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Name | Symbol | Market | Type |
---|---|---|---|
Hannover Rueckversicherung SE (PK) | USOTC:HVRRY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.11 | 41.11 | 41.11 | 0.00 | 01:00:00 |
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 02:34 ET (06:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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