HDI Global and Hannover Re achieve encouraging scores in sustainability rankings. Progress on sustainability within the Talanx Group positively reflected in latest rankings.
The Talanx Group, which includes Hannover Re and HDI Global, comes out of the current ranking released by the NGO network "Insure Our Future" in an encouragingly positive light. In its latest study the non-governmental organisation looked at 30 leading insurers and their policies on fossil fuels – which include not only coal but also oil, gas and oil sands. Hannover Re ranked third and HDI Global ninth among 20 companies. Writing in a piece published in Versicherungsmonitor and the Frankfurter Allgemeine Zeitung, the authors of the study highlight the fact that we stepped up our commitment in 2020.
"We are continuously refining not only our investment criteria but also our underwriting policy, and in so doing we pay increasingly close attention to sustainability considerations. Just as an example, we have already decided to withdraw completely from coal-based risks by the year 2038", noted HDI Global CEO and Talanx Board member Dr Edgar Puls, adding: "The fact that we are listed as a leading insurer in the study '2020 Scorecard on Insurance, Fossil Fuels and Climate Change' is a pleasing achievement – and confirms that we are on the right track with the direction we have taken and with our current strategic orientation in this major area of concern."
The Talanx Group also featured in the top 10 in the Stern sustainability ranking "The 200 most sustainable companies in Germany". The findings were based on an analysis of 2000 businesses and a survey of 13,000 citizens. Achieving an index score of 86.5, the Talanx Group took an outstanding sixth place among the top 200. Stern ranked Allianz as the most sustainable company. For the purposes of the study, more than 30 key indicators were analysed based on current sustainability and annual reports. They ranged from greenhouse gas emissions to the proportion of women in management positions and compliance with the German Corporate Governance Code. The data analysis was complemented by a survey conducted through an online panel among 13,000 citizens exploring the sustainability perception of the companies in the three categories.