Hannover Re

Hannover Re, a German-headquartered company in the Insurance and pension funding services sector, reported approximately 7.6 billion kg CO2e in total emissions for 2025. This includes 3,551,900 kg CO2e from Scope 1, 23,987,100 kg CO2e from Scope 2 (location-based), and 7,580,109,900 kg CO2e from Scope 3 emissions. Notably, a significant portion of Scope 3 emissions, approximately 82.9 billion kg CO2e, was attributed to investments.

In 2024, the company's total emissions were approximately 9.5 billion kg CO2e, comprising 3,270,300 kg CO2e in Scope 1, 28,275,200 kg CO2e in Scope 2 (location-based), and 9,480,229,000 kg CO2e in Scope 3. Investments accounted for approximately 110.2 billion kg CO2e within Scope 3.

Hannover Re has set several climate commitments. The company aims to reduce Scope 1 and Scope 2 greenhouse gas emissions at its Hannover location by 25% per employee by 2023, using a 2019 base year. Additionally, it has a more stringent goal to reduce the carbon footprint of its corporate bonds, covered bonds, and equities by 30% by 2025, also against a 2019 base year. Hannover Re's emissions data is cascaded from its parent company, Hannover Rück SE.