Ageas
Ageas, a leading international insurance company, is headquartered in Belgium (BE) and operates across several key regions, including Europe and Asia. Founded in 1824, Ageas has established itself as a significant player in the insurance industry, focusing on life and non-life insurance products. The company is renowned for its innovative approach to insurance solutions, offering a diverse range of services that cater to both individual and corporate clients. Ageas stands out in the market with its commitment to customer-centricity and sustainable practices. With a strong market position, Ageas has achieved notable milestones, including strategic partnerships and expansions that enhance its service offerings. The company continues to evolve, adapting to the changing landscape of the insurance sector while maintaining a reputation for reliability and excellence.
DitchCarbon Score
How does Ageas'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
Ageas's score of 61 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ageas's reported carbon emissions
In 2024, Ageas reported total carbon emissions of approximately 62,000,000 kg CO2e, with emissions distributed across various scopes: 16,238,000 kg CO2e (Scope 1), 5,368,000 kg CO2e (Scope 2, market-based), and significant Scope 3 emissions totalling 39,394,000 kg CO2e. The Scope 3 emissions breakdown includes 5,230,000 kg CO2e from capital goods, 8,089,000 kg CO2e from business travel, and 13,402,000 kg CO2e from employee commuting, among others. In 2023, Ageas's emissions were approximately 43,000,000 kg CO2e, with Scope 1 emissions at 11,342,000 kg CO2e and Scope 2 emissions at 934,000 kg CO2e (market-based). The total Scope 3 emissions for that year were around 25,000,000 kg CO2e. Ageas has set ambitious climate commitments, aiming for carbon neutrality in its own operations (Scope 1 and 2) by 2024. Additionally, the company has pledged to support the European Green Deal's net-zero greenhouse gas emission target by 2050. Furthermore, under its Elevate27 initiative, Ageas aims to reduce GHG emissions by 30% across all scopes, including business travel and commuting, by 2027, using 2023 as the baseline. The company is also committed to reducing GHG intensity in its investments by 50% by 2030, compared to a 2021 baseline, specifically targeting listed equities and corporate bonds. These initiatives reflect Ageas's proactive approach to addressing climate change and reducing its carbon footprint.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 11,715,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 2,779,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 15,518,000 | 00,000,000 | 0,000,000 | 0,000,000 | 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.
Ageas 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.
