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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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bVerified Sources Behind Munich Re’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Munich Re’s data sources below and access millions more through our Disclosure Search.
Insights into Munich Re's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofMunich Re amounted to198,174metric 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 Reincreased by 178.14%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
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 COâ‚‚ equivalent (tCOâ‚‚e).a
Has Munich Re reduced its Scope 1 emissions over time?
Since 2019, Munich Re's Scope 1 emissions have increased by 46.18%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
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.ab
What are Munich Re's Scope 2 emissions?
In 2024, Munich Re reported Scope 2 greenhouse gas (GHG) emissions of 112,657 tCOâ‚‚e using the market-based method and 133,821 tCOâ‚‚e using the location-based method.a
Has Munich Re reduced its Scope 2 emissions over time?
Since 2019, Munich Re's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 109.71%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
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 energyab
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 COâ‚‚ equivalent (tCOâ‚‚e) 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 4of 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 COâ‚‚ equivalent (tCOâ‚‚e).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 2019, Munich Re's Scope 3 emissionshave increased by 26,831.71%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
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.ab
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 tCOâ‚‚e(99.64%)
- Business Travel (Cat. 6): 23,200 tCOâ‚‚e(0.32%)
- Waste Generated in Operations (Cat. 5): 1,801 tCOâ‚‚e(0.02%)
Munich Re's Scope 3 Emissions by Categories
Insights into Munich Re’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Munich Re reported Scope 1 greenhouse gas (GHG) emissions of 64,353 tCOâ‚‚e and total revenues of USD 44,023 millions. This translates into an emissions intensity of 1.46 tCOâ‚‚e per millions USD.a
Munich Re's Scope 1 Emissions Intensity Compared to Peers
How does Munich Re's GHG emissions intensity compare to its peers?
In 2024, Munich Re reported a Scope 1 emissions intensity of 1.46 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.74, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Munich Re rank on GHG emissions intensity within its industry?
In 2024, Munich Re ranked 14 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Munich Re is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Munich Re's Total Carbon Footprint
In 2024, Munich Re reported a total carbon footprint of 7,508,518 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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.ab
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