Miga Sustainability Profile
Miga, officially known as the Multilateral Investment Guarantee Agency, is headquartered in the United States and operates primarily across emerging markets. Founded in 1988, Miga plays a pivotal role in the development finance industry, focusing on providing political risk insurance and credit enhancement to encourage foreign investment in developing countries. Miga's core services are designed to mitigate risks associated with investments in challenging environments, making it a unique player in the market. The agency has achieved significant milestones, including facilitating billions in investments that support sustainable development and infrastructure projects globally. With a strong reputation for fostering economic growth, Miga continues to enhance its market position by promoting private sector investment in regions that need it most.
DitchCarbon Score
How does Miga'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
Miga's score of 25 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Miga's reported carbon emissions
In 2022, Miga reported carbon emissions of approximately 489,000 kg CO2e, all attributed to Scope 3 emissions from business travel. This represents a significant reduction from 2020, when emissions were about 1,414,000 kg CO2e, and from 2019, which saw emissions of approximately 2,018,000 kg CO2e. Despite these reductions, Miga currently does not have specific reduction targets or commitments outlined in their sustainability initiatives. The emissions data is cascaded from their parent organisation, the Multilateral Investment Guarantee Agency, indicating a corporate family relationship that influences their reporting and sustainability practices. Miga's focus on reducing business travel emissions reflects a growing trend in the industry to address Scope 3 emissions, which are often the largest source of a company's carbon footprint. As a current subsidiary of the Multilateral Investment Guarantee Agency, Miga is positioned to align with broader organisational climate strategies, although specific targets have not been disclosed.
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| 2019 | 2020 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | - | - | - |
| Scope 3 | 2,018,000 | 0,000,000 | 000,000 |
How Carbon Intensive is Miga's Industry?
How Carbon Intensive is Miga's Location?
Miga's Scope 3 Categories Breakdown
Miga's Scope 3 emissions, which decreased by 65% last year and decreased by approximately 76% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Miga'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.
Miga 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.
