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 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 48 is higher than 97% 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 3,039,435,000 kg CO2e, with emissions distributed across various scopes: 33,093,000 kg CO2e from Scope 1, 14,249,000 kg CO2e from Scope 2, and a significant 3,039,435,000 kg CO2e from Scope 3. This reflects a continued focus on understanding and managing their carbon footprint, particularly in Scope 3, which often represents the largest share of emissions for companies in the insurance sector. Over the years, Münchener Rück has demonstrated a commitment to reducing its carbon emissions. For instance, in 2021, the company reported total emissions of approximately 4,037,088,000 kg CO2e, indicating a reduction in emissions by about 997,653,000 kg CO2e by 2023. However, specific reduction targets or initiatives have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) reduction targets available. The company has consistently reported emissions across all three scopes, highlighting its transparency in climate reporting. As part of its ongoing efforts, Münchener Rück continues to evaluate its emissions and explore strategies for further reductions, particularly in Scope 3, which encompasses emissions from the supply chain and other indirect sources.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
