Hannover Re

Reinsurance
HNR1.DE
€ 155 (1.3)%
Share price
$ 18 bn
Market Cap
$ 21 bn
Enterprise Value

Carbon footprint

0.12 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2021
How is this calculated?
+34%
YOY change in GHG emissions
Stronger than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

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
Hannover Re's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Hannover Re's GHG emissions (location-based) (Kt of CO2e)
Hannover Re's Carbon intensity (Tons per 1 USDm)

Hannover Re's carbon footprint

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.

Company environmental metrics

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