Munich Reinsurance Company Sustainability Profile
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 8 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 64,000,000 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. This marked a slight increase in Scope 1 emissions from 44,105,000 kg CO2e in 2020, while Scope 2 emissions decreased from 22,290,000 kg CO2e (market-based) in the previous year. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges. The emissions data is cascaded from its parent company, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, reflecting a corporate family relationship. Munich Re's commitment to sustainability is evident, although specific reduction initiatives or targets have not been disclosed. The company continues to monitor and report its emissions across all relevant scopes, contributing to the broader industry efforts in climate action.
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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 | 117,476,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 33,352,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Munich Reinsurance Company's Industry?
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Munich Reinsurance Company'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 Reinsurance Company 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.
