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 2014

Employees based in 43 countries took part in numerous unique projects. Employees volunteered over 33,000 business hours and 27 percent of employees participated in activities to benefit local communities.

The Group’s charitable contributions

  2014  2013
Total full year cash contributions (USD millions)   22.7  17

Charitable contributions include corporate cash donations only. 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. 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, and contributions made by Zurich employees.  

As part of our efforts to further improve transparency and reporting, in 2013 Zurich introduced an automated reporting system that allows us to more comprehensively and consistently collect, measure and report on our community investment activities and allow for year-on-year comparisons. In 2014, we furthermore engaged an external auditor (PricewaterhouseCoopers AG) to verify our data. PwC has provided limited assurance and has issued an assurance statement.

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.