Mgic Sustainability Profile
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.
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
Mgic's score of 25 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Mgic's reported carbon emissions
In 2022, MGIC reported total carbon emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 and 282,600 kg CO2e from Scope 2 emissions. This data reflects a significant reduction from 2021, where Scope 1 emissions alone were reported at about 533,000,000 kg CO2e. Despite these figures, MGIC has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets through initiatives such as the Science Based Targets initiative (SBTi). The company has not outlined any formal climate pledges or reduction initiatives in their available documentation. As MGIC is headquartered in the US, their emissions data is crucial for understanding their environmental impact and commitment to climate action. The absence of cascaded data indicates that these figures are solely from MGIC, without influence from a parent or related organisation.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Mgic's Industry?
How Carbon Intensive is Mgic's Location?
Mgic's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mgic has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
