The FINANCIAL -- Zurich Insurance Group
presented the Z Zurich Foundation’s 2011 annual report.
The Foundation’s mission is to equip individuals and communities with the knowledge and resources to better manage change and risk in their lives and in the world around them. It combines financial investments with Zurich’s insurance and risk management expertise to generate a meaningful impact on pressing societal challenges that cannot be solved quickly.
As Zurich Insurance Group reported, community investment is an important part within Zurich’s broader corporate responsibility strategy and reflects its commitment to invest in the sustainable development of the communities in which Zurich operates and beyond. At the Group level, the Z Zurich Foundation invests in select strategic long-term partnerships addressing well-defined focus areas related to key societal issues, notably sustainable disaster management and sustainable economic development in emerging markets. Current partner organizations include – among others – the International Federation of Red Cross/Red Crescent Societies, Practical Action, the Rainforest Alliance, and the ETH Zurich.
The successes of the activities supported by the Foundation are very exciting, and many of them can be scaled up. Recognizing this potential, and acknowledging that the Foundation is the ideal expression of its commitment to community investment, Zurich made a substantial strategic investment of USD 100 million into the Foundation. This enables Zurich to advance the mission of the Foundation and have a meaningful impact for the years to come.