Munich Re

This award recognises the world's largest reinsurer for embedding measurable decarbonisation targets into the financial core of its operations. In December 2025, Munich Re launched its new five‑year "Ambition 2030" strategy, setting absolute portfolio emissions reduction targets for its insurance business, including a 35% reduction from insured thermal coal mining and a 45% reduction from thermal coal power against a 2025 baseline.

For its investment portfolio, the company committed to a 12% emissions‑intensity reduction for listed equities and bonds, a 20% reduction for direct infrastructure and private equity investments, and a further 12% absolute reduction for oil‑and‑gas equities and bonds. Munich Re also brought forward its thermal coal phase‑out from 2040 to 2030 and reaffirmed its long‑term goal of achieving net‑zero greenhouse‑gas emissions across its entire insurance and investment portfolio by 2050.

Beyond headline targets, Munich Re announced a specific commitment to increase its "climate‑tackling" investments – covering certified forestry, certified real estate and energy‑related assets – by €1.5 billion by the end of 2030 compared to 2025, and to have reached 30 active or completed engagements with high‑emitting companies between 2020 and 2030. By translating its half‑century of climate‑risk research into verifiable, portfolio‑wide emissions‑reduction pathways, Munich Re has demonstrated that financial institutions can be engines of systemic decarbonisation, not merely risk‑transfer agents. For proving that insurance and investment capital can be aligned with Paris‑Agreement goals through rigorous, time‑bound targets, Munich Re receives this recognition.