Munich Re leaves several climate coalitions

Written by Adam Cadle

12/06/2025

Munich Re has chosen to withdraw from a series of climate-focused industry coalitions, including the Net Zero Asset Owner Alliance (NZAOA), the Net Zero Asset Managers Initiative (NZAM), Climate Action 100+ (CA100+) and the Institutional Investors Group on Climate Change (IIGCC), citing legal and regulatory pressures and climate disclosure complexity.

Despite exiting the climate groups, however, the firm reiterated that “climate protection remains an urgent priority for Munich Re,” and that it will independently “continue to pursue our goal of contributing to the achievement of the Paris climate targets.”

In a statement announcing its new decision, Munich Re said that the move was made amongst “an increasing ambiguity in assessing private initiatives under the legal and regulatory regimes across various jurisdictions.”

The firm said that climate-related disclosures and other related administrative requirements have become very complex, and are disproportionate to the impact achieved in terms of climate protection.

Munich Re added: “Against this backdrop, Munich Re in future will independently contribute to climate protection. We are convinced that we will be able to pursue our climate targets in a more focused and targeted manner on our own and simultaneously avoid non regulatory prescribed reporting requirements and legal uncertainty.”

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