The report highlights Munich Re's commitment to sustainability and its efforts to integrate ESG aspects into its core business. The company has already overachieved its 2025 targets for its Climate Ambition programme. This includes a reduction of 34% per employee in its own GHG emissions, a full exit from thermal coal by 2040, and increasing the proportion of women in management positions to 40% by 2025. The report also includes details of Munich Re's ESG governance framework, its investment strategy, and its various initiatives to support sustainable development, such as the Tackling Climate Change Together (TCCT) initiative, which focuses on ecosystem-based adaptation initiatives in Vietnam and Latin America. The report also highlights Munich Re's commitment to human rights, its efforts to mitigate climate change, and its contributions to the UN Global Compact, the Principles for Responsible Investment (PRI) and the Principles for Sustainable Insurance (PSI).
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Munich Re 2023 Sustainability Report
Issuing Company Munich Re
Report Type Sustainability Report
Report Language EN
Report Filesize 4.81 MB
No. of Pages 146 pages
Reporting periodJanuary 1, 2023-December 31, 2023
Report EditionUnknown
Assurance Provider Unknown
Reporting Standards GRI; SASB; UNSDGs
Materiality Assessmenttrue