Better Health for All

The company implements employee health programs, including mental health advice and addiction prevention.

It also provided financial and humanitarian aid in response to the 2023 Türkiye earthquake. The company adheres to data protection guidelines and complies with GDPR. However, the provided evidence focuses on internal employee programs and general corporate responsibility rather than the health impact of its core insurance products or services on the broader public.

Fair Money & Economic Opportunity

Talanx Group is an insurance holding company that aims to provide long-term financial protection against life risks globally.

The company has internal diversity, equity, and inclusion (DE&I) initiatives, including employee networks such as the Women's Network, pride@hdi (LGBTIQ*), and a Safe(r) Space network for Black People and People of Colour. A Group-wide international Diversity & Inclusion Board began its work in June 2021. Talanx intends to fill at least 50% of vacant management positions with female candidates starting in 2022. A subsidiary, neue leben, focuses on women and retirement provision, offering advice, educational materials, and a “female finance check” to raise awareness of financial security. The Talanx Group is active in more than 175 countries. Starting in 2023, the Group no longer offers insurance for any new projects if they did not obtain free, prior, and informed consent from impacted indigenous peoples.

Fair Pay & Worker Respect

The Chairman of the Board of Management's remuneration was 33 times the average target total remuneration of all employees (excluding the Board of Management) in 2024.

Additionally, 11,000 Talanx Group employees are covered by a collective agreement with ver.di. Based on the 2024 total employee count of 29,976, this represents approximately 36.7% of the workforce.

Fair Trade & Ethical Sourcing

Talanx AG, as an insurance holding company, does not procure or trade physical commodities, making the 'fair_trade_cert_share' KPI not applicable. The company states it 'only signs contracts with business partners who accept and agree to be bound by their standards and principles,' which include respect for human rights, as outlined in their Code of Conduct for Business Partners developed in 2019.

This implies 100% coverage for business partners, but without specific details on enforcement mechanisms like audit rights or penalty clauses, it aligns with a lower positive tier. No specific data is provided for audit frequency, forced or child labour incidents, traceability coverage, remediation speed, materials risk index, or supplier diversity spend.

Honest & Fair Business

Talanx AG received an administrative fine of EUR 1,095,000 from BaFin on March 6, 2025, for failing to publish the date and website for its 2022 half-yearly financial report within the required timeframe.

This fine is less than $5 million. The company has a whistleblower system in place, which is operated by an external provider, but there is no evidence regarding independent investigation processes, training, or effectiveness metrics. Talanx also has a Code of Conduct for employees and business partners, which includes provisions for preventing money laundering and corruption, and mentions training programs to enhance compliance knowledge, but lacks specific details on the frequency or effectiveness of this training.

No War, No Weapons

The company is a member of the UN Global Compact, indicating support for its principles, which include human rights.

In 2023, the Talanx Group performed a risk analysis for the first time under the German Supply Chain Due Diligence Act (LkSG), which covers human rights and environmental risks. The company also has a code of conduct for employees and business partners, emphasizing legal compliance and a whistleblower system for reporting potential legal breaches, including human rights.

Planet-Friendly Business

In 2023, the company's total Scope 1, 2, and 3 greenhouse gas emissions were 31,187 metric tons, representing an average annual reduction of 19.1% compared to 2019.

The company mentions targets aligned with the Science Based Targets initiative (SBTi), but no specific targets or validation details are provided. The company aims for net-zero emissions in its own operations by 2030 and for underwriting and investment activities by 2050. In 2023, 59.3% of total electricity consumption was sourced from renewable sources. The waste diversion rate from landfill in Germany was 50.2% in 2023. The company reported no significant fines or sanctions for environmental non-compliance in 2023. The company's report aligns with TCFD recommendations, covering governance, strategy, risk management, and metrics/targets. Climate scenario analysis includes 2°C and 'business as usual' scenarios, considering physical, transition, and liability/legal risks. The company aims to avoid investments in unsustainable issuers to mitigate stranded asset risks, but specific disclosure of climate asset risks is minimal, with generic statements and no quantification.

Respect for Cultures & Communities

Talanx Group's 2023 Sustainability Report indicates that 50% of its operating equipment and food suppliers in Germany are local.

Additionally, 24% of its IT suppliers in Germany are local. For the local procurement share KPI, the 50% figure for operating equipment and food suppliers in Germany falls within the 40-50% tier.

Safe & Smart Tech

Talanx AG has been recertified to ISO/IEC 27001:2013 for its information security management system, a certification it has held since 2013.

The company conducts ongoing awareness campaigns for employees regarding information security. Communication with the website and contact form data are SSL-encrypted. Talanx states compliance with GDPR, the German Federal Data Protection Act (BDSG), and the German Stock Corporation Act (AktG) across various operations, including shareholder data and reinsurance activities. The company emphasizes data minimization principles, collecting data only as necessary and retaining it according to legal obligations, with retention periods for shareholder register data up to 10 years after sale and other data up to 30 years. Users have rights to information, rectification, restriction, erasure, and data portability, and can manage cookies through browser settings. No incidents of unauthorized data use are documented. The company mentions continuous improvement and monitoring of security standards and measures.

Zero Waste & Sustainable Products

Talanx Group has implemented multiple waste reduction initiatives. These include the elimination of 240,000 single-portion sachets, 500,000 milk pots, and 1.5 million sugar sticks annually at its Hannover and Cologne offices.

The company also eliminated 170,000 disposable paper cups and 55,000 lids annually company-wide in 2017. In 2020, a transition to central waste containers eliminated 750,000 small plastic sacks. The company reported 1.2 tonnes of hazardous waste in 2023. No significant waste disposal violations were reported for 2023. Talanx has company-wide waste reduction targets with timelines, as mentioned in its 2023 Sustainability Report.