Hannover RE

Hanover Insurance Group
Germany
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

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 does not provide viewpoint protections for its employees but has not publicly canceled business relationships based on views or beliefs. The company discriminates against religious organizations in its charitable giving. Hannover RE's CEO, Peter R. Schaefer signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. Hanover Insurance Group’s CEO, John C. Roche, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. However, the company has not used its corporate funds or political contributions for ideological purposes. For these reasons, Hannover RE receives a High Risk rating.

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