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MGIC Investment Corporation, commonly known as MGIC, is a leading provider of mortgage insurance and related services, headquartered in the United States. Founded in 1957, the company has established itself as a key player in the insurance and pension funding services industry, specifically focusing on private mortgage insurance (PMI) to facilitate homeownership.
With a strong presence across major operational regions in the US, MGIC offers unique products that help lenders manage risk while enabling borrowers to secure financing with lower down payments. The company is recognised for its innovative solutions and commitment to customer service, positioning itself as a trusted partner in the mortgage industry. Notable achievements include a robust market position and a history of financial stability, making MGIC a cornerstone in the realm of mortgage insurance.
29
DitchCarbon score
-10 vs industry average
MGIC Investment Corporation’s score of 29 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2024
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
MGIC Investment Corporation's reported carbon emissions
MGIC Investment Corporation reported Scope 1 emissions of 662,000 kg CO2e and Scope 2 (market-based) emissions of 3,022,000 kg CO2e for 2021. The total Scope 1 and 2 market-based emissions for the same year were 3,527,000 kg CO2e. There is no disclosed Scope 3 emissions data for MGIC Investment Corporation.
MGIC Investment Corporation, which is based in the US and operates in the insurance and pension funding services industry, has set near-term Science Based Targets initiative (SBTi) commitments. These targets, cascaded from MTG Co., Ltd. through a corporate family relationship, include a commitment to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42.0% by fiscal year 2030 from a fiscal year 2023 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions by 25.0% within the same timeframe. These Scope 1 and 2 targets align with reductions required to limit global warming to 1.5°C.
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MGIC Investment Corporation’s Climate Goals (2030 & 2050)
3 goals2030
42% reduction in Scope 1
MTG Co., Ltd. commits to reduce absolute scope 1 GHG emissions 42.0% by FY2030 from a FY2023 base year.
Insufficient data42%
2030
42% reduction in Scope 2
MTG Co., Ltd. commits to reduce absolute scope 2 GHG emissions 42.0% by FY2030 from a FY2023 base year.
Insufficient data42%
2030
25% reduction in scope 3 total
MTG Co., Ltd. commits to reduce absolute scope 3 GHG emissions 25.0% by FY2030 from a FY2023 base year.
Insufficient data25%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
FY2030 targetSee details
Active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
MGIC Investment Corporation4 days ago
29
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Frequently asked questions
Common questions about MGIC Investment Corporation’s sustainability data and climate commitments
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