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Zurich - Respecting Human Rights

Category: Industry News, Discrimination, international, harassment, complicit

Zurich - Respecting Human Rights

Zurich Insurance’s commitment to respecting Human Rights is part of Zurich Basics, our group’s code of conduct. We value the protection of international human rights within our sphere of influence, and will work hard to ensure that we are not complicit in human rights abuses.

Our Group's code of conduct

  • We respect the protection of international human rights within our sphere of influence, and will make sure that we are not complicit in human rights abuses.
  • Zurich does not tolerate discrimination or harassment in the workplace on the basis of age, disability, ethnicity, national origin, gender, race, colour, religion, marital status, sexual orientation or any other perceived differences.
  • Zurich recognizes the right of employees to freedom of association and collective bargaining. All employees have the right to freely form and join groups for the promotion and protection of their employment interests.
  • Zurich does not tolerate any form of forced or compulsory labour or child labour.

The above principles are in accordance with the internationally recognized core employment standards of the International Labour Organization

Zurich’s commitment to live up to the principles of the UN Global Compact

By signing the United Nations Global Compact in 2011, we are committed to aligning our strategy, culture and day-to-day operations with the Global Compact’s ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. Six of the 10 UN Global Compact principles relate to human rights.

United Nations Global Compact principles

Human Rights

  • Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
  • Principle 2: make sure that they are not complicit in human rights abuses.

Environment

  • Principle 7: Businesses should support a precautionary approach to environmental challenges;
  • Principle 8: undertake initiatives to promote greater environmental responsibility; and
  • Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Labour

  • Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
  • Principle 4: the elimination of all forms of forced and compulsory labor;
  • Principle 5: the effective abolition of child labor; and
  • Principle 6: the elimination of discrimination in respect of employment and occupation.

Anti-Corruption

  • Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

We pay special attention to transactions that might contravene human rights

Insurance allows people and businesses to protect themselves from risk, helping them to become prosperous, resilient and stable. We invest the premiums in the capital markets with a long-term view, helping to finance businesses and public entities. Because of this active role in the economy, the insurance industry has many links to potential human rights violations.

Zurich supports all sectors of the economy through its insurance and investment activities.  As part of our work with corporate customers to help them manage corporate responsibility risks, we pay special attention to transactions that might contravene human rights. These are transactions that could:

  • Contribute to human rights abuses such as involuntary relocation of local communities, inappropriate use of force or adverse impacts on vulnerable indigenous people.
  • Support regimes, governments, government officials or other politically exposed persons in countries with poor governance (for example failed states, conflict or war zones, and ineffective rule of law) or poor human rights records.
  • Enable harmful child labor, forced labor, poor health and safety conditions and unfair remuneration.

VERCIDA works with over one hundred clients who are committed to creating an inclusive work environment. If you are an employer and interested in working with VERCIDA to promote your diversity and inclusion initiatives and attract the best candidates, please call 02037405973 or email [email protected] for more information.

We are also officially recommended by Disability Confident as a step on achieving Employer status, please click here for more information.

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VERCIDA works with over one hundred clients who are committed to creating an inclusive work environment. If you are an employer and interested in working with VERCIDA to promote your diversity and inclusion initiatives and attract the best candidates, please email [email protected] for more information.

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