Hannover RE - 1792 Exchange

Rating Overview

Hannover RE is High Risk.

Hannover RE (Hannover) is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Hannover embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	High Risk
Discriminatory Philanthropy	High Risk
Employment Protection	Medium Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

High

Rationale:

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). However, Hannover RE has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (4).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

High

Rationale:

Hannover RE will not fund “religious organizations” (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

Medium

Rationale:

Hannover RE does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

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, 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 (7)(8).