CEO Statement

Dr. Markus Rieß, CEO of ERGO Group AG

Dear Readers,

Insurance is a long-term business. We insure people and companies for the future. For us, looking forward and acting sustainably is an integral part of our activities. We take our responsibilities to our customers and employees, the environment and society very seriously, and this is illustrated by the wide variety of activities on which we report. We believe that bringing economic, environmental and social interests into harmony will create added value for our company and for society in general.

Our Group-wide corporate responsibility strategy is guided by the Sustainable Development Goals (SDGs) that were adopted by all member states of the United Nations in 2015. Climate change represents a key challenge for our society. As insurers, we are already seeing today an accumulation of windstorms, intense precipitation events and floods, with serious consequences for our business.

For that reason, the main focus of our social commitment is on promoting adaptation to climate change and mitigating its consequences. Together with Munich Re, we promote international afforestation projects and support start-ups with innovative business ideas on climate protection. At our company sites, we become involved as a helpful neighbour in various social projects – offering financial assistance, with volunteer work by our employees, or in the form of our digital expertise.

We integrate sustainability into our core business and stand by the voluntary commitments we have made with our parent company, Munich Re. These include the UN Global Compact, the Principles for Responsible Investment (PRI), and the Principles for Sustainable Insurance (PSI).

To keep our company on course for long-term success, we consistently exploit opportunities from digitalisation and constantly refine our products and services. In our own business operations and in our commitment to sustainability, we rely on the forward-looking management of risks.

In our core business, our experts test newly developed products for economic, environmental and social criteria, or take these into account when underwriting risks. We invest capital in a sustainable and environmentally friendly way and, as a major investor, we want to help limit global warming in the long-term in line with the Paris Climate Agreement.

Sustainable management and climate protection are also guiding principles within our own company. For many years, we have been conserving natural resources, and in 2015 we achieved our target of making all of the Group’s operations climate neutral. We offset unavoidable emissions by purchasing carbon certificates. We will continue to apply our environmental management consistently and constantly strive to improve our ecological footprint.

For our employees, we create a work environment that promotes performance and increases motivation – for example with flexible working hours, personal development opportunities, and targeted health management. Together, we lay the foundations for the corporate success that enables our commitment to sustainability.

On these pages, you can read about how we put into practice our corporate and social responsibilities. Our sustainability programme highlights the next steps we intend to take on this road.

We invite you to take a look and welcome any feedback, critical comments or suggestions!

Best regards,
Markus Rieß

 


ERGO Sustainability Reporting

Current activities and general progress reported in accordance with the standards of the Global Reporting Initiative (GRI).