Hannover RE
Corprate Bias Ratings
Risk Level:
Summary:
Hannover RE (Hannover), which is a reinsurance company, has divested from various industries including thermal coal, "controversial weapons," and Arctic energy exploration. As a member of the United Nations Global Compact (UNGC), Hannover aims to decarbonize its liquid investment portfolio by 2030 and will not invest in companies/industries that violate UNGC. Hannover vets vendors according to LGBTQ policies and does not protect its employees against viewpoint discrimination. The company discriminates against religious organizations in its charitable giving but has not lobbied for ideological purposes. For these reasons, Hannover RE receives a High Risk rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
Hannover RE has committed to decarbonizing its liquid investment portfolio by 2030 (1)(2). The firm has also divested from several industries including: controversial weapons, thermal coal, oilsands, energy exploration in the Arctic, or anything that violates the United Nations Global Compact (UNGC) (3). Hannover RE has a written policy pledging to vet vendors for LGBTQ policies. Its Code of Conduct applies to all suppliers and includes a commitment to not discriminate on the basis of sexual orientation (4).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Hannover RE does not fund “religious organizations” (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Hannover RE does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Hannover RE aligns itself with the Sustainable Development Goals of the United Nations, which includes a commitment to net zero carbon emissions by 2050 (1)(2)(3)(4)(5). The company withdrew its membership from the Net Zero Insurance Alliance, but is still committed to carbon neutrality by 2050 (6). Hannover RE’s CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (7).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
All links were last accessed and all information was updated on:
September 29, 2023
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