Introduction

The present Group non-financial information statement was drawn up pursuant to the CSR Directive Implementation Act in accordance with the disclosures required by § 289b and c German Commercial Code (HGB) and § 315c German Commercial Code (HGB). It contains the legally required information relating to significant environmental matters, employee matters, social matters, respect for human rights and combating corruption and bribery. Within these individual aspects the underlying concepts and due diligence processes are discussed and available findings are reported. In addition, the Group non-financial statement is to be used to report on material risks pursuant to § 289c (3) No. 3 and 4 German Commercial Code (HGB), to the extent necessary for an understanding of the business development, business result, position of the Group and implications for non-financial matters. In view of the fact that we purposefully enter into numerous risks in the context of our business operations, we have put in place an extensive and effective risk management system. For a description of the risk management system please see the section “Risk report” of the “Opportunity and risk report”. Our non-financial risks are summarised there under the operational and other risks.

Hannover Re has only defined financial management ratios and key financially performance indicators. For this reason, no non-financial performance indicators pursuant to § 289c (3) No. 5 German Commercial Code (HGB) are available that are relevant to the business operations of the Hannover Re Group.

Pursuant to § 315b (1) Sentence 3 German Commercial Code (HGB), reference is also made to non-financial information provided elsewhere in the Group management report with respect to certain aspects. Unless otherwise stated, all information refers to the Hannover Re Group. The Group non-financial information statement is a section of the report that the legislator has expressly exempted from the audit of the financial statements (§ 317 (2) Sentence 6 and Sentence 4 German Commercial Code (HGB); unaudited information). It is the responsibility of the Supervisory Board to verify the lawfulness, correctness and expediency of the Group non-financial information statement.

A detailed description of Hannover Re’s sustainability efforts, which go above and beyond the legal requirements of the Group non-financial information statement, is provided in a separate Sustainability Report compiled annually by the Group on a voluntary basis.