Hannover Re

Reinsurance
HNR1.DE
€ 145 (1.3)%
Share price
$ 18 bn
Market Cap
$ 21 bn
Enterprise Value

Carbon footprint

0.09 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2020
How is this calculated?
-25%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-10%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -5.1% weighted average for S&P 500
FY2021
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 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.

Company environmental metrics

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