Investing in communities

Investing in communities

Hands waving

Through local community programs and the Z Zurich Foundation, we share our resources and expertise to help build more resilient communities.

Encouraging sustainable development 

We have invested in our communities for many years. This type of investment has a positive impact on local communities, contributing to their well-being and encouraging sustainable development that goes beyond the social and economic value of our business. Two highlights are the Z Zurich Foundation and the Global Community Week program.

Long-term community activities

We enable and support the development of long-term community activities run by local offices, making it easier for them to share guidance and best practices across the Group, while providing access to funding by the Z Zurich Foundation. In 2013, the Foundation supported Zurich North America in its efforts to help rebuild neighborhoods on Staten Island damaged by Superstorm Sandy. It also supported Zurich Nordic in building a mentoring program with young disadvantaged adults.

Global Community Week in June 2013

Employees based in 43 countries took part in 700 unique projects. They volunteered approx. 28,000 business hours, and raised almost USD 1 million (including Z Zurich Foundation matching).

The Group’s charitable contributions

Charitable contributions (in USD millions)   24.0

Charitable contributions include cash donations, value of hours volunteered on business time and value of in-kind donations. Contributions cover 100% of our Group’s business units and the Z Zurich Foundation. Contributions of the Z Zurich Foundation are valued on a cash-out basis. Contributions made as part of Global Community Week 2013 have been restated to account for activities reported late. Excluded are the Farmers Exchanges, which are owned by their policyholders and managed by Farmers Group Inc a wholly owned subsidiary of Zurich Insurance Group Ltd. 

As part of our efforts to further improve transparency and reporting, in 2013 Zurich introduced an automated reporting system that will allow us to more comprehensively and consistently collect, measure and report on our community investment activities and allow for year-on-year comparisons. 2013 data will serve as baseline for these efforts. 

Martin Senn speaks at the Zurich Community Trust

The UK’s Zurich Community Trust celebrated its 40th anniversary in November 2013. At its annual conference Martin Senn, Zurich’s Chief Executive Officer, recognized this important milestone and explained why corporate responsibility is an integral part of how we do business.