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.
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 17 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Mgic's reported carbon emissions
In 2021, Mgic reported total carbon emissions of approximately 3,685,000 kg CO2e, which includes both Scope 1 and Scope 2 emissions. Specifically, Scope 1 emissions accounted for about 662,000 kg CO2e, with mobile combustion contributing approximately 386,000 kg CO2e and stationary combustion about 117,000 kg CO2e. Scope 2 emissions were significantly higher, totalling around 3,022,000 kg CO2e from purchased electricity and 984,000 kg CO2e from purchased steam. Despite these figures, Mgic has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or science-based targets suggests that while Mgic is aware of its emissions, it may not yet have formalised a comprehensive strategy for climate action. As the company continues to operate within the insurance industry, it is essential for Mgic to consider establishing measurable climate commitments to align with global sustainability goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | |
|---|---|
| Scope 1 | 662,000 |
| Scope 2 | 3,022,000 |
| Scope 3 | - |
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.
Mgic 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.
