Corporate Responsibility in investment
Management of our investments is based on three pillars
Sustainability criteria firmly anchored in the 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, on behalf of Munich Re, invests in infrastructure projects around the world such as solar power plants and wind farms as well as green bonds. In 2020, invested capital (equity and debt) in renewable energies was approximately €1.6bn and will be steadily increased over the next few years to €3bn. Investment in green bonds amounted to approximately €1.85bn.
Overall, Munich Re invested around 1.4% (1.2% in 2019) of its total investments in renewable energies and green bonds at the end of the financial year. We continue to rely heavily on regional and segment-specific diversification of these investments in order to spread the technical and political risks within the portfolio. In 2020 our installations generated approximately 2.9 million megawatt hours of green electricity, supplying power to around 700,000 households, thereby avoiding some 800,000 tonnes of CO2 equivalents.