Because our business model as an insurer has a long-term focus, sustainability criteria in investment play a key, strategic role. Since as an insurance company, we must invest our clients’ money sensibly and profitably, we are subject to strict security and return requirements. For our investments, just as with our insurance business, we regard it as essential to consider ESG aspects and to offer responsible products and services.
Management of our investments is based on three pillars
Systematic integration of ESG criteria
Investment focus topics (for example renewable energies)
Defined exclusion criteria
The Principles for Responsible Investment (PRI) provide a framework for sustainable action in the field of investment. In order to ensure that we adhere to our sustainable investment approach, we established a binding Group-wide Responsible Investment Guideline (RIG), which covers all requirements regarding PRI and ESG that concern Munich Re Group asset management, especially on the subject of exclusion criteria for investments.
Sustainability criteria firmly anchored in the investment process
Our aim is to invest the bulk of our assets sustainably. The target achievement is measured on the basis of internal sustainability reporting (sustainability ratio). Individually defined ESG criteria are incorporated into the selection process for all classes of assets. An overview of the individual investment segments and their focus on sustainability you will find in our Corporate Responsibilty Report.
MEAG´s sustainable investment process
Our investments: Focus on renewable energies
Through our investments, we aim to promote the use of future technologies in avoiding greenhouse gas emissions. With this in mind, MEAG invests, on behalf of Munich Re, in infrastructure projects around the world such as solar power plants and wind farms. In 2019, invested capital (equity and debt) in renewable energies was approximately €1.6bn and should be steadily increased over the next few years to €2.8bn, investment in green bonds amounted to approximately €1.3bn. These investments help mitigate climate change. For example, in 2019 our installations generated approximately 2.8 million megawatt hours of green electricity, supplying power to around 700,000 households, thereby avoiding some 800,000 tonnes of CO2 equivalents.
million MWh green electricity generated from our investments
households supplied with green electricity
tonnes of CO2 avoided
MEAG`s sustainable investment products
MEAG offers its private and institutional clients sustainable investment products such as:
- MEAG Nachhaltigkeit
- MEAG FairReturn
- MEAG EM Rent Nachhaltigkeit
- MEAG Infrastructure Debt
Explore further Corporate Responsibility topics
Corporate Responsibility Report
In our Corporate Responsibility (CR) Report, we describe the ways in which we embrace corporate responsibility in our day-to-day operations.