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Hannover Rueck SE

Common Name
Hannover Rueck
Country
Germany
Sector
Financial Services
Industry
Insurance - Reinsurance
Employees
3,895
Ticker
HNR1
Exchange
XETRA
Description
Hannover Rück SE is a leading global reinsurance company based in Hannover, Germany. Established in 1966, it is recognized as the third-largest reinsurer in the world by gross premium volume, serving ...

Hannover Rueck's GHG Emissions Data Preview

In 2024, Hannover Rueck completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Hannover Rueck has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Hannover Rueck’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hannover Rueck’s data sources below and access millions more through our Disclosure Search.

a. Hannover Rueck's Annual Report 2024
a. Hannover Rueck's Annual Report 2024
b. Hannover Rueck's Sustainability Report 2023
b. Hannover Rueck's Sustainability Report 2023
c. Hannover Rueck's Sustainability Report 2021
c. Hannover Rueck's Sustainability Report 2021

Insights into Hannover Rueck's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofHannover Rueck amounted to31,911.6metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hannover Rueckincreased by 768.77%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

Hannover Rueck's Scope 1 Emissions Over Time

2019202020212023202409001.8 k2.7 k3.6 ktCO2e-16%+561%+146%+788%
  • Total Scope 1
  • Year-over-Year Change

What are Hannover Rueck's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hannover Rueck were 3,456.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Hannover Rueck reduced its Scope 1 emissions over time?

Since 2019, Hannover Rueck's Scope 1 emissions have increased by 12,086.88%, reflecting a rising long-term trend in Scope 1 emissions over time.ac

Compared to the previous year(2023), Hannover Rueck's Scope 1 emissions increased by 787.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Hannover Rueck's Scope 2 emissions?

In 2024, Hannover Rueck reported Scope 2 greenhouse gas (GHG) emissions of 6,044 tCOâ‚‚e using the market-based method and 28,455.4 tCOâ‚‚e using the location-based method.a

Has Hannover Rueck reduced its Scope 2 emissions over time?

Since 2019, Hannover Rueck's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 1,051.37%, reflecting a rising long-term trend in Scope 2 emissions over time.ac

Compared to the previous year(2023), Hannover Rueck's Scope 2 emissions(Location-Based) rose by 766.5% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab

What methodology does Hannover Rueck use for Scope 2 reporting?

In 2024, Hannover Rueck reported its Scope 2 emissions using the market-based method and using the location-based method.a

Hannover Rueck's Scope 2 Emissions Over Time

2019202020212023202407.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hannover Rueck's Value Chain Emissions

In 2024, Hannover Rueck reported 25,186,282.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Hannover Rueck includes a breakdown across 6of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Hannover Rueck's Scope 3 Emissions Over Time

2019202020212023202406.5 M13 M19.5 M26 MtCO2e-78%-30%+1294%+145921%
  • Total Scope 3
  • Year-over-Year Change

What are Hannover Rueck's Scope 3 emissions?

In 2024, Hannover Rueck reported total Scope 3 emissions of 25,186,282.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.04%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.96%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Hannover Rueck reduced its Scope 3 emissions over time?

Since 2019, Hannover Rueck's Scope 3 emissionshave increased by 315,248.07%, reflecting a rising long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2023), Hannover Rueck's Scope 3 emissions increased by 145,921.49%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

What categories of Scope 3 emissions does Hannover Rueck disclose?

In 2024, Hannover Rueck reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Hannover Rueck's Scope 3 emissions?

In 2024, the largest contributors to Hannover Rueck's Scope 3 emissions were:a

  • Investments (Cat. 15): 25,175,816 tCOâ‚‚e(99.96%)
  • Business Travel (Cat. 6): 5,716.4 tCOâ‚‚e(0.02%)
  • Employee Commuting (Cat. 7): 2,498.7 tCOâ‚‚e(0.01%)

Hannover Rueck's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Hannover Rueck’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Hannover Rueck reported Scope 1 greenhouse gas (GHG) emissions of 3,456.2 tCOâ‚‚e and total revenues of USD 2,763 millions. This translates into an emissions intensity of 1.25 tCOâ‚‚e per millions USD.a

Hannover Rueck's Scope 1 Emissions Intensity Compared to Peers

505005,000100,0001,000,000Scope 1 Emissions (tCO2e)505005,00050,000500,000Revenues (Millions of USD)BDGCommerzbankYear: 2024Scope 1: 351,909 tCO2eRevenue: $M 12,864Scope 1 Intensity: 27.36 tCO2e/$MflatexDEGIROYear: 2023Scope 1: 608 tCO2eRevenue: $M 411Scope 1 Intensity: 1.48 tCO2e/$MChina Reinsurance (Group)Year: 2024Scope 1: 10,046 tCO2eRevenue: $M 12,759Scope 1 Intensity: 0.79 tCO2e/$MWuestenrot & WuerttembergischeYear: 2024Scope 1: 15,354 tCO2eRevenue: $M 6,403Scope 1 Intensity: 2.40 tCO2e/$MScorYear: 2024Scope 1: 416 tCO2eRevenue: $M 1,634Scope 1 Intensity: 0.25 tCO2e/$MDWS Group GmbH & CoYear: 2024Scope 1: 762 tCO2eRevenue: $M 4,146Scope 1 Intensity: 0.18 tCO2e/$MAllianzYear: 2024Scope 1: 53,885 tCO2eRevenue: $M 124,387Scope 1 Intensity: 0.43 tCO2e/$MMunich ReYear: 2024Scope 1: 64,353 tCO2eRevenue: $M 44,023Scope 1 Intensity: 1.46 tCO2e/$MRenaissancere HoldingsYear: 2024Scope 1: 92 tCO2eRevenue: $M 11,646Scope 1 Intensity: 0.01 tCO2e/$MProCredit HoldingYear: 2023Scope 1: 1,000 tCO2eRevenue: $M 479Scope 1 Intensity: 2.09 tCO2e/$MDeutsche PfandbriefbankYear: 2023Scope 1: 374 tCO2eRevenue: $M 667Scope 1 Intensity: 0.56 tCO2e/$MSwiss ReYear: 2024Scope 1: 1,728 tCO2eRevenue: $M 7,033Scope 1 Intensity: 0.25 tCO2e/$MBBBlue CapYear: 2024Scope 1: 1,502 tCO2eRevenue: $M 214Scope 1 Intensity: 7.01 tCO2e/$MHypoportYear: 2024Scope 1: 2,078 tCO2eRevenue: $M 583Scope 1 Intensity: 3.56 tCO2e/$MDeutsche BoerseYear: 2024Scope 1: 5,109 tCO2eRevenue: $M 7,309Scope 1 Intensity: 0.70 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MMLPYear: 2023Scope 1: 1,829 tCO2eRevenue: $M 1,070Scope 1 Intensity: 1.71 tCO2e/$MDDDeutsche BankYear: 2024Scope 1: 16,978 tCO2eRevenue: $M 31,267Scope 1 Intensity: 0.54 tCO2e/$MGGGrenkeYear: 2024Scope 1: 2,690 tCO2eRevenue: $M 852Scope 1 Intensity: 3.16 tCO2e/$MCofaceYear: 2024Scope 1: 2,875 tCO2eRevenue: $M 1,716Scope 1 Intensity: 1.68 tCO2e/$MReinsurance Group of AmericaYear: 2024Scope 1: 422 tCO2eRevenue: $M 21,979Scope 1 Intensity: 0.02 tCO2e/$MHannover RueckYear: 2024Scope 1: 3,456 tCO2eRevenue: $M 2,763Scope 1 Intensity: 1.25 tCO2e/$M

How does Hannover Rueck's GHG emissions intensity compare to its peers?

In 2024, Hannover Rueck reported a Scope 1 emissions intensity of 1.25 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.79, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Hannover Rueck rank on GHG emissions intensity within its industry?

In 2024, Hannover Rueck ranked 12 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Hannover Rueck is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Hannover Rueck's Total Carbon Footprint

In 2024, Hannover Rueck reported a total carbon footprint of 25,218,194 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 120,437.1% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Hannover Rueck's total carbon footprint was Scope 3 emissions, accounting for 99.87% of the company's total carbon footprint, followed by Scope 2 emissions at 0.11%.a

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