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 2023, 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 4 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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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Hannover Rueck's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hannover Rueck amounted to 3,673.18 metric 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).

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Hannover Rueck increased by 45.92%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Hannover Rueck's Scope 1 Emissions Over Time

201820192020202120230100200300400tCO2e-19%-16%+561%+146%
  • Total Scope 1
  • Year-over-Year Change

What are Hannover Rueck's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hannover Rueck were 389.24 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Hannover Rueck reduced its Scope 1 emissions over time?

Since 2018, Hannover Rueck's Scope 1 emissions have increased by 1,018.51%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2021), Hannover Rueck's Scope 1 emissions increased by 146.11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Hannover Rueck's Scope 2 emissions?

In 2023, Hannover Rueck reported Scope 2 greenhouse gas (GHG) emissions of 1,454.63 tCOâ‚‚e using the market-based method, and 3,283.94 tCOâ‚‚e using the location-based method.

Has Hannover Rueck reduced its Scope 2 emissions over time?

Since 2018, Hannover Rueck's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 19.11%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2021), Hannover Rueck's Scope 2 emissions (Location-Based) rose by 39.21% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Hannover Rueck use for Scope 2 reporting?

In 2023, Hannover Rueck reported its Scope 2 emissions using the market-based method and using the location-based method.

Hannover Rueck's Scope 2 Emissions Over Time

2018201920202021202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hannover Rueck's Value Chain Emissions

In 2023, Hannover Rueck reported 17,248.34 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Hannover Rueck includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Hannover Rueck's Scope 3 Emissions Over Time

2018201920202021202304.5 k9 k13.5 k18 ktCO2e-1%-78%-30%+1294%
  • Total Scope 3
  • Year-over-Year Change

What are Hannover Rueck's Scope 3 emissions?

In 2023, Hannover Rueck reported total Scope 3 emissions of 17,248.34 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 99.6% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.4% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Hannover Rueck reduced its Scope 3 emissions over time?

Since 2018, Hannover Rueck's Scope 3 emissions have increased by 113.24%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2021), Hannover Rueck's Scope 3 emissions increased by 1,294.39%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Hannover Rueck disclose?

In 2023, Hannover Rueck reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

In 2023, the largest contributors to Hannover Rueck's Scope 3 emissions were:

  • Business Travel (Cat. 6): 15,910.57 tCOâ‚‚e (92.24%)
  • Employee Commuting (Cat. 7): 743.3 tCOâ‚‚e (4.31%)
  • Fuel- and Energy-Related Services (Cat. 3): 525.78 tCOâ‚‚e (3.05%)

Hannover Rueck's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(3.0%)Business Travel(Cat. 6)(92.2%)Employee Commuting(Cat. 7)(4.3%)

Insights into Hannover Rueck's Total Carbon Footprint

In 2023, Hannover Rueck reported a total carbon footprint of 20,921.52 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 457.29% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Hannover Rueck's total carbon footprint was Scope 3 emissions, accounting for 82.44% of the company's total carbon footprint, followed by Scope 2 emissions at 15.7%.

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