MEAG, the joint asset manager of ERGO and Munich Re, manages the investments of ERGO. The company is one of the major investors in the European finance sector. A comprehensive, joint controlling system operated by ERGO and MEAG ensures that we meet the commitments to our customers over the long term. A dedicated early-warning system at the ERGO Group monitors compliance with the mandate specifications to MEAG every day. This also takes account of the investment categories, quality and limits.
We favor to invest in shares, corporate and government bonds as well as in public interest-bearing securities which comply with sustainability criteria – meaning ecological and social standards and the rules of good corporate governance, known as ESG criteria. To this end, our asset manager MEAG is relying on data by MSCI, a leading provider of ESG ratings and research. MEAG invests the capital according to the provisions and guidelines of our process for responsible investments.
In line with our corporate responsibility strategy, we strive to contribute to mitigating the impact of climate change with our investments, too. Consequently, we support the energy transformation and the renunciation of fossil fuels, and have taken the Group decision not to invest in companies that generate more than 30 percent of their revenues from coal extraction or coal-fired power generation.