Munich Re – one of the first corporations to warn of the potential impacts of global warming in the early 1990s – is aiming for climate-neutral global reinsurance activities by 2012. Its head office in Munich, where more than half its international workforce is based, will be carbon dioxide-neutral by 2009.

Board member Torsten Jeworrek says Munich Re will be one of the first companies in the finance and insurance sector to implement the climate-neutrality objective.

“Adopting a climate-neutral position yet again underlines that we not only play a leading role in the scientific analysis of climate change but are also doing something about it.”

Munich Re plans to reduce emissions per employee, use “green” power sources and invest in renewable energy and afforestation