Public Profile

Mgic

Mgic, officially known as Mortgage Guaranty Insurance Corporation, is a leading provider of mortgage insurance headquartered in the United States. Founded in 1957, the company has established a strong presence across various regions, primarily serving the residential mortgage market. Specialising in mortgage insurance solutions, Mgic offers unique products that help lenders manage risk while enabling homeownership for borrowers. The company is recognised for its innovative approach and commitment to customer service, which has solidified its position as a trusted partner in the industry. With a history of significant milestones, Mgic continues to be a key player in the mortgage insurance sector, contributing to the stability and growth of the housing market. Its dedication to quality and reliability has earned it a notable reputation among lenders and homeowners alike.

DitchCarbon Score

How does Mgic'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.

23

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.

27

Industry Benchmark

Mgic's score of 23 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

20%

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Mgic's reported carbon emissions

In 2021, Mgic reported total carbon emissions of approximately 3,527,000 kg CO2e, which includes 662,000 kg CO2e from Scope 1 emissions and 2,302,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions breakdown shows 386,000 kg CO2e from mobile combustion and 117,000 kg CO2e from stationary combustion. For Scope 2, the total market-based emissions reached about 3,022,000 kg CO2e, while the location-based total was approximately 1,881,000 kg CO2e. Despite these figures, Mgic has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of Scope 3 emissions data indicates a potential area for future reporting and commitment. As a company headquartered in the US, Mgic's climate commitments and strategies will be crucial in aligning with global sustainability goals and addressing the pressing issue of climate change.

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2021
Scope 1
662,000
Scope 2
3,022,000
Scope 3
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Mgic's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Mgic is in US, which has a low grid carbon intensity relative to other regions.

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.

Mgic is not participating in any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers