Hannover Re

Reinsurance

HNR1.DE

€ 145 (1.3)%

Share price

$ 18 bn

Market Cap

$ 21 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0x the weighted average for S&P 500

FY2020

Primary Climate Goal

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

Stronger than the -5.1% weighted average for S&P 500

FY2021

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 2020 at 1.9 Kt (-0.62 /-24.7% y-o-y). At the same time, carbon intensity remained flat at 0.1 t.

Hannover Re's Scope 3 emissions tumbled to 1.8 Kt (-6.2 /-77.8% y-o-y). This is a higher rate of decline than over the period since 4Q'15 (-22.7% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -0.19 Kt per annum over the period of FY2021 - 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)
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