Munich Re has taken some credible steps to stop insuring fossil fuel projects through its direct and facultative business but must do more to phase out support through its reinsurance treaties.
Munich Re
2024 Scorecard on Insurance, Fossil Fuels and the Climate Emergency
| Company | Country | ceo | Underwriting | Investment | Renewables : Fossils Premiums (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Coal | Oil & Gas | Total | Coal | Oil & Gas | |||||||
Munich Re | | Joachim Wenning | 3.07 / 10 Rank 9 Total 3.07 / 10 Coal 4.19 / 10 Oil & Gas 2.77 / 10 Total Rank 9 Coal Rank 10 Oil & Gas Rank 7 | 4.19 / 10 Rank 10 | 2.77 / 10 Rank 7 | 4.14 / 10 Rank 11 Total 4.14 / 10 Coal 3.33 / 10 Oil & Gas 4.05 / 10 Total Rank 11 Coal Rank 11 Oil & Gas Rank 5 | 3.33 / 10 Rank 11 | 4.05 / 10 Rank 5 | 72:28 | |||
CEO: Joachim Wenning
GermanyUnderwriting Score
Total
3.07 / 10
Rank 9
Coal
4.19 / 10
Rank 10
Oil & Gas
2.77 / 10
Rank 7
Investment Score
Total
4.14 / 10
Rank 11
Coal
3.33 / 10
Rank 11
Oil & Gas
4.05 / 10
Rank 5
Rank over time
The companies were ranked from 1 (best) to 30 (worst) based on their scores, companies with the same score were given the same rank. Data was not collected on oil & gas until 2020.
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