• Munich Re set Climate Ambition 2030 targets, shifting the base year to 2025 while keeping a long-term net-zero aim for investments and (re)insurance by 2050.
• Investment goals include -12% emissions intensity for listed enterprises, -20% for direct infrastructure and private equity/debt, -20% for real estate equity.
• Targets also include a thermal coal investment phase-out by end-2030, -12% absolute emissions for oil and gas holdings, € 1.5 billion in climate-tackling investments.
• Underwriting targets include -20% emissions intensity for F&C Global clients with reported emissions, no portfolio expansion in oil and gas production.
• Single-risk underwriting aims include -35% absolute emissions in thermal coal mining, -45% in thermal coal power, 100% purchased renewable electricity by end-2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Munich Re Group - Münchener Rück AG published the original content used to generate this news brief on July 13, 2026, and is solely responsible for the information contained therein.