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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.
62
DitchCarbon score
+23 vs industry average
Hannover Re’s score of 62 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
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
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)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hannover Re4 months ago
62
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