FSB Climate-related Financial Disclosures

Our approach to materiality

Reflecting the long-term view of our business, we seek to identify environmental and social issues that may undermine sustainable progress, and explore effective ways to address them. To do so, we use our deep understanding of re/insurance markets and the extensive risk expertise embedded within our company as well as insights from our ongoing dialogue with key stakeholders.

Based on these internal and external insights, in 2016 we conducted a comprehensive review of our key Corporate Responsibility Topics and developed a two-dimensional Corporate Responsibility Map to display them according to our stakeholders’ expectations and their relevance for our management. You can view both the revised list of topics and this map in our 2016 Corporate Responsibility Report, which has been published concurrently with the Annual Report.

In this chapter of the Financial Report we present selected information on some of our Corporate Responsibility Topics with a strong link to our financial performance. Climate change, in particular, remains a key issue for our core re/insurance business. In view of this, we use this section to start providing “Climate-related Financial Disclosures” as recommended by the Financial Stability Board (www.fsb-tcfd.org).

The table below shows where we disclose information relevant to the FSB disclosures:

Climate-related financial disclosures of the Financial Stability Board