Ageas Sustainability Profile
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 67 is higher than 79% 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 16,238,000 kg CO2e from Scope 1, 5,368,000 kg CO2e from Scope 2 (market-based), and significant contributions from Scope 3 emissions, including 5,230,000 kg CO2e from capital goods and 13,402,000 kg CO2e from employee commuting. The total emissions for 2023 were about 11,342,000 kg CO2e for Scope 1 and 934,000 kg CO2e for Scope 2 (market-based), with Scope 3 emissions reaching approximately 11,944,000 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 is committed to reducing greenhouse gas emissions by 40% compared to 2019 levels by 2024. Furthermore, under its Elevate27 initiative, Ageas targets a 30% reduction in Scope 1, 2, and 3 emissions related to business travel and commuting by 2027. Long-term, Ageas supports the European Green Deal's net-zero greenhouse gas emission target by 2050, demonstrating a commitment to sustainable practices across all scopes of emissions. The data reported is sourced directly from Ageas SA/NV, with no cascaded data from parent organizations.
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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 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Ageas's Industry?
How Carbon Intensive is Ageas's Location?
Ageas's Scope 3 Categories Breakdown
Ageas's Scope 3 emissions, which increased by 194% last year and increased by approximately 478% since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 24% of Scope 3 emissions.
Top Scope 3 Categories
Ageas's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ageas has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
