Munich Reinsurance Company
Munich Reinsurance Company, commonly known as Munich Re, is a leading global reinsurer headquartered in the United States. Established in 1880, the company has evolved into a powerhouse within the reinsurance industry, with significant operations across Europe, Asia, and the Americas. Specialising in property and casualty reinsurance, life reinsurance, and health insurance, Munich Re offers a diverse range of innovative products and services tailored to meet the unique needs of its clients. The company is renowned for its advanced risk assessment capabilities and commitment to sustainability, setting it apart in a competitive market. With a strong market position, Munich Re consistently ranks among the top reinsurers worldwide, recognised for its financial strength and expertise in risk management. Its notable achievements include pioneering initiatives in digital transformation and climate risk solutions, reinforcing its status as an industry leader.
DitchCarbon Score
How does Munich Reinsurance Company'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 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 Reinsurance Company's score of 14 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Munich Reinsurance Company's reported carbon emissions
In 2021, Munich Reinsurance Company reported total carbon emissions of approximately 69,000,000 kg CO2e, comprising 47,598,000 kg CO2e from Scope 1, 19,677,000 kg CO2e from Scope 2 (market-based), and 6,015,000 kg CO2e from Scope 3 emissions. The previous year, 2020, saw total emissions of about 68,000,000 kg CO2e, with Scope 1 emissions at 44,105,000 kg CO2e, Scope 2 emissions at 22,290,000 kg CO2e (market-based), and Scope 3 emissions at 6,890,000 kg CO2e. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives were not disclosed. Emissions data is cascaded from its parent company, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, reflecting a corporate family relationship. Overall, Munich Reinsurance Company is actively monitoring its emissions across all three scopes, contributing to industry-wide efforts to address climate change.
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| 2009 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 65,932,000 | 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 |
| Scope 3 | 53,195,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 0,000,000 | 0,000,000 |
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 Reinsurance Company is not participating in any of the initiatives that 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.
