Munich Re Foundation
The Munich Re Foundation, a prominent entity within the reinsurance and risk management sector, is headquartered in Munich, Germany. Established in 2005, the foundation focuses on enhancing global resilience to natural disasters and climate change through innovative risk solutions and research initiatives. With a commitment to social responsibility, the Munich Re Foundation collaborates with various stakeholders to develop sustainable insurance models and promote disaster risk reduction. Its core services include risk assessment, capacity building, and funding for community-based projects, setting it apart in the industry. Recognised for its impactful contributions, the foundation plays a vital role in advancing knowledge and practices that mitigate risks, positioning itself as a leader in the field of disaster risk management and resilience building.
DitchCarbon Score
How does Munich Re Foundation'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 Other 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 Foundation's score of 13 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Munich Re Foundation's reported carbon emissions
In 2023, Munich Re Foundation reported total carbon emissions of approximately 982,000 kg CO2e. This figure reflects a significant reduction from previous years, showcasing a commitment to lowering their carbon footprint. The foundation's emissions data indicates a consistent effort to manage and reduce emissions over time, with notable figures from earlier years, such as 1,028,000 kg CO2e in 2022 and 16,000 kg CO2e in 2021. The emissions breakdown for 2020 and 2021 reveals a more detailed view, with 44,105,000 kg CO2e attributed to Scope 1, 22,290,000 kg CO2e to Scope 2, and 6,890,000 kg CO2e to Scope 3 in 2020. In 2021, the figures were 47,598,000 kg CO2e for Scope 1, 19,677,000 kg CO2e for Scope 2, and 6,015,000 kg CO2e for Scope 3, including a substantial contribution from purchased goods and services. Despite the absence of specific reduction targets or initiatives disclosed, the foundation's ongoing efforts to monitor and report emissions demonstrate a proactive approach to climate commitments. The reduction in total emissions over the years indicates a positive trajectory towards sustainability and environmental responsibility.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 44,105,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 22,290,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,890,000 | 0,000,000 | 00,000,000 |
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.
Munich Re Foundation is not committed to any 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.
