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Munich Re to go climate-neutral by 2012


MUNICH, Germany—Munich Reinsurance Co. is aiming to make its entire operations climate-neutral by 2012, the company said Wednesday.

The group's head office in Munich, where over half of its international reinsurance workforce is based, will be CO2 -neutral by 2009, the company said.

Munich Re said it is introducing a package of measures to make its reinsurance operation climate-neutral. It plans to reduce emissions per employee, use "green" power sources and invest in renewable energies and re-forestation.

"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," said Munich Re board member Torsten Jeworrek, in a statement.