Engagement in initiatives

As part of the "Climate Alliance Hannover" initiative we have undertaken by 2020 to emit 40% less harmful greenhouse gases than in 1990. Under the "Climate Alliance" Hannover Re additionally participates in the Business Strategy Group of the "Master Plan 2050 for the City and Region of Hannover, 100% for Climate Protection".

Since 2007 Hannover Re has also taken part in the "Ecological Project for Integrated Environmental Technology" (Ecoprofit) of the Greater Hannover region. The underlying idea of the project is the connection between economic gain and ecological benefit through preventive environmental protection. The participating companies are regularly involved in work on specific topics such as "Ecoprofit in the Urban Development Process" and "Current Changes in Energy Management". The energy-saving successes already achieved are regularly publicised in the relevant project publications.

In 2015, as in the previous years, Hannover Re participated in the survey conducted by the CDP (formerly "Carbon Disclosure Project"). Information related to climate change is published here with a special orientation towards the capital market. In 2015 we reached a score of 91 and a performance level of “C”, thereby once again improving on. With this result we improved our result again compared to the previous year. In 2016 we shall again participate in the CDP survey.

Hannover Re is also a member of the "Ruschlikon e-administration in (Re)insurance" initiative of the Association for Cooperative Operation Research and Development (ACORD). ACORD is a global non-profit organisation working to improve data quality and information exchange standards for the (re)insurance industry and related financial services providers. Among other things, its system makes possible the paperless editing of official documents. In the first quarter of 2016 alone, for example, Hannover Re electronically processed 7,800 loss advices and altogether 35,000 attachments through this channel. It is envisaged that the interface will also be rolled out with other large brokers and business partners, which will ultimately mean that some 70% of loss advices and posting transactions will be processed purely electronically.

Our subsidiary E+S Rück has published detailed analyses of approaches to biodiversity damage in its "Schriftenreihe" series of publications (issue numbers 14 and 15). The studies show that even slight impairments of biodiversity can give rise to considerable environmental damage. Our goal is to inform about these risks and raise awareness of them. As we see it, it is the responsibility of society as a whole to identify biodiversity risks as quickly as possible, recognise them as such and eliminate them.

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