Munchener Ruck

Munich Re, a German-based insurance and pension funding services provider, reported total global carbon emissions of approximately 5.97 billion kg CO2e in 2025. This includes Scope 1 emissions of 59.64 million kg CO2e, Scope 2 market-based emissions of 87.66 million kg CO2e, and Scope 3 emissions of around 5.82 billion kg CO2e. The vast majority of Scope 3 emissions, approximately 5.80 billion kg CO2e, were attributed to investments, with business travel accounting for 25.09 million kg CO2e.

Looking back, in 2024, Munich Re's total global emissions were higher at approximately 7.49 billion kg CO2e. This comprised Scope 1 emissions of 64.35 million kg CO2e, Scope 2 market-based emissions of 112.66 million kg CO2e, and Scope 3 emissions of about 7.31 billion kg CO2e.

Munich Re has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions in its business operations (Scope 1 and 2) by 2030. Furthermore, the company targets net-zero emissions across all scopes, including its insurance business and investment portfolio, by 2050. As a near-term intensity target, Munich Re plans to reduce GHG emissions from its own operations by 12% per employee by 2025, compared to a 2019 baseline. The company also aims for a 35% reduction in the CO2 footprint from its insurance business from FY 2019 to FY 2025.