Munich Re
Corprate Bias Ratings
Risk Level:
Summary:
Munich Re is actively disentangling from investments and clients involved in traditional energy production methods, including a company ban on new oil and gas projects. Munich Re has joined and maintained various climate alliances, such as the Net-Zero Assets Owners Alliance (NZAOA). Munich Re does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. Munich Re discriminates against religious organizations in its charitable giving. Munich Re partners with Out & Equal to advance LGBTQ causes. However, Munich Re does not use its corporate funds to advance ideological causes hostile to freedom of expression. For these reasons, Munich Re receives a High Risk rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
Munich Re has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs. Munich Re does have target GHG emissions goals set for its investment and insurance portfolio; this includes diminishing the role of oil and gas, thermal coil, and Arctic energy exploration projects from its portfolio as well as a ban new oil and gas projects (1)(2)(3)(4). Munich Re is a part of the UN Global Compact (UNGC), the Principles for Responsible Investment (PRI), the UNEP FI Principles for Sustainable Insurance (PSI) and Net-Zero Assets Owners Alliance (NZAOA) (5).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Munich Re protects its employees against viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Munich Re educates its employees on unconscious bias (1). CEO Marc-Andre Giguere is a signatory of the CEO Action for Diversity & Inclusion (2). The company partners with Out & Equal, an LGBTQ organization (3). Munich Re is a member of the Net-Zero Assets Owners Alliance (4). The company did withdraw from the Net-Zero Insurance Alliance in March, 2023 (5).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
There are no publicly known cases of Munich Re donating to ideological groups hostile to freedom of expression (1).
Uses corporate political contributions for ideological, non-business purposes.
Munich Re does not operate a PAC at this time (1).
All links were last accessed and all information was updated on:
August 10, 2023
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