For Hannover Re, sustainability means a commitment to longterm value creation combined with the forward-looking concept of good corporate governance, a voluntary undertaking to conserve the environment and social responsibility. Our day-to-day business as a reinsurer involves the professional handling of highly diverse risks. Our value contribution lies in our ability to bring together our extensive risk expertise with sophisticated underwriting practice. In so doing, we help to make risks in both private and business life manageable. An anticipatory approach to dealing with risks in the areas of reinsurance and investment management is of special importance inasmuch as we must keep our payment promises to our clients not only today but also 20 or 30 years from now. With this in mind, in 2011 we drew up a Sustainability Strategy for Hannover Re that reflects in concrete terms the corporate strategy of the Group and in which we explicitly commit to our strategic objective of sustainable value creation.
Our current Sustainability Strategy for the years 2015 to 2017 was developed on the basis of a materiality analysis. It defines four action fields and further specifies 14 concrete goals and 42 measures.
We set out below our primary avenues for moving forward on sustainability and the most significant developments in 2016. The Sustainability Report of the Hannover Re Group containing detailed information on our strategy, our approach and our advances in matters of sustainability can be accessed on our corporate website at hannover-re.com/60729/sustainability.