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| Overall Assessment |
Comment |
Score |
| Moderate |
Hannover Rück provides clear detail on its climate lobbying approach, outlining its engagement mechanisms and desired outcomes but not naming specific legislative measures. It describes its “coordinated collaboration with supervisory authorities and political decision-makers” overseen by the Chief Risk Officer and supported by a dedicated regulatory affairs and risk reporting team, discloses its registration in the European Transparency Register and the German Lobby Register, and notes indirect lobbying through industry platforms such as the Global Reinsurance Forum and Insurance Europe. The company identifies its policy engagement areas—contributing to discussions on “new and updated regulatory requirements,” advocating the “convergence of global regulatory practices,” and promoting “open access to international reinsurance markets”—while remaining general about the exact statutes involved. It is explicit about the outcomes it seeks, including ensuring requirements reflect an “economic and risk-based assessment of risks,” fostering open market access to support robust insurance markets, and endorsing “simple, effective governance structures” aligned with its business model.
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| Overall Assessment |
Comment |
Score |
| Moderate |
Hannover Rueck SE demonstrates a moderate level of governance in its lobbying activities, with some processes and oversight mechanisms disclosed. The company states that it "coordinates its lobbying activities on a global level to ensure consistency of messages and goals," which indicates an effort to align its advocacy with its broader objectives. Furthermore, the governance of lobbying activities is overseen by the Chief Risk Officer (CRO), who delegates specific tasks to the team for regulatory affairs and risk reporting, as well as to CROs of subsidiaries and legal entities. This provides evidence of a named individual responsible for oversight. However, while the company emphasizes transparency and compliance with laws, such as its registration in the European Transparency Register and the German Lobby Register, these disclosures primarily focus on legal compliance and cost reporting rather than detailing how lobbying alignment with climate goals is actively monitored or enforced. Additionally, while Hannover Rueck SE commits to achieving net-zero emissions and supports the Paris Agreement, there is no explicit mention of how its lobbying activities—both direct and indirect—are systematically aligned with these climate commitments. The evidence does not describe a specific process for reviewing or managing lobbying alignment with climate-related goals, nor does it provide details on actions taken to address misalignment in trade associations or industry bodies. This indicates that while some governance elements are present, the framework lacks comprehensive monitoring and alignment mechanisms specific to climate lobbying.
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