Miga
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 58% 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 of which were classified under Scope 3, specifically from business travel. This represents a significant reduction from 2020, when emissions were about 1,414,000 kg CO2e, and from 2019, when they peaked at 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 climate strategies and initiatives within its corporate family.
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| 2019 | 2020 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | - | - | - |
| Scope 3 | 2,018,000 | 0,000,000 | 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.
Miga 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.
