Munchener Ruck

Munich Re, a German-based insurance and pension funding services company, reported total GHG emissions of approximately 5.97 billion kg CO2e in 2025. This includes about 59.6 million kg CO2e from Scope 1 emissions, 87.7 million kg CO2e from Scope 2 market-based emissions, and 5.82 billion kg CO2e from Scope 3 emissions. The Scope 3 figure notably includes approximately 5.80 billion kg CO2e from investments and 25.1 million kg CO2e from business travel.

In 2024, Munich Re's total emissions were approximately 7.49 billion kg CO2e, comprising around 64.4 million kg CO2e from Scope 1, 112.7 million kg CO2e from Scope 2 market-based emissions, and 7.31 billion kg CO2e from Scope 3 emissions. The significant Scope 3 contributions included approximately 7.28 billion kg CO2e from investments and 23.2 million kg CO2e from business travel.

Munich Re is committed to achieving net-zero GHG emissions across its business operations by 2030 for Scope 1 and Scope 2. For all scopes, the company aims for net-zero emissions by 2050, specifically targeting its insurance business and investment portfolio. The company also has a near-term intensity target to reduce Scope 1 and Scope 2 emissions by 12% per employee by 2025, compared to a 2019 baseline. Additionally, the company aims to reduce absolute greenhouse gas emissions in its investment portfolio related to listed equities, corporates, and real estate by 25-29% by 2025, with a longer-term goal of net-zero by 2050 for these investment categories.