Environmental Performance

Munich Re Foundation – 2014 carbon footprint

Total CO2 emissions   
In 2014, Munich Re Foundation's total CO2 emissions amounted to approximately 1530 metric tonnes. Most of them (just under 1400 t, or 91%) were caused by events organised by the Foundation. We offset the emissions from trips made by conference delegates travelling to and from events. Emissions from office activities (electricity, heating) and business travel – 39 t (3%) and 93 t (6%) respectively – were low by comparison.
 
 

Fig. 1: Distribution of total CO2 emissions (t) attributable to the Munich Re Foundation

The Foundation's total CO2 emissions for 2014 were a good 180 t down on those of the previous year. Office activities increased by 3 t, as we had half a staff position more on the books in 2014. Emissions caused by business trips also rose by just over 17 t, but emissions for events dropped radically (200 t CO2). This was in particular due to the microinsurance conference being held in Mexico, as the delegates' flights were shorter on average than in the previous year (Indonesia). New emissions were generated to a limited degree, for example by first time events such as the "Learning Session MILK Workshop" in Munich. 
   
The Foundation purchases emission certificates to offset the emissions caused by its events. CO2 emissions from business trips made by Foundation staff and from its office activities are offset by Munich Re.* 
 

Fig. 2: Comparison of total CO2 emissions (t) from 2006 to 2014
 

CO2 emissions from events

Only the journeys undertaken by those attending events were taken into account for calculation of the emissions from the events; the short-term occupancy of the rooms used for the events can be neglected.

Emissions from the International Microinsurance Conference in Mexico, at approximately 1280 t, accounted for the largest percentage (92%). This was due to the numerous flights undertaken by the over 400 participants. The Resilience Academy also generated significant emissions (7 %), as young scientists from all over the world came to meet in Munich (approximately 100 t CO2).

The 2014 MILK Workshop was mainly attended by participants travelling to Munich from nearby regions. With emissions of 6 t CO2 (0.4%), it contributes only slightly to total event emissions. The Dialogue Forums in Munich with 4 t (0.2%) also represented only a small proportion as had been expected. The guests attending the forums normally come from the greater Munich area.

Fig 3: Distribution of CO2 emissions from events
 

CO2 emissions from business operations

The CO2 balance for business operations (office and trips) is approximately 130 t: thirty-nine metric tons CO2 for the offices (electricity and heat)* and ninety-three metric tons CO2 for business trips, chiefly flights**.

Fig 4: Distribution of CO2 emissions (t) from business operations

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* Emissions produced by the foundation's office were based on a figure of 6 t CO2 per employee. This was established in a study undertaken by Munich Re in 2010, details of which can be seen in the 2010 corporate responsibility report.

** An RFI (Radiative Forcing Index) factor of 2.7 is applied to air travel. It is assumed that each journey by plane involves travelling a distance of 100 km to and from airports.

CB, 21 January 2015

 

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