As the following graphic shows, the Talanx Group's sustainability
strategy comprises two overarching areas – “Sustainability Strategy
and Governance” and “Dialogue and Reporting” – plus four action
The Talanx Group´s sustainability strategy - action areas
Sustainability strategy and governance
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).
Dialogue and Reporting
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.
Our four action areas
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