Munich Re
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OVERALL |
|
Owned |
GER |
Rating |
N/A |
Insurance and reinsurance
Munich Re Group | GER | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Munich Re Group | ||||
The Insure Our Future campaign by a group of NGOs has ranked the world's leading insurance companies on fossil fuel insurance, fossil fuel divestment, and other climate leadership. This company was one of the best performers.
Source: Insure Our Future (2020)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP (2023) |
The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested into 20 companies involved in the production, maintenance and modernization of nuclear weapons. Since 2014 this financial institution invested over US$148 million into 1 of the 20 nuclear weapons producers named in the report.
Source: ICAN (2018)
The 2022 Financial System Benchmark ranks 400 financial institutions across three measurement areas: governance and strategy, respecting planetary boundaries (environment, climate and biodiversity) and adhering to societal conventions (human rights). This company ranked #84/400, with a total score of 21.6/100.
Source: World Benchmarking Alliance (2022) |
This company is a signatory to the Principles for Sustainable Insurance (PSI), a global framework for the insurance industry to address environmental, social and governance risks and opportunities. PSI is an initiative of the United Nations.
Source: UNEPFI (2018)
ShareAction's 2018 report rates the world's 80 largest insurers on their approach to climate-related risks and opportunities. Based on their management of material climate risk, insurers are rated from AAA if they show climate leadership, to D if their approach is limited. The lowest X rating is given to those showing no evidence of addressing climate issues. This company received a CC rating.
Source: AODP (2018)
This company is listed on the Facing Finance website as a financial institution which invests in companies that manufacture weapons or profit from violations of human rights, pollution, corruption, or international law. Follow link for further details.
Source: Facing Finance (2014) |
Company Details
Type | Public company |
Contact Details
Address | Germany |
Website | munichre.com |