Skandia
Skandia, officially known as Skandia Group, is a prominent financial services company headquartered in Sweden (SE). Established in 1855, Skandia has evolved into a leading player in the insurance and asset management sectors, primarily serving the Nordic region and expanding its influence across Europe. The company offers a diverse range of products, including life insurance, pensions, and investment solutions, distinguished by their customer-centric approach and innovative digital platforms. Skandia's commitment to sustainability and responsible investing further enhances its market position, making it a trusted choice for clients seeking long-term financial security. With a rich history marked by significant milestones, Skandia continues to achieve notable recognition in the industry, solidifying its reputation as a forward-thinking leader in financial services.
DitchCarbon Score
How does Skandia'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
Skandia's score of 34 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Skandia's reported carbon emissions
In 2023, Skandia reported total carbon emissions of approximately 16,000,000 kg CO2e, comprising 12,782,000 kg CO2e from Scope 1, 3,064,000 kg CO2e from Scope 2, and 1,101,000 kg CO2e from Scope 3 emissions. The Scope 1 emissions primarily stem from mobile combustion (119,000 kg CO2e) and fugitive emissions (95,000 kg CO2e). Scope 2 emissions are largely attributed to purchased electricity (4,560,000 kg CO2e) and purchased heat (3,346,000 kg CO2e). Scope 3 emissions include waste generated in operations, accounting for 261,000 kg CO2e. Skandia has set ambitious reduction targets aligned with Science Based Targets initiative (SBTi) criteria, aiming to achieve a 55% reduction in absolute Scope 1 and 2 GHG emissions by 2032, using 2019 as the base year. Additionally, they plan to reduce Scope 3 emissions from employee commuting and business travel by 62% per employee within the same timeframe. These commitments reflect Skandia's dedication to addressing climate change and reducing its overall carbon footprint.
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| 2023 | |
|---|---|
| Scope 1 | 12,782,000 |
| Scope 2 | 3,064,000 |
| Scope 3 | 1,101,000 |
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.
Skandia is not committed to any reduction initiatives 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.
