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 64 is higher than 98% 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 2024, Munich Re reported total carbon emissions of approximately 7,487,353,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 64,353,000 kg CO2e, while Scope 2 emissions totalled approximately 133,821,000 kg CO2e (market-based). The majority of emissions stemmed from Scope 3, amounting to around 7,310,344,000 kg CO2e, primarily from investments. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions in its operations by 2030 for both Scope 1 and Scope 2 emissions. Additionally, Munich Re plans to achieve net-zero emissions across all scopes by 2050. In the near term, they target a 12% reduction in emissions per employee by 2025 compared to 2019 levels. In previous years, emissions have shown fluctuations, with 2023 emissions recorded at approximately 3,039,435,000 kg CO2e for Scope 3, alongside Scope 1 emissions of about 33,093,000 kg CO2e and Scope 2 emissions of approximately 14,249,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, with a historical reduction of 35% in carbon emissions per employee from 2009 to 2020, while maintaining carbon neutrality. Overall, Munich Re's proactive approach to climate action reflects its dedication to sustainability and reducing its environmental impact.
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| 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 58,929 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 32,012 | 00,000 | 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 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.
