Muenchener Rueckversicherungs-Gesellschaft in Muenchen AG
Munich Re's GHG Emissions Data Preview
In 2023, Munich Re completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Munich Re has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Munich Re's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Munich Re amounted to 71,250 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Munich Re decreased by 16.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Munich Re's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Munich Re's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Munich Re were 33,093 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Munich Re reduced its Scope 1 emissions over time?
Since 2018, Munich Re's Scope 1 emissions have decreased by 27.63%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Munich Re's Scope 1 emissions decreased by 24.21%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Munich Re's Scope 2 emissions?
In 2023, Munich Re reported Scope 2 greenhouse gas (GHG) emissions of 14,249 tCOâ‚‚e using the market-based method, and 38,157 tCOâ‚‚e using the location-based method.
Has Munich Re reduced its Scope 2 emissions over time?
Since 2018, Munich Re's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 44.08%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Munich Re's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Munich Re 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Munich Re use for Scope 2 reporting?
In 2023, Munich Re reported its Scope 2 emissions using the market-based method and using the location-based method.
Munich Re's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Munich Re's Value Chain Emissions
In 2023, Munich Re reported 3,039,435 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Munich Re includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Munich Re's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Munich Re's Scope 3 emissions?
In 2023, Munich Re reported total Scope 3 emissions of 3,039,435 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 0.74% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.26% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Munich Re reduced its Scope 3 emissions over time?
Since 2018, Munich Re's Scope 3 emissions have increased by 11,781.61%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Munich Re's Scope 3 emissions remained relatively stable, indicating that Munich Re 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Munich Re disclose?
In 2023, Munich Re reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Munich Re's Scope 3 emissions?
In 2023, the largest contributors to Munich Re's Scope 3 emissions were:
- Investments (Cat. 15): 3,016,864 tCOâ‚‚e (99.26%)
- Business Travel (Cat. 6): 19,466 tCOâ‚‚e (0.64%)
- Waste Generated in Operations (Cat. 5): 1,781 tCOâ‚‚e (0.06%)
Munich Re's Scope 3 Emissions by Categories
Insights into Munich Re's Total Carbon Footprint
In 2023, Munich Re reported a total carbon footprint of 3,110,685 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.28% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Munich Re's total carbon footprint was Scope 3 emissions, accounting for 97.71% of the company's total carbon footprint, followed by Scope 2 emissions at 1.23%.