Muenchener Rueckversicherungs-Gesellschaft in Muenchen AG
Munich Re's GHG Emissions Data Preview
In 2024, 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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Verified Sources Behind Munich Re’s Greenhouse Gas (GHG) Emissions Data
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Insights into Munich Re's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Munich Re amounted to 198,174 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). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Munich Re increased by 178.14%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Munich Re's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Munich Re's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Munich Re were 64,353 metric tons of CO₂ equivalent (tCO₂e). a
Has Munich Re reduced its Scope 1 emissions over time?
Since 2018, Munich Re's Scope 1 emissions have increased by 40.72%, reflecting a rising long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Munich Re's Scope 1 emissions increased by 94.46%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Munich Re's Scope 2 emissions?
In 2024, Munich Re reported Scope 2 greenhouse gas (GHG) emissions of 112,657 tCO₂e using the market-based method and 133,821 tCO₂e using the location-based method. a
Has Munich Re reduced its Scope 2 emissions over time?
Since 2018, Munich Re's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 96.11%, reflecting a rising long-term trend in Scope 2 emissions over time. a c
Compared to the previous year (2023), Munich Re's Scope 2 emissions (Location-Based) rose by 250.71% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does Munich Re use for Scope 2 reporting?
In 2024, Munich Re reported its Scope 2 emissions using the market-based method and using the location-based method. a
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 2024, Munich Re reported 7,310,344 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Munich Re's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Munich Re's Scope 3 emissions?
In 2024, Munich Re reported total Scope 3 emissions of 7,310,344 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.64% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Munich Re reduced its Scope 3 emissions over time?
Since 2018, Munich Re's Scope 3 emissions have increased by 28,477.24%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2023), Munich Re's Scope 3 emissions increased by 140.52%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Munich Re disclose?
In 2024, Munich Re reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a
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 2024, the largest contributors to Munich Re's Scope 3 emissions were: a
- Investments (Cat. 15): 7,284,057 tCO₂e (99.64%)
- Business Travel (Cat. 6): 23,200 tCO₂e (0.32%)
- Waste Generated in Operations (Cat. 5): 1,801 tCO₂e (0.02%)
Munich Re's Scope 3 Emissions by Categories
Insights into Munich Re's Total Carbon Footprint
In 2024, Munich Re reported a total carbon footprint of 7,508,518 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 141.38% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Munich Re's total carbon footprint was Scope 3 emissions, accounting for 97.36% of the company's total carbon footprint, followed by Scope 2 emissions at 1.78%. a