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