Munchener Ruckversicherungs-Gesellschaft AG in Munchen 2020 AR2
The report highlights Munich Re's performance during the 2020 financial year, where the company generated a consolidated profit of ’1.2bn despite significant pandemic-related losses of ’3.4bn. Munich Re launched ambitious climate protection targets, committing to net-zero greenhouse gas emissions in its investment portfolio, insurance business, and operations by 2050, with concrete interim targets for 2025. The company also introduced its 'Group Ambition 2025' strategy to drive profitability, digital transformation, and diversity, including a target of 40% women in management globally by 2025. Additionally, Munich Re issued its first subordinated green bond of ’1.25bn to finance sustainable projects.
Company: Munchener Ruckversicherungs-Gesellschaft AG in Munchen
Sector: Finance & insurance
Country: Germany
Year: 2020
Type: AR2
Pages: 219
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Munchener Ruckversicherungs-Gesellschaft AG in Munchen
Group Annual Report
The report highlights Munich Re's performance during the 2020 financial year, where the company generated a consolidated profit of ’1.2bn despite significant pandemic-related losses of ’3.4bn. Munich Re launched ambitious climate protection targets, committing to net-zero greenhouse gas emissions in its investment portfolio, insurance business, and operations by 2050, with concrete interim targets for 2025. The company also introduced its 'Group Ambition 2025' strategy to drive profitability, digital transformation, and diversity, including a target of 40% women in management globally by 2025. Additionally, Munich Re issued its first subordinated green bond of ’1.25bn to finance sustainable projects.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees