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About Sustainability at Munich Re
Munich Re adopts a forward-looking, prudent, and responsible approach to business. For more than 140 years, we have created long-term value by assuming a diverse range of risks along our insurance value chain. We are convinced that this business concept will continue to be successful in the future based on sustainable action.
In our efforts to contribute to a sustainable tomorrow, we see economic prosperity, resilience and technological progress as inseparable components that are needed to create a fairer, more sustainable society.
Munich Re’s Group Ambition 2025 specifies several sustainability targets that are already being implemented and on which work is continuing. These objectives are built around the three guiding principles of our Ambition 2025.
For us, acting responsibly means creating added value – both for our Group and for society as a whole.
Our sustainability topics
Corporate Governance
For us, good corporate governance requires the Board of Management and Supervisory Board to work together efficiently and with a spirit of trusting cooperation between the two bodies and staff, with everyone collaborating as part of an effective organisational structure. These parameters help secure the confidence of investors, clients, employees, and the public in our corporate activities.
We aim to ensure responsible and sustainable management at Munich Re through a robust governance framework that includes corporate governance, compliance systems, and sustainable risk management.
Munich Re regulates organisational accountability for sustainability criteria in a transparent manner. Fundamental strategic decisions are taken by the Board of Management, or, more specifically, by the ESG Committee. The ESG Committee is complemented operationally by the ESG Management Team, which is responsible for implementing and monitoring the Group-wide ESG strategy.
Voluntary commitments
Voluntary commitments, such as those we have made to the UN Global Compact (UNGC), the UNEP FI Principles for Sustainable Insurance (PSI) and the Principles for Responsible Investment (PRI) represent an important element of our sustainability strategy.
Since 2020, Munich Re joined the UN-convened Net-Zero Asset Owner Alliance (NZAOA), and we are working towards ensuring that our investments are net zero by 2050. Munich Re also joined the Taskforce on Nature-related Disclosures (TNFD) as a forum member (2022).
In addition to our sustainability strategy, the recognition of these frameworks and our membership in the above initiatives are testimony to our dedication to sustainability.
Contact our Sustainability team
Sustainability Report 2023
