Munchener Ruckversicherungs-Gesellschaft AG in Munchen 2021 AR2
The report highlights Munich Re's successful 2021 financial year, achieving a consolidated profit of €2.9bn and surpassing its profit target despite challenges from the COVID-19 pandemic and extreme weather events. The Group launched its Ambition 2025 strategy, which includes committing to a return on equity of 12-14% and establishing an ESG Committee at the Board of Management level to consolidate ESG management. Munich Re also advanced its climate protection goals by implementing mandatory underwriting guidelines for coal, oil, and natural gas, and issuing its second green subordinated bond of €1bn. Additionally, the company made progress in gender diversity, increasing the percentage of women in management positions to approximately 38%.
Company: Munchener Ruckversicherungs-Gesellschaft AG in Munchen
Sector: Finance & insurance
Country: Germany
Year: 2021
Type: AR2
Pages: 227
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Munchener Ruckversicherungs-Gesellschaft AG in Munchen
Group Annual Report
The report highlights Munich Re's successful 2021 financial year, achieving a consolidated profit of €2.9bn and surpassing its profit target despite challenges from the COVID-19 pandemic and extreme weather events. The Group launched its Ambition 2025 strategy, which includes committing to a return on equity of 12-14% and establishing an ESG Committee at the Board of Management level to consolidate ESG management. Munich Re also advanced its climate protection goals by implementing mandatory underwriting guidelines for coal, oil, and natural gas, and issuing its second green subordinated bond of €1bn. Additionally, the company made progress in gender diversity, increasing the percentage of women in management positions to approximately 38%.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
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