Sustainability

Standards for future sustainability reporting are being developed at the European and global level. The German Insurance Association (GDV) has submitted comments on the respective drafts.

The European Commission's proposal for a directive provides for far-reaching corporate due diligence obligations in value chains to protect human rights and the environment. German insurers are committed to supporting a consistent and harmonised legal framework. However, to ensure its applicability and effectiveness, this framework must also take into account the specificities of the insurance sector and not create disproportionate duties of care or incalculable liability risks.

German marine insurers are taking action against plastic pollution in the oceans. They want to ensure that plastic pellets are declared as hazardous goods worldwide in the future if they are transported by sea.