21 October 2011
Pole position for Munich Re in Newsweek’s Green Rankings
Munich Re topped Newsweek’s recently published Green Rankings as the leading company worldwide. The rankings focus on actual environmental performance and involve a high-profile assessment of environmental impact and management. Included are the largest publicly traded companies worldwide (the Global 500 list) and in the USA (the U.S. 500 list). With a Green Score of 83.6 (out of 100), Munich Re came out above last year’s winner IBM (82.5) and far ahead of other insurers.
Thomas Braune, Head of Group Development, said: “Sustainable thinking and action is our DNA, as we offer our clients a promise for the future. This applies to all our activities, whether in our core business or in investments. This ranking therefore also applies to each of us in our specific sphere of responsibility. In particular, I am very pleased in view of the global comparison, also with other industries.”
Newsweek started this rating in 2009, not only focusing on the American market, but also taking into account the global one. The rankings are the result of a comprehensive research process undertaken by two leaders in sustainability analysis, Sustainalytics and Trucost, supported by a high-level panel of advisors. This outstanding performance is certainly related to the fact that Munich Re also heads the Sustainalytics ratings in the insurance category.
The sustainability performance has a long tradition at Munich Re, having been included since 2001 in the Dow Jones Sustainability and FTSE4Good indices. Munich Re’ ranking in this year’s DJSI has also improved remarkably, with Munich Re now only three percentage points behind the sector leader.
Further information about the Green Rankings: