Munich Reinsurance Company of Canada
Munich Reinsurance Company of Canada, a subsidiary of the global Munich Re Group, is headquartered in Toronto, Ontario. Established in 1979, the company has built a strong reputation in the reinsurance industry, primarily serving clients across Canada and the United States. Specialising in property and casualty reinsurance, Munich Re Canada offers innovative solutions tailored to the unique needs of its clients. The company is recognised for its expertise in risk assessment and management, leveraging advanced analytics to provide comprehensive coverage options. With a commitment to sustainability and a strong market position, Munich Re Canada has achieved notable milestones, including significant contributions to the development of the Canadian insurance landscape. Its dedication to client service and industry leadership continues to set it apart in the competitive reinsurance market.
DitchCarbon Score
How does Munich Reinsurance Company of Canada'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 Reinsurance Company of Canada's score of 59 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 of Canada, headquartered in Canada, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, which may influence its climate commitments and performance metrics. As of now, there are no documented reduction targets or climate pledges from Munich Reinsurance Company of Canada. The absence of specific initiatives or targets suggests that the company may be relying on broader commitments from its parent organisation, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, which is known for its sustainability efforts. Given the lack of direct emissions data and reduction initiatives, it is essential to monitor future disclosures from both Munich Reinsurance Company of Canada and its parent company to understand their climate impact and commitments better.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 47,761,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 47,362,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 27,023,000 | 00,000,000 | 00,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 of Canada 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.
