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Hannover Re Sets Sustainability Targets for Operations, Investments

Dow Jones Newswires ·  Oct 13, 2021 02:24

*DJ Hannover Re Commits to Net Zero Targets in Reinsurance, Investments, Business Operations

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October 13, 2021 02:03 ET (06:03 GMT)

*DJ Hannover Re: Targets in Line With Paris Agreement on Climate Change

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October 13, 2021 02:03 ET (06:03 GMT)

*DJ Hannover Re: Net Zero Target Is by 2050

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October 13, 2021 02:04 ET (06:04 GMT)

*DJ Hannover Re: 30% Reduction in Carbon Intensity of Investments by 2025

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October 13, 2021 02:05 ET (06:05 GMT)

*DJ Hannover Re Joins Net-Zero Insurance Alliance

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October 13, 2021 02:07 ET (06:07 GMT)

DJ Hannover Re Sets Sustainability Targets for Operations, Investments

By Cristina Roca

Hannover Rueck SE said Wednesday that it is committing to reaching net zero emissions by 2030 in its business operations and by 2050 in its reinsurance portfolio and investments.

The targets are in line with the Paris Agreement aimed at limiting the extent of global warming, the company said.

The German reinsurer said it will actively participate in developing methods to measure the emissions of reinsured customer portfolios in its property and casualty business.

It will also aim to decarbonize its investments. Its first target in this respect is reducing the carbon intensity of the corporate bonds, covered bonds and equities it invests in by 2025, compared with 2019, Hannover said.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

October 13, 2021 02:19 ET (06:19 GMT)

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