- Managing climate-related risks for both assets and the (re)insurance business.
- Addressing transition risks arising from political and economic measures to shift to a low-carbon economy.
- Managing reputational risks influenced by climate change risks.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München disclosed greenhouse gas emissions of 69.9K t CO2e/year. By scope: Scope 1: 33.1K t CO2e/year; Scope 2: 14.2K t CO2e/year (market-based); Scope 3: 22.6K t CO2e/year (upstream) + 3016864 t CO2e/year (downstream). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
69.9K t CO2e/year
2023
Renewable Energy
91% of total energy use
of total energy
Water Usage
432.7K m3/year
2023
Waste
5.0K tons/year
2023
Energy Use
250.9K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 33.1K t CO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 14.2K t CO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 22.6K t CO2e/year (upstream) + 3016864 t CO2e/year (downstream) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 69.9K t CO2e/year |
| 2021 | 73.3K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions from coal-fired power plants and thermal coal mining by 41% compared to 2019.
- Reduced greenhouse gas emissions from oil and gas production business by 80% compared to 2019.
- Reduced own operational emissions by 34% per employee compared to 2019.
- Maintained a high level of reduction in financed emissions at -47%.
- Increased investments in renewable energy, exceeding the €3bn 2025 portfolio target by the end of 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025 (not explicitly stated, but implied)
- Reduce GHG emissions by 12% per employee by 2025.
- Achieve 100% green electricity purchased Group-wide by 2025.
📅 Medium-term
- Achieve carbon net zero by 2030 (through GHG emissions removal certificates).
- Expand ESG-focused portfolio.
🔭 Long-term
- Net-zero emissions by 2050 (across assets, liabilities, and own operations).
🌱 ESG Focus Areas
Climate changeDiversity, equity and inclusionResponsible governanceSustainable approach to businessSocietal responsibility