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Munich Re signs U.N. initiative


MUNICH, Germany— -Munich Reinsurance Co. has joined the United Nations' Global Compact initiative which stipulates 10 principles to promote international standards for companies and organizations in the areas of human rights, labor, the environment and anti-corruption.

Global Compact was launched in 2000 and its principles obligate signatories to protect human rights, to prevent forced and compulsory child labor, to promote environmental protection and to combat corruption.

Its members include 3,800 companies and organizations from more than 100 countries.