Munich Re Foundation - 2021 carbon footprint
We have been calculating our carbon footprint ever since the foundation was first established. It comprises the following components:
- emissions from business operations (electricity and heating in the offices),
- business trips made by our employees,
- and our projects.
Most emissions in the projects category stem from travel by participants to attend conferences and seminars. In comparison with 2020, our carbon footprint was reduced by a further tonne – falling from 17 to just over 16 tonnes of carbon. This was largely due to the impact of the coronavirus pandemic. All events were organised in a digital format and no business trips were undertaken. Calculating the carbon footprint for digital events is a complex process. For our events, the total amounts were in the hundreds of kilogram range. For the carbon offsetting calculation, we therefore decided to round up to a full tonne in the projects category. These emissions and those from our offices* and business trips are offset by our founder, Munich Re, through the purchase of carbon credits.
*For the emissions from offices we base our figures on the methods used at Munich Re, see Munich Re sustainability report.