Munich Re America Corporation Sustainability Profile
Munich Re America Corporation, a subsidiary of the global reinsurer Munich Re, is headquartered in the United States and operates extensively across North America. Founded in 1880, the company has established itself as a leader in the reinsurance industry, providing innovative solutions in property and casualty, life, and health sectors. With a strong focus on risk management and underwriting expertise, Munich Re America offers a diverse range of products and services, including reinsurance, primary insurance, and risk assessment. Its unique approach combines advanced analytics with deep industry knowledge, enabling clients to navigate complex risks effectively. Recognised for its financial strength and stability, Munich Re America has achieved significant milestones, positioning itself as a trusted partner in the reinsurance market. The company continues to set benchmarks in the industry, leveraging its global network and resources to deliver tailored solutions that meet the evolving needs of its clients.
DitchCarbon Score
How does Munich Re America 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 Re America Corporation's score of 59 is higher than 75% 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 Re America Corporation does not report specific carbon emissions figures. The company is a current subsidiary of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, which may influence its climate commitments and emissions data. While there are no documented reduction targets or specific climate pledges from Munich Re America Corporation, it is important to note that emissions data and performance metrics are cascaded from its parent company, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München. This relationship may provide insights into broader corporate sustainability initiatives and climate strategies. In the context of the insurance and reinsurance industry, companies like Munich Re are increasingly focusing on climate resilience and sustainability. They often engage in initiatives aimed at reducing their carbon footprint and enhancing their climate commitments, although specific details for Munich Re America Corporation are currently unavailable. Overall, while direct emissions data and reduction targets are lacking, the corporate structure suggests a potential alignment with the sustainability goals of its parent company, which may include industry-standard climate initiatives.
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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 |
How Carbon Intensive is Munich Re America Corporation's Industry?
How Carbon Intensive is Munich Re America Corporation's Location?
Munich Re America Corporation's Scope 3 Categories Breakdown
Munich Re America Corporation's Scope 3 emissions, which increased by 140% 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.
Top Scope 3 Categories
Munich Re America 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 Re America Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
