Munchener Ruck
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 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 39 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Munchener Ruck's reported carbon emissions
In 2023, Münchener Rück reported total carbon emissions of approximately 3,036,000,000 kg CO2e, with emissions distributed across various scopes: 33,093,000 kg CO2e (Scope 1), 14,249,000 kg CO2e (Scope 2), and a significant 3,039,435,000 kg CO2e (Scope 3). This reflects a continued reliance on Scope 3 emissions, which dominate their overall carbon footprint. Over the years, Münchener Rück has demonstrated a commitment to reducing its carbon emissions. For instance, from 2021 to 2022, the company reduced its total emissions from approximately 3,197,798,000 kg CO2e to about 3,193,798,000 kg CO2e, indicating a slight decrease. However, there are no specific reduction targets or initiatives disclosed in their recent reports, suggesting a need for clearer commitments to future emissions reductions. The company has consistently reported emissions across all three scopes, highlighting the importance of addressing both direct and indirect emissions in their climate strategy. As they continue to navigate the complexities of climate commitments, Münchener Rück's focus on transparency in emissions reporting remains crucial for stakeholders and the broader industry context.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2009 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 65,932,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 117,476,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 33,352,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Munchener Ruck is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
