Our key environmental figures

An important part of our Group-wide environmental and climate protection strategy is the continuous reduction of our resource consumption and the resulting greenhouse gas emissions.

In our reporting on consumption and greenhouse gas (GHG) emissions, we focus on the main direct impacts of our business operations on the environment and climate. These are the consumption of energy, paper and water, the amount of waste we produce and the kilometres travelled on business trips. The resulting greenhouse gas emissions are measured and reported in CO2 equivalents (CO2e).

With our Ambition 2025 climate targets, we aim to move our operational business processes across the Group to net-zero emissions by 2030. The implementation will be gradual: By 2025, we intend to have reduced our GHG emissions (CO2e) across the entire Munich Re Group by twelve percent per employee compared to 2019. Since 2015, we have endeavoured to offset the remaining GHG emissions by purchasing certificates from projects that contribute to a reduction in GHG emissions. When selecting certificates, we pay attention to internationally recognised standards.

Notes on the environmental indicators:

An important part of our Group-wide environmental and climate protection strategy is the continuous reduction of our resource consumption and the resulting greenhouse gas emissions.

In our reporting on consumption and greenhouse gas emissions, we focus on the main direct impacts of our business operations on the environment and climate. These are the consumption of energy, paper and water, the amount of waste we produce and the kilometres travelled on business trips. The resulting greenhouse gas emissions are measured and reported in CO2 equivalents (CO2e). All consumption data that was not available at the reporting date was estimated. We extrapolate the measured consumption data to the number of employees of the fully consolidated companies of the ERGO Group at the end of the respective reporting year. The consumption of resources per employee refers to in-house staff and salaried field staff. Self-employed sales agents are not included in the environmental indicators.

The quantitative figures are quality assured externally as part of Munich Re's non-financial reporting.

Internationally recognised conversion factors such as the Greenhouse Gas Protocol (GHG), the Association for Environmental Management and Sustainability in Financial Institutions (VfU) and the International Energy Agency (IEA) are used to calculate Group-wide GHG emissions. Where possible, individual conversion factors, e.g. for company cars, are used. A market-based approach is used to calculate Scope 2 emissions from electricity consumption, taking into account that in 2023 a share of 79.2 % stemmed from renewable energy sources and was be calculated as emission-free. For the remaining electricity consumption, country-specific conversion factors from IEA were used, derived from the average local electricity mix.

Sources of Greenhouse gas emissions:

• Scope 1: Direct emissions from primary energy consumption (natural gas, heating oil, emergency diesel generators, fuel for company cars)
• Scope 2: Indirect emissions from procured energy (purchase of electricity, district heating, and district cooling)
• Scope 3: Other indirect emissions (business trips, consumption of paper and water, waste)