Hannover Re, officially known as Hannover Rück SE, is a leading global reinsurance company headquartered in Hannover, Germany. Established in 1966, it has grown to become one of the largest reinsurers in the world, with a strong presence in Europe, North America, and Asia. The company operates within the insurance and pension funding services sector, focusing on property and casualty, life and health reinsurance, as well as specialty lines.
Hannover Re is renowned for its innovative solutions and risk management expertise, offering tailored products that meet the diverse needs of its clients. With a commitment to sustainability and digital transformation, the company has achieved notable milestones, including a strong financial rating and consistent growth in premium income. Its market position is reinforced by a reputation for reliability and a customer-centric approach, making Hannover Re a trusted partner in the reinsurance industry.
+24 vs industry average
Hannover Re’s score of 61 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hannover Re's reported carbon emissions
Hannover Re, a company in the Insurance and pension funding services industry (based in DE), reported approximately 7.58 billion kg CO2e for Scope 3 emissions in 2025. This includes significant portions from investments, amounting to about 82.99 billion kg CO2e. Scope 2 emissions for 2025 were approximately 23.99 billion kg CO2e (location-based). Scope 1 emissions for 2025 were around 3.55 million kg CO2e. In 2024, Hannover Re's Scope 3 emissions were approximately 9.48 billion kg CO2e, with investments contributing about 110.25 billion kg CO2e. Scope 2 emissions were approximately 28.28 billion kg CO2e (location-based), and Scope 1 emissions were about 3.27 million kg CO2e. The company has set a target to reduce the carbon footprint of its corporate bonds, covered bonds, and equities by 30% by 2025, using 2019 as the base year. Additionally, there was a near-term target to reduce greenhouse gas emissions at the Hannover location by 25% per employee by 2023, using 2019 as the base year, for both Scope 1 and Scope 2 emissions. Hannover Re's emissions data is cascaded from its parent organisation, Hannover Rück SE.
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Hannover Re’s Climate Goals (2030 & 2050)
3 goals2025
30% reduction in all scopes
Goal tightened: reduction of the carbon footprint (corporate bonds, covered bonds, equities) by 30 % by 2025 (base year 2019)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Hannover Re
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