Hannover Re

Reinsurance

HNR1.DE

€ 235 0.73

Share price

$ 31 bn

Market Cap

$ 32 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -9.3% weighted average for S&P 500

FY2022

Hannover Re aims to achieve net zero for Scope 1 + 2 by 2030

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Hannover Re reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2.5 Kt (+0.63/+34% y-o-y). Carbon intensity also remained unchnaged at 0.1 t.

Hannover Re's Scope 3 emissions decreased to 1.2 Kt (-0.53 /-30.2% y-o-y). This is a higher rate of decline than over the period since 4Q'15 (-23.8% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -0.28 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	2.5	0.16	2.4	1.2	30,962	0.1
2020Q4	1.9	0.02	1.9	1.8	26,986	0.1
2019Q4	2.5	0.03	2.5	8	24,154	0.1
2018Q4	4.1	0.03	4.1	8.1	22,250	0.2
2017Q4	5.3	0.04	5.3	8
2016Q4	5.5	0.04	5.4	8.1
2015Q4		0		8.3
2014Q4		0		7.5

Hannover Re

Carbon footprint

Primary Climate Goal

Hannover Re aims to achieve net zero for Scope 1 + 2 by 2030

GHG emissions and Carbon intensity

Hannover Re's carbon footprint

Company environmental metrics