic, environmental, and social topics |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB); Munich Re Group |
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| 4.8 |
Internally developed statements of mission or values |
http://sustainability.munichre.com; Code of Conduct; P05 (PDF, 3.5 MB), p. 31 |
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| 4.9 |
Procedures of the highest governance body for overseeing the organisation‘s identification and management of economic, environmental, and social performance |
http://sustainability.munichre.com |
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| 4.10 |
Processes for evaluationg the highest governance body‘s own performance, particularly with respect to economic, environmental, and social performance |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB), pp. 115–118 |
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| 4.11 |
Precautionary approach or principle |
http://sustainability.munichre.com; P05 (PDF, 3.5 MB), p. 31 |
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| 4.12 |
Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organisation subscribes or endorses |
GB06 (PDF, 1.8 MB), p. 108; P05 (PDF, 3.5 MB), p. 54; http://sustainability.munichre.com; Press |
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| 4.13 |
Memberships in associations and/or national/international advocacy organisations |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB), p. 108; P05 (PDF, 3.5 MB), p. 54; Press |
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| 4.14 |
List of stakeholder groups engaged by the organisation |
http://sustainability.munichre.com; Munich Re Group |
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| 4.15 |
Basis for identification and selection of stakeholders with whom to engage |
http://sustainability.munichre.com; Munich Re Group; GB06 (PDF, 1.8 MB) |
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| 4.16 |
Approaches to stakeholder engagement |
http://sustainability.munichre.com; Munich Re Group |
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| 4.17 |
Key topics and concerns that have been raised through stakeholder engagement |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB); Munich Re Group |
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Indicators
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Source for index
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EC
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Economic performance indicators
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| EC1 |
Direct economic value generated and distributed |
GB06 (PDF, 1.8 MB), front fold-out text, pp. 69, 93, 142–145, 174, 194, 198, 199, 207; MA06 (PDF, 496 KB, german), p. 25 |
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| EC2 |
Financial implications for the organisation‘s activities due to climate change |
GB06 (PDF, 1.8 MB), pp. 11–13, 61, 108, 126, 204; T1/06 (PDF, 1.4 MB) |
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| EC3 |
Coverage of the organisation‘s defined benefit plan obligations |
GB06 (PDF, 1.8 MB), pp. 163, 187–189, 191; EGB06, pp. 108, 149–153 |
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| EC4 |
Significant financial assistance received from government |
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| EC5 |
Standard entry level wage* |
Career
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| EC6 |
Policy, practices, and proportion of spending on locally-based suppliers |
P05 (PDF, 3.5 MB), pp. 42, 43 |
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| EC7 |
Procedures for local hiring |
MA06 (PDF, 496 KB, german), pp. 26, 17 |
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| EC8 |
Infrastructure investements and services provided primarily for public benefit |
http://sustainability.munichre.com; Munich Re Foundation |
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| EC9 |
Indirect economic impacts* |
GB06 (PDF, 1.8 MB), pp. 11–13, 20–21, 61, 75–76, 78, 82, 85, 132, 134 |
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EN
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Environment performance indicators
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| EN1 |
Materials used by weight or volume |
http://sustainability.munichre.com |
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| EN2 |
Percentage of materials used that are recycled input materials |
http://sustainability.munichre.com |
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| EN3 |
Direct energy consumption by primary energy source |
http://sustainability.munichre.com; UEM06 (PDF, 56 KB) |
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| EN4 |
Direct energy consumption by primary source |
http://sustainability.munichre.com; UEM06 (PDF, 56 KB) |
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| EN5 |
Energy saved due to conversation and efficiency improvements |
Press; T2/07 (PDF, 1.8 MB) |
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| EN6 |
Initiatives to provide energy-efficient or renewable energy-based products and services* |
http://sustainability.munichre.com; P05 (PDF, 3.5 MB), p. 32, 41; T2/07 (PDF, 1.8 MB) |
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| EN7 |
Initiatives to reduce indirect energy consumption* |
http://sustainability.munichre.com; P05 (PDF, 3.5 MB), pp. 41, 44; SRI3 (PDF, 140 KB), p. 7; EGB06, p. 56 |
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| EN8 |
Total water withdrawal by source |
http://sustainability.munichre.com; UEM06 (PDF, 56 KB) |
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| EN9 |
Water sources significantly affected by withdrawal of water* |
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| EN10 |
Percentage and total volume of water recycled and reused* |
P05 (PDF, 3.5 MB), p. 41; UEM06 (PDF, 56 KB) |
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| EN11 |
Operations in, or adjacent to, protected areas |
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| EN12 |
Significant impacts of operations on biodiversity in protected areas |
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| EN13 |
Habitants protected or restored* |
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| EN14 |
Strategies for managing impacts on biodiversity* |
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| EN15 |
Number of IUCN Red List species and national conservation list species with habitants in areas affected by operations* |
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| EN16 |
Total direct and indirect greenhouse gas emissions |
http://sustainability.munichre.com; UEM06 (PDF, 56 KB); UEV05 |
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| EN17 |
Other relevant indirect greenhouse gas emissions |
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| EN18 |
Initiatives to reduce greenhouse gas emissions* |
http://sustainability.munichre.com; Press; T2/07 (PDF, 1.8 MB) |
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| EN19 |
Emissions of ozone-depleting substances |
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| EN20 |
NOx, SO2 and other significant air emissions |
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| EN21 |
Total water discharge by quality and destination |
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| EN22 |
Total weight of waste by type and disposal method |
http://sustainability.munichre.com; UEV05; UEM06 (PDF, 56 KB) |
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| EN23 |
Total number and volume of significant spills |
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| EN24 |
Transported, imported, exported, or treated |
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| EN25 |
Impact of organisation‘s discharges of water and runoff on water bodies and related habitants* |
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| EN26 |
Initiatives to mitigate environmental impacts |
http://sustainability.munichre.com; SRI3 (PDF, 140 KB), pp. 2, 3, 7, 10; P05 (PDF, 3.5 MB), pp. 32, 35, 39, 40; P04 (PDF, 2.4 MB), pp. 13, 29, 47; T2/07 (PDF, 1.8 MB); Publications |
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| EN27 |
Products sold and their packaging materials that are reclaimed |
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| EN28 |
Significant fines and non-monetary sanctions for non-compliance with environmental laws and regulations |
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| EN29 |
Significant environmental impacts of transporting products and other goods* |
http://sustainability.munichre.com |
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| EN30 |
Total environmental protection expenditures and investments |
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PR
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Product responsibility performance indicators
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| PR1 |
Life cycle stages in which health and safety impacts of products and services are assessed |
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| PR2 |
Incidents of non-compliance with health and safety standards* |
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| PR3 |
Product and service information required by procedures |
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| PR4 |
Incidents of non-compliance with regulations and voluntary codes concerning product and service information |
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| PR5 |
Practices related to customer satisfaction* |
GB06 (PDF, 1.8 MB), pp. 43, 104, 105; SRI3 (PDF, 140 KB), p. 9; Munich Re Group |
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| PR6 |
Programmes for adherence to laws, standards and voluntary codes related to marketing communications |
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| PR7 |
Incidents of non-compliance with regulations and voluntary codes concerning marketing communications* |
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| PR8 |
Substantiated complaints regarding breaches of customer privacy and losses of customer data* |
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| PR9 |
Significant fines for non-compliance with laws and regulations concerning the provision and use of products and services |
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LA
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Labour practices and decent work performance indicators
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| LA1 |
Total workforce by employment type, employment contract, and region |
GB06 (PDF, 1.8 MB), pp. 106, 107, 210; MA06 (PDF, 496 KB, german), pp. 5, 9–12, 16, 17 |
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| LA2 |
Total number and rate of employee turnover |
GB06 (PDF, 1.8 MB), pp. 106, 107; MA06 (PDF, 496 KB, german), pp. 23, 24; EGB06, p. 55 |
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| LA3 |
Benefits provided to full-time employees* |
Career
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| LA4 |
Employees covered by collective bargaining agreements |
MA06 (PDF, 496 KB, german), p. 16 |
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| LA5 |
Minimum notice period(s) regarding significant operational changes |
EGB06, p. 55 |
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| LA6 |
Workforce represented in formal joint management-worker health and safety committees* |
Career
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| LA7 |
Rates of injury, occupational diseases, lost days, and total number of work-related fatalities |
MA06 (PDF, 496 KB, german), p. 22 |
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| LA8 |
Assistance for workforce regarding serious diseases |
http://sustainability.munichre.com; Career |
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| LA9 |
Health and safety topics covered in formal agreements with trade unions* |
Career
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| LA10 |
Training per employee |
MA06 (PDF, 496 KB, german), p. 26, 27 |
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| LA11 |
Programmes for skills management and lifelong learning* |
http://sustainability.munichre.com; ERGO Management Academy |
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| LA12 |
Employees receiving regular performance and career development reviews* |
GB06 (PDF, 1.8 MB), p. 136; http://sustainability.munichre.com |
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| LA13 |
Composition of governance bodies according to indicators of diversity |
GB06 (PDF, 1.8 MB), pp. 57, 58; MA06 (PDF, 496 KB, german), pp. 15, 18, 19 |
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| LA14 |
Ratio of basic salary of men to women |
Career
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HR
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Human rights performance indicators
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| HR1 |
Significant investment agreements that include human rights clauses or that have undergone human rights screening |
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| HR2 |
Significant suppliers and contractors that have undergone screening on human rights |
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| HR3 |
Employee training on policies and procedures concerning aspects of human rights* |
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| HR4 |
Incidents of discrimination and actions taken |
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| HR5 |
Actions taken to support the right to exercise freedom of association and collective bargaining |
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| HR6 |
Measures taken to contribute to the elimination of child labour |
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| HR7 |
Measures taken to contribute to the elimination of forced or compulsory labour |
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| HR8 |
Training of security personnel concerning aspects of human rights* |
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| HR9 |
Incidents of violations involving rights of indigenous people and actions taken* |
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SO
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Society performance indicators
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| SO1 |
Programmes and practices that assess and manage the impacts of operations on communities |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB), p. 108 |
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| SO2 |
Business units analysed for risks related to corruption |
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| SO3 |
Training in anti-corruption policies and procedures |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB), pp. 113, 135, 136; Code of Conduct |
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| SO4 |
Actions taken in response to incidents of corruption |
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| SO5 |
Participation in public policy development and lobbying |
http://sustainability.munichre.com; Code of Conduct; Munich Re Group |
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| SO6 |
Financial and in-kind contributions to political parties, politicians, and related institutions* |
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| SO7 |
Legal actions for anti-competitive behaviour, anti-trust, and monopoly practices* |
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| SO8 |
Significant fines and non-monetary sanctions for non-compliance with laws and regulations |
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CSR
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CSR management
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| CSR1 |
CSR directives |
http://sustainability.munichre.com; SRI1 (PDF, 2.1 MB), p. 2; P05 (PDF, 3.5 MB), p. 31; Code of Conduct |
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| CSR2 |
CSR organisation |
P05 (PDF, 3.5 MB), p. 50 |
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| CSR3 |
CSR audit |
UEM06 (PDF, 56 KB); UEV05; GB06 (PDF, 1.8 MB), p. 108; MA06 (PDF, 496 KB, german) |
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| CSR4 |
Handling on sensitive topics |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB), p. 135; Code of Conduct |
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| CSR5 |
Cases of non-compliance with regulatory stipulations |
GB06 (PDF, 1.8 MB), pp. 136–137 |
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| CSR6 |
Stakeholder dialogue |
http://sustainability.munichre.com; GB06 (PDF, 1.8 MB); Munich Re Group |
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INT
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Internal
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| INT1 |
Internal CSR directives |
http://sustainability.munichre.com; MA06 (PDF, 496 KB, german); Code of Conduct |
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| INT2 |
Staff fluctuation and job creation |
GB06 (PDF, 1.8 MB), pp. 106, 107; MA06 (PDF, 496 KB, german), pp. 23, 24; EGB06, p. 55 |
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| INT3 |
Employee satisfaction |
http://sustainability.munichre.com; SRI1 (PDF, 2.1 MB), p. 8; DGB06, p. 22 |
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| INT4 |
Salaries of upper management |
GB06 (PDF, 1.8 MB), pp. 114–118 |
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| INT5 |
Bonuses in connection with performance in field of sustainability |
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| INT6 |
Ratio between income of women and men |
Career
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| INT7 |
Staff profile |
MA06 (PDF, 496 KB, german), pp. 5–6, 9–12; SRI3 (PDF, 140 KB), p. 12 |
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SUP
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Suppliers
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| SUP1 |
Check of main suppliers with regard to social aspects |
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| SUP2 |
Supplier satisfaction |
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SOC
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Society
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| SOC1 |
Expenditure for charitable causes |
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| SOC2 |
Gross value added |
GB06 (PDF, 1.8 MB), pp. 55, 142–145 |
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INS
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Insurance
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| INS1 |
Underwriting guidelines |
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| INS2 |
Client profile |
GB06 (PDF, 1.8 MB), pp. 104, 105; EGB06, p. 54 |
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| INS3 |
Complaints by clients |
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| INS4 |
Insurance providing social benefit |
P05 (PDF, 3.5 MB), pp. 32, 34, 36; SRI3 (PDF, 140 KB), p. 4; DGB06; p. 22; Munich Re Foundation |
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