Governance

Ensuring adequate governance is an important issue for the Group, and the Group regularly addresses the requirements in the area of governance.

Governance as many dimensions within the Group and is operationalized by experts in specialized departments such as Compliance, Corporate Office or Cybersecurity.

The sustainability activities in the Talanx Group are governed by a dedicated governance structure. Both the entire Supervisory Board and its committees, particularly the Finance and Audit Committee and the Management Affairs Committee, deal with sustainability issues within their respective areas of responsibility.

The high importance of sustainability within the Group is underscored by the three sustainability experts on the Supervisory Board:

• Dr. Sandra Reich
• Prof. Dr. Jens Schubert
• Norbert Steiner

The entire Board of Management is responsible for the sustainability activities in the Group. Through the two decision-making bodies, the Responsible Underwriting Committee (RUC) and the Responsible Investment Committee (RIC), the strategic integration of sustainability aspects into all core processes is regularly monitored and advanced.

These committees are each led by the Chairman of the Board or the Chief Financial Officer.

Group Strategy & Sustainability is positioned as a specialist department for sustainability under the Chairman of the Board of Management. The department is mirrored in the individual business areas of the Talanx Group. These departments work together in working groups and the sustainability network on specific sustainability-related topics. They are supported by experts from departments such as Group People & Culture, Compliance, and many others.