Environmental indicators

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Environmental indicators

A key component of our Group-wide environmental and climate protection strategy is the continuous reduction of our consumption of resources and our resulting CO2 emissions.

In our reporting on our consumption of resources and CO2 emissions, we focus on the main direct impacts of our business operations on the environment and climate. These are the consumption of paper, energy and water, the waste we produce and the number of business trips made. The resulting CO2 emissions are measured and externally quality assured. The continuous reduction in these emissions is the main indicator of success for our environmental performance and has been targeted throughout the Group.

Munich Re (Group) environmental
  2017 2016 2015 2014
Proportion of employees
captured by the certified
environmental management
% of employees
38** 38**1 38** 38
Proportion of employees captured by data collection
% of employees
83** 83** 84** 86
Direct energy consumption
(e.g. oil, gas, fuels)
Megawatt hours (MWh)
per employee
4.02** 3.79** 4.02** 4.3
Indirect energy consumption
(e.g. electricity, district heating)
Megawatt hours (MWh) per employee 5.61** 5.63** 5.5** 5.7
Paper consumption Tonnes (t) per employee 0.03** 0.03** 0.03**
Water consumption Cubic metres (m3) per employee 16** 16.9** 17.5** 17.9
Waste Tonnes (t) per employee 0.27** 0.30** 0.25** 0.28
Business trips Kilometres (km) per employee 6,984** 7,163** 7,825** 7,418
CO2 emissions, kg per employee up to 2015* Kilos (kg) per employee     3,872** 3,898
CO2 emissions, kg per employee from 2016* Kilos (kg) per employee 2,671** 2,813**    
No. of employees as at 31
  42,410 43,428 43,554 43,316
1 The indicator “Proportion of employees captured by the certified environmental management system” from the 2016 reporting year was adjusted slightly during this reporting period, primarily due to improved data quality.

You will find further detailed environmental indicators in the download area in the right-hand column.

*Notes on the environmental indicators:

To calculate the Group-wide carbon savings targets, from 2009 to 2015 (–10% kg of CO2 per employee) we used the conversion factors of the Greenhouse Gas Protocol (GHGP) and the Association for Environmental Management and Sustainability in Financial Institutions (VfU) – from 2011 in each case. Green electricity was not included in the accounting, thereby ensuring that the quantitative values remained comparable over the target period. In 2015, a new environmental and climate protection strategy was approved by the Board of Management and the carbon savings target was expanded – from 2009 to 2020 we want to achieve Group-wide carbon savings (kg per employee) of 35%. The figures from 2016 and 2017 are only comparable to a limited extent with those from 2015 because different conversation factors were used in the calculation of CO2 emissions and because CO2 emissions from renewable energy sources are calculated differently.

From 2016, the Group’s carbon emissions will be calculated on the basis of the latest conversion factors of the GHG Protocol and the VfU. The GHG Protocol will be used for the conversion of Scope 1 emissions (direct energy), for electricity falling under Scope 2 emissions (indirect energy) and for the “short- and long-haul flights” components of the “business trips” element of Scope 3 emissions. The Group-wide share of electricity from renewable sources of 78%** (2016: 70%**) is calculated at zero emissions. The VfU conversion factors are taken as the basis for calculating the Scope 2 emissions “district heating” and the Scope 3 emissions of paper, water and waste, as well as the “company vehicles, taxis, hire cars, train journeys” components of the “business trips” element. Business travel with Group vehicles is calculated using the individual factors of the respective fleet, where available.

You will find a more detailed discussion of the emission factors used up to and including 2015 in the overview of environmental indicators in the download area in the right-hand column.

Carbon emission sources

  • Scope 1: direct emissions from primary energy consumption (natural gas, heating oil, emergency diesel generators, fuel for company vehicles),
  • Scope 2: indirect emissions from procured energy (purchase of electricity and district heat),  
  • Scope 3: other indirect emissions (business trips, consumption of paper and water, waste).

** Selected quantitative environmental indicators are verified Group-wide by an external auditing company. (PDF, 37 KB)

GRI Content Index: G4-22; G4 DMA Category Environmental; G4-EN1; G4-EN2; G4-EN3

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