Sustainability

Global decarbonisation is one of the defining challenges of the coming decades. Hannover Re seeks to support the transition towards a carbon-neutral economy by 2050. High-quality data and greater transparency are essential for effective steering and decision-making. In our facultative division, we have established a thermal coal phase-out plan with clearly defined milestones to support the gradual reduction of greenhouse gas emission intensity.

As a pure-play reinsurer, we rely on close cooperation with our business partners to increase transparency and deepen our understanding of climate-related risks and opportunities. Therefore, we actively engage with our cedants and brokers. By the end of 2026, we aim to have contacted at least 100 clients to address their climate ambitions and strategic positioning, helping us better understand and support their transition journeys.

We recognise the global transition towards a more sustainable economy as a significant transformation. Therefore, we identify and pursue profitable business opportunities that support our clients and contribute to the broader transition. At the same time, we seek to fulfil our role as a financial shock absorber, helping societies manage risks and strengthen resilience.