Sustainability Data Hub
Hannover Re
Offers reinsurance solutions for life, health, and property/casualty risks.
1966
Germany
1,001 - 5,000 employees
Insurance
$10B+ in revenue
$1B - 10B in profitability
Sustainability Ranking
#591
OverallⓈThis is a simple, transparent and data-based ranking measuring the overall sustainability performance of a company. It takes into account the following factors:- Carbon emissions intensity (normalized by industry)
- Share of renewable electricity consumption (normalized by industry)
- Sustainability maturity
- Intent to leverage sustainability solutions
- Sustainability accreditations and certifications
The ranking takes into account all companies in illuminem's database. It leverages publicly available data as well as responses from the brief illuminem survey (please fill it out here for your company).
#47
in GermanyⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same geography, based on its headquarters location, within Illuminem's database.(Source: illuminem)
#17
in InsuranceⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same industry within Illuminem's database.(Source: illuminem)
Sustainability MaturityⓈMaturity gauges how far along a company is on its sustainability journey. It takes into account various factors such as:
- Breadth and depth of sustainability strategy
- Investment in sustainability
- External stakeholder engagement on sustainability topics
- Disclosure, awareness and management of environmental performance
- Sustainability certifications, awards and memberships
The maturity rank is based on a company's overall maturity score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher maturity result in a higher rank.
Companies at the early stage of their sustainability journey are usually just starting to recognize the importance of sustainability. Their goals are often compliance-driven, cost-saving, or reputation-based, rather than deeply integrated into their core business strategy. Example solutions include services to comply with regulations, compliance software, consulting services, energy management & efficiency to reduce cost, certifications etc.
Companies with high sustainability maturity have deeply integrated sustainability into their core strategy and view it as a competitive advantage. Sustainability is not just a compliance requirement but a business driver that aligns with long-term value creation. Example solutions include insetting & supply chain services, carbon neutrality solutions, circular economy models, innovations in sustainable products and services etc.
(Source: illuminem)
0%
Industry Rank
28 out of 103
Sustainability IntentⓈIntent evaluates a company's propensity to buy sustainability products and services in the near future. It takes into account various factors such as:- Expressed intent by relevant company employees to buy sustainability solutions (reported directly to illuminem)
- Previous company activity in buying relevant solutions (reported to illuminem or aggregated from global registries)
- News or public reports by the company signaling interest to buy relevant solutions
- Intensity and progress against sustainability targets or pledges (reported publicly by the company)
- Level of pressure on sustainability performance from relevant stakeholders (as reported by the company or estimated based on industry/geography)
The intent rank is based on a company's overall intent score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher intent results in a higher rank.
(Source: illuminem)
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Carbon emissions
Electricity consumption
Carbon certificate projects
Targets
Other sustainability metrics
Carbon emissions
Reveal data for 1 credits
3.7KⓈCompany sustainability report2023
Industry rank: 4 out of 103ⓈThe carbon emissions rank is based on a company's CO2 equivalent Scope 1 and 2 greenhouse gas emissions compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher emissions result in a lower rank.
Total CO2 emissions
(CO2e tons)
Industry rank: 4 out of 103ⓈThe carbon emissions rank is based on a company's CO2 equivalent Scope 1 and 2 greenhouse gas emissions compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher emissions result in a lower rank.
Company actuals (net of offset)
Industry Benchmark
(adj. for company revenues)
20B/MⓈThe carbon emissions benchmark value represents the average carbon intensity (revenue-based) of all other companies in the same industry (with over 50 companies) in Illuminem's database, adjusted for the revenue of the selected company.
illustrative
Carbon certificate projects
Reveal data for 3 credits
| Subsector | Country | Transaction date ⓘ | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2022 | 2023 | 2024 | 2025 | Total | ||
| ******* | ******* | - | ******* | ******* | - | - | ******* |
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Targets
| Target | Year | Value | Scope | Baseline |
|---|---|---|---|---|
| Interim emissions reductionⓈCompany sustainability report | 2025 | 30% | 1&2 (corporate bonds, covered bonds, and equities) | 2019 |
| Interim emissions reductionⓈCompany sustainability report | 2025 | 25% | - | 2019 |
Progress against targets ⓈCompany sustainability report
Hannover Re has achieved several environmental goals by 2023, including supporting the Paris Agreement's climate goals, promoting actuarial methods for climate risk assessment, and reducing greenhouse gas emissions at the Hannover location by 25% per employee from a 2019 baseline. The company has also increased transparency around greenhouse gas emissions at worldwide locations and achieved a 30% reduction target in the carbon footprint of its asset portfolio by 2025. However, the progress description lacks specific quantitative details on reductions across all emission scopes (Scope 1, 2, and 3) and does not provide a comprehensive update on a net zero target.
Other sustainability metrics
Reveal data for 1 credits
| Category | Description | Metric | Year | ||
|---|---|---|---|---|---|
| Social | Share of female employees | % | |||
Sustainability employees
4-6
ⓈThis value represents the estimated number of employees in a company with sustainability-related roles or job titles, as determined by Illuminem using publicly available data.Svenja S.
Sustainability OfficerSustainability contactsⓘWe follow the strictest rules to ensure compliance with all the relevant data protection laws, including GDPR. Click here for our Privacy Policy.
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