We derived our sustainability strategy from the Group’s overarching strategy and aligned it with the Group’s mission statement and values. It comprises concrete action areas, goals and measures and serves to ensure that our operations are in line with ecological and social challenges – in keeping with the Ten Principles set out in the UN Global Compact and with the UN Sustainable Development Goals (SDGs).
In keeping with the GRI Standards and the German CSR Directive Implementing Act (CSR-RUG), our sustainability report is based on a materiality analysis. We updated and expanded our initial stakeholder survey, which we conducted in 2014, in the reporting period, in order to identify the sustainability topics and challenges that are material for the Talanx Group.
The Compliance and Transparency action area is an interdisciplinary function covering adherence to statutory, legal and regulatory requirements and to the Company’s own Code of Conduct throughout the Group and across all action areas. Both the trust placed in the Talanx Group and its competitiveness depend on this foundation for legally correct, responsible and ethical conduct. In addition to topics such as anti-money laundering and anti-corruption, it covers data protection/cybersecurity and tax compliance, for example. The Talanx Group wishes to be transparent about these and other topics.
Within the Talanx Group, the main areas of our business activities in which sustainability needs to be taken into account are our investments and insurance products. For this reason, our long-term goal is to take sustainability criteria into account in our investments, insurance products and services. Topics such as transparency, easy-to-understand information and fair advice play an important role here. We underscore the sustainability activities for our core business by electing to apply or become part of recognised international frameworks, initiatives and reporting standards.
The Work and Employees action area reflects our desire to take our employees’ interests into account and to be an attractive employer and vocational training provider. The Talanx Group actively encourages and supports employee training and development. It promotes diversity and equal opportunities, e.g. by taking measures aimed at specifically increasing the proportion of women in management positions. Talanx also assumes social responsibility by actively working to promote the common good and supporting selected charitable projects and initiatives. Currently, the Talanx Group and especially the foundation established for this purpose are involved in education and training activities at our Hannover location and beyond.
The goal of the Day-to-day Operations and Procurement action area is to organise our daily business and purchasing activities in a sustainable manner. This includes, for example, using resources sparingly, sourcing environmentally friendly products, respecting employee and human rights (including along the supply chain), and reducing our direct and indirect greenhouse gas (GHG) emissions. We also want to encourage Talanx employees to conserve resources and take sustainability into account in their day-to-day activities, e.g. during business trips.