Hannover Re
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 worldwide, with significant operations across Europe, North America, and Asia-Pacific. Specialising in property and casualty reinsurance, life and health reinsurance, and specialty lines, Hannover Re is renowned for its innovative solutions and strong risk management capabilities. The company has achieved notable milestones, including consistent financial strength ratings and a robust market position, making it a trusted partner for insurers globally. With a commitment to sustainability and digital transformation, Hannover Re continues to set industry standards, providing unique products and services that cater to the evolving needs of its clients.
DitchCarbon Score
How does Hannover Re's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hannover Re's score of 33 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hannover Re's reported carbon emissions
In 2023, Hannover Re reported total carbon emissions of approximately 17,248,340 kg CO2e, with significant contributions from Scope 3 emissions, particularly from business travel, which accounted for about 15,910,570 kg CO2e. The company's Scope 1 emissions were approximately 389,240 kg CO2e, while Scope 2 emissions totalled about 1,454,630 kg CO2e (market-based). Comparatively, in 2022, Hannover Re's total emissions were about 14,500,150 kg CO2e, indicating an increase in emissions year-on-year. The Scope 1 emissions for 2022 were approximately 510,130 kg CO2e, and Scope 2 emissions were about 1,658,180 kg CO2e (market-based). Despite the increase in emissions, there are currently no publicly disclosed reduction targets or climate pledges from Hannover Re. The company is expected to align with industry standards for climate commitments, but specific initiatives or targets have not been detailed.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 510,130 | 000,000 |
| Scope 2 | 1,658,180 | 0,000,000 |
| Scope 3 | 14,500,150 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hannover Re is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
