Munchener Ruck
Münchener Rückversicherungs-Gesellschaft, commonly known as Münchener Rück or Munich Re, is a leading global reinsurer headquartered in Munich, Germany. Established in 1880, the company has grown to become a pivotal player in the insurance and reinsurance industry, with significant operations across Europe, North America, and Asia. Specialising in property and casualty reinsurance, life and health reinsurance, and primary insurance, Munich Re is renowned for its innovative risk management solutions and extensive expertise. The firm has achieved notable milestones, including its role in pioneering digital transformation within the insurance sector. With a strong market position, Munich Re consistently ranks among the top reinsurers worldwide, recognised for its financial strength and commitment to sustainability.
DitchCarbon Score
How does Munchener Ruck's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Munchener Ruck's score of 56 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Munchener Ruck's reported carbon emissions
In 2023, Münchener Rück reported total carbon emissions of approximately 3,039,435,000 kg CO2e. This figure includes 33,093,000 kg CO2e from Scope 1 emissions, 14,249,000 kg CO2e from Scope 2 emissions (market-based), and 3,039,435,000 kg CO2e from Scope 3 emissions. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. In 2022, the total emissions were about 3,192,798,000 kg CO2e, with Scope 1 emissions at 43,664,000 kg CO2e, Scope 2 emissions at 18,310,000 kg CO2e (market-based), and Scope 3 emissions significantly higher at approximately 3,130,824,000 kg CO2e. This indicates a slight decrease in total emissions from 2022 to 2023. Münchener Rück has consistently reported emissions across all three scopes, demonstrating transparency in its climate impact. However, the absence of specific reduction targets or initiatives suggests that while the company is aware of its emissions, it may not yet have formalised a comprehensive strategy for significant reductions. The company continues to monitor and report its emissions, aligning with industry standards for climate accountability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 44,023,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 27,226,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 34,363,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Munchener Ruck is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
