Sanlam
Sanlam Limited, a leading financial services group headquartered in South Africa (ZA), has been a cornerstone of the industry since its founding in 1918. With a strong presence across Africa and select international markets, Sanlam operates primarily in the insurance, investment, and wealth management sectors. The company offers a diverse range of products, including life insurance, asset management, and retirement solutions, distinguished by their customer-centric approach and innovative offerings. Sanlam's commitment to financial inclusion and sustainability has positioned it as a market leader, recognised for its robust financial performance and strategic partnerships. Over the years, Sanlam has achieved significant milestones, solidifying its reputation as a trusted provider of financial services, making it a preferred choice for individuals and businesses alike.
DitchCarbon Score
How does Sanlam's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sanlam's score of 34 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sanlam's reported carbon emissions
In 2023, Sanlam reported total carbon emissions of approximately 63,734,000 kg CO2e. This figure includes Scope 1 emissions of about 3,169,000 kg CO2e, primarily from stationary combustion, which accounted for approximately 1,612,000 kg CO2e. Scope 2 emissions, mainly from purchased electricity, were about 32,334,000 kg CO2e. Additionally, Scope 3 emissions totalled around 28,134,000 kg CO2e, with significant contributions from business travel (approximately 12,023,000 kg CO2e) and employee commuting (about 10,370,000 kg CO2e). In comparison, the previous year, 2022, saw total emissions of about 59,410,000 kg CO2e, indicating a rise in emissions in 2023. Sanlam has not disclosed specific reduction targets or initiatives as part of their climate commitments, nor have they aligned with the Science Based Targets initiative (SBTi) for emissions reduction. Overall, while Sanlam has made strides in tracking and reporting their emissions across all three scopes, the absence of defined reduction targets suggests a need for further commitment to climate action.
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| 2007 | 2008 | 2009 | 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 225,000 | 00,000 | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 25,919,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 7,048,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sanlam is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
