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Public Profile
Insurance Services
US
updated 8 months ago

Mortgage Guaranty Insurance Corporation Sustainability Profile

Company website

Mortgage Guaranty Insurance Corporation (MGIC) is a leading provider of mortgage insurance in the United States, headquartered in Milwaukee, Wisconsin. Founded in 1957, MGIC has established itself as a key player in the mortgage finance industry, offering innovative solutions that facilitate homeownership for millions of Americans. The company primarily focuses on mortgage insurance, which protects lenders against borrower default, thereby enabling them to offer loans to a broader range of customers. MGIC's unique approach includes a variety of flexible products tailored to meet the needs of both lenders and borrowers, enhancing accessibility to home financing. With a strong market position, MGIC has achieved notable milestones, including being one of the first companies to offer private mortgage insurance. Its commitment to quality service and risk management has solidified its reputation as a trusted partner in the mortgage industry.

DitchCarbon Score

How does Mortgage Guaranty Insurance Corporation'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.

25

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.

31

Industry Benchmark

Mortgage Guaranty Insurance Corporation's score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.

43%

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Mortgage Guaranty Insurance Corporation's reported carbon emissions

Mortgage Guaranty Insurance Corporation (MGIC), headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of MGIC Investment Corporation, which may influence its climate-related initiatives and reporting. As of now, MGIC has not established any documented reduction targets or commitments to the Science Based Targets initiative (SBTi). Additionally, there are no climate pledges or significant reduction initiatives reported. The lack of emissions data and formal commitments suggests that MGIC is still in the early stages of developing a comprehensive climate strategy. In the context of the insurance industry, many companies are increasingly focusing on sustainability and carbon reduction. However, without specific data or targets, MGIC's current position on climate commitments remains unclear.

How Carbon Intensive is Mortgage Guaranty Insurance Corporation's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Mortgage Guaranty Insurance Corporation'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.

How Carbon Intensive is Mortgage Guaranty Insurance Corporation's Location?

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 Mortgage Guaranty Insurance Corporation is in US, which has a low grid carbon intensity relative to other regions.

Mortgage Guaranty Insurance Corporation'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.

Mortgage Guaranty Insurance Corporation 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.

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

Compare Mortgage Guaranty Insurance Corporation's Emissions with Industry Peers

Arch U.S. MI Holdings Inc.

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 23 days ago

United Guaranty Mortgage Indemnity Company

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 18 days ago

Essent Guaranty, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 19 days ago

NMI Holdings, Inc.

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 9 days ago

Essent Group Ltd.

BM
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 4 days ago

Enact Holdings Inc

US
•
Services auxiliary to financial intermediation (67)
Updated 4 days ago

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Where does DitchCarbon data come from?

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

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