Munchener Ruck

Munchener Ruck's reported carbon emissions

Munchener Ruck, an insurance and pension funding services provider (industry code 66) headquartered in Germany, reported a total of approximately 7.49 billion kg CO2e in 2024. This figure comprises approximately 64.35 million kg CO2e for Scope 1 emissions, approximately 112.66 million kg CO2e for Scope 2 (market-based), and approximately 7.31 billion kg CO2e for Scope 3 emissions. Scope 3 emissions in 2024 were largely driven by investments, accounting for approximately 7.28 billion kg CO2e, with business travel contributing about 23.20 million kg CO2e. For 2025, Munchener Ruck projected total emissions of approximately 5.97 billion kg CO2e. This included around 59.64 million kg CO2e for Scope 1, approximately 87.66 million kg CO2e for Scope 2 (market-based), and about 5.82 billion kg CO2e for Scope 3. The Scope 3 emissions for 2025 were dominated by investments, estimated at approximately 5.79 billion kg CO2e, and business travel at approximately 25.09 million kg CO2e. Munchener Ruck has set ambitious climate commitments. The company aims to achieve net-zero greenhouse gas (GHG) emissions in its business operations by 2030, encompassing Scope 1 and Scope 2 emissions. Furthermore, they have a long-term goal of reaching net-zero emissions across all scopes by 2050, including their insurance business and investment portfolio. As a near-term target, Munchener Ruck aims to reduce emissions by 12% per employee by 2025, using 2019 as a baseline year. They also target a 35% reduction in CO2 emissions from their insurance operations by 2025 compared to 2019.