Investing in communities
Community investment is at the heart of Zurich’s sustainability strategy. Through investment from the Z Zurich Foundation and from our local offices around the world, we share our resources and expertise to help build more resilient communities, adding value beyond our core business activity. Community investment is an important part of our employee engagement strategy, and the knowledge and experience employees gain from our community programs often help us shape our products and services, leading to better customer outcomes.
Find out more about other intiatives run by our local offices.
The Group’s charitable contributions
|Total full year cash contributions (USD millions)||20.9||23.1||29.6||22.6||22.7|
Charitable contributions include corporate cash donations only. Contributions cover all of our Group’s business units, as well as the Z Zurich Foundation. Contributions from 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.
Zurich has 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. We also engage PwC to verify our community investment data, and provide limited assurance.