Munchener Ruck Sustainability Profile
Münchener Rückversicherungs-Gesellschaft, commonly known as Münchener Rück or Munich Re, is a leading global reinsurer headquartered in Munich, Germany. Established in 1880, the company has grown to become a pivotal player in the insurance and reinsurance industry, with significant operations across Europe, North America, and Asia. Specialising in property and casualty reinsurance, life and health reinsurance, and primary insurance, Munich Re is renowned for its innovative risk management solutions and extensive expertise. The firm has achieved notable milestones, including its role in pioneering digital transformation within the insurance sector. With a strong market position, Munich Re consistently ranks among the top reinsurers worldwide, recognised for its financial strength and commitment to sustainability.
DitchCarbon Score
How does Munchener Ruck'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
Munchener Ruck's score of 70 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Munchener Ruck's reported carbon emissions
In 2024, Münchener Rück reported total carbon emissions of approximately 7,487,353,000 kg CO2e, with Scope 1 emissions at about 40,561,000 kg CO2e, Scope 2 emissions at approximately 51,111,000 kg CO2e (market-based), and a significant Scope 3 contribution of about 7,284,057,000 kg CO2e. This represents a notable increase from 2023, where total emissions were around 3,086,777,000 kg CO2e, with Scope 1 at about 33,093,000 kg CO2e, Scope 2 at approximately 14,249,000 kg CO2e (market-based), and Scope 3 at about 3,039,435,000 kg CO2e. Münchener Rück has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its operations by 2030 for both Scope 1 and Scope 2 emissions. Additionally, the company targets a 12% reduction in emissions per employee by 2025 compared to 2019 levels. For long-term goals, they aim for net-zero emissions by 2050 across all scopes. The emissions data is sourced from Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, with no cascaded data from a parent organization. The company is actively working towards its climate targets, reflecting a commitment to sustainability in the insurance sector.
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| 2009 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 65,932 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Munchener Ruck's Industry?
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Munchener Ruck's Scope 3 Categories Breakdown
Munchener Ruck's Scope 3 emissions, which increased by 140% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Munchener Ruck'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.
Munchener Ruck has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
