Climate Change Data

msg life ag

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Renewable Energy Share:100% at German locations (green electricity)
Total Energy Consumption:1,018,428 MWh (2021, German locations)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced electricity consumption by 20% from 2018 to 2021, despite a 10% increase in employees; this translates to a 25% reduction in electricity consumption per employee.
  • Use of green electricity at all German locations.
  • Implementation of resource-saving drinking water supply at new locations.
  • Increased share of electric and semi-electric vehicles in the company fleet to 28% (plug-in hybrids) and 6% (pure electric).

Social Achievements

  • Increased proportion of women in the workforce and management positions.
  • Implemented flexible working hours and work-from-home options.
  • Offered various employee benefits, including company cars, public transport subsidies, company bike leasing, and health initiatives.
  • Donated over €25,000 to flood victims and €125,000 to various charities.

Governance Achievements

  • Established a Sustainability Board and appointed a Corporate Sustainability Officer.
  • Developed a Code of Conduct for all employees.
  • Implemented a Compliance Management System (CMS) and an Information Security Management System (ISMS), aiming for ISO 27001 certification.
  • Appointed a Corporate Information Security Officer (CISO) and data protection coordinators.

Climate Goals & Targets

Long-term Goals:
  • Continue social commitment; targets for reducing emissions and promoting the common good.
Medium-term Goals:
  • Create a long-term sustainability strategy.
Short-term Goals:
  • Implement specific measures on corporate social responsibility.

Environmental Challenges

  • Limited opportunities to significantly reduce energy consumption due to leased buildings.
  • Difficulty in fully replacing business travel with virtual meetings.
  • Pandemic-related disruptions to some social initiatives.
Mitigation Strategies
  • Contact with property management to optimize energy efficiency in leased buildings.
  • Travel policy emphasizing video conferencing and train travel.
  • Shifting some events to online formats during the pandemic.

Supply Chain Management

Responsible Procurement
  • Preference for suppliers within Germany and Europe; tendering for larger procurements.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and cloud solutions

Reporting Standards

Frameworks Used: German Sustainability Codex

Sustainable Products & Innovation

  • msg.Insurance Suite (SaaS solution); AI-powered solutions for actuarial processes.