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 41 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Munchener Ruck's reported carbon emissions
In 2023, Münchener Rück reported total carbon emissions of approximately 3,039,435,000 kg CO2e, with emissions distributed across various scopes: 33,093,000 kg CO2e from Scope 1, 14,249,000 kg CO2e from Scope 2, and a significant 3,003,943,500 kg CO2e from Scope 3. This marks a notable decrease from previous years, reflecting ongoing efforts to manage and reduce their carbon footprint. Over the years, Münchener Rück has demonstrated a commitment to sustainability, with emissions in 2022 totalling approximately 3,192,798,000 kg CO2e, which included 43,664,000 kg CO2e from Scope 1 and 18,310,000 kg CO2e from Scope 2. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for future commitment. The company has consistently reported emissions across all three scopes, highlighting the importance of addressing both direct and indirect emissions in their climate strategy. As they continue to refine their approach, Münchener Rück's focus on transparency and accountability in emissions reporting remains crucial in the context of global climate commitments.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2009 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 65,932,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 117,476,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 33,352,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 not committed to any reduction initiatives 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.
