In its investing activities the Group will retain its existing policy of not making any new investments in companies that generate at least 25 percent of their revenues from fossil fuel sources. Furthermore, it will continue to progressively expand its investments in renewables and climate-friendly technologies. The Group has already made direct investments totalling more than EUR 1.3 billion in renewable energy sources (wind and solar).

On the underwriting side, with immediate effect the Talanx Group will in principle no longer write any risks associated with planned new coal-fired power plants and coal mines. In countries where coal accounts for a particularly large share of the energy mix and access to alternative energy sources is insufficient, the Talanx Group will allow a limited number of exceptions for the provision of insurance protection on a case-by-case basis and after reviewing the technical standards. Bearing in mind that the energy transition away from fossil fuels can only take place responsibly over the medium to long term, it is envisaged that the portfolio will no longer include any coal-fired power plants or coal mines from 2038 onwards.