Munich-American Holding Corporation Sustainability Profile
Munich-American Holding Corporation, often referred to as MAHC, is a prominent player in the insurance and financial services industry, headquartered in the United States. Established in the early 20th century, the company has evolved significantly, marking key milestones that underscore its commitment to innovation and customer service. With a strong operational presence in North America and Europe, MAHC offers a diverse range of products and services, including property and casualty insurance, life insurance, and asset management. What sets MAHC apart is its focus on tailored solutions that meet the unique needs of its clients, ensuring comprehensive coverage and financial security. Recognised for its robust market position, Munich-American Holding Corporation has achieved notable accolades, reflecting its dedication to excellence and reliability in the insurance sector.
DitchCarbon Score
How does Munich-American Holding Corporation'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
Munich-American Holding Corporation's score of 48 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, Munich-American Holding Corporation does not report specific carbon emissions figures, indicating a lack of direct emissions data. However, the company is a current subsidiary of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, which may influence its climate commitments and performance metrics. While there are no documented reduction targets or climate pledges from Munich-American Holding Corporation itself, it is important to note that emissions data and performance metrics may be cascaded from its parent company. The parent organisation, Münchener Rückversicherungs-Gesellschaft, is known for its commitment to sustainability and may have established initiatives that impact its subsidiaries. In the context of industry standards, Munich-American Holding Corporation's climate commitments could align with broader corporate strategies aimed at reducing carbon footprints, although specific initiatives or targets have not been disclosed. The absence of reported emissions data suggests that the company may still be in the process of developing its climate strategy or reporting framework.
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| 2009 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 65,932 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Munich-American Holding Corporation's Scope 3 Categories Breakdown
Munich-American Holding Corporation's Scope 3 emissions, which increased by 141% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Munich-American Holding Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Munich-American Holding Corporation has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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