Munich Re resigns from the Net Zero Asset Owner Alliance, the Net Zero Asset Managers Initiative, Climate Action 100+ and the Institutional Investors Group on Climate Change

Munich Re has withdrawn from the Net Zero Asset Owner Alliance, the Net Zero Asset Managers Initiative, Climate Action 100+ and the Institutional Investors Group on Climate Change.

We observe an increasing ambiguity in assessing private initiatives under the legal and regulatory regimes across various jurisdictions, potentially resulting in conflicting regulatory requirements and related legal uncertainty.

Also, climate related disclosures and associated administrative requirements have become very complex for international corporations in general also due to heterogeneous regulations and differing memberships. Moreover, they are disproportionate to the impact achieved in terms of climate protection.

Against this backdrop, Munich Re in future will independently contribute to climate protection. We are convinced that we will be able to pursue our climate targets in a more focused and targeted manner on our own and simultaneously avoid non regulatory prescribed reporting requirements and legal uncertainty.

Climate protection remains an urgent priority for Munich Re. We continue to pursue our goal of contributing to the achievement of the Paris climate targets. Munich Re has achieved or exceeded the interim climate targets it set itself for 2025. New climate targets will be announced towards the end of 2025 alongside the new corporate strategy.