As of 2025, Munich Re has disclosed 13 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 8 absolute reduction targets and 5 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Munich Re's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -35%a, b | 2025 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -35%a | 2025 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -25%a | 2025 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -25%a | 2025 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -5%a | 2025 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -12%a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -35%a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -45%a | 2030 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) per Employee | -12%a | 2025 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Euro (EUR) of Investment | -12%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Euro (EUR) of Investment | -20%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -20%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Euro (EUR) of Gross Written Premium | -20%a | 2030 |
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As of 2025, Munich Re has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.ab
As of 2025, Munich Re has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.ab
Munich Re's most ambitious value chain target is to reduce these emissions by 35% by 2025, compared to a baseline of 512,303 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.ab
Munich Re has already surpassed its value chain emissions reduction target, with 2025 levels falling below the 2025 value, achieving its climate goal ahead of schedule.ab
As of 2025, Munich Re has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Munich Re's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 0.003 Metric Tonnes of CO2 equivalent (mtCO2e) per Employee in 2019, by 12% by 2025.a
Munich Re has already surpassed its total carbon footprint reduction target, with 2025 levels falling below the 2025 value, achieving its climate goal ahead of schedule.a