Ageas

Ageas, a Belgian insurance and pension funding services provider, reported total emissions of approximately 93.1 million kg CO2e in 2024. This figure includes Scope 1 emissions of 16.2 million kg CO2e, Scope 2 market-based emissions of 5.37 million kg CO2e (or 35.15 million kg CO2e on a location-based method), and various Scope 3 emissions. Key Scope 3 categories in 2024 included fuel and energy-related activities at 19.64 million kg CO2e, purchased goods and services at 20.73 million kg CO2e, and downstream leased assets at 21.87 million kg CO2e.

Looking back, Ageas's total emissions were approximately 28.5 million kg CO2e in 2023, 21.69 million kg CO2e in 2022, 17.26 million kg CO2e in 2021, and 16.78 million kg CO2e in 2020. The company has observed a significant increase in reported emissions from 2023 to 2024, notably in Scope 3 categories like downstream leased assets and purchased goods and services.

Ageas has set several climate commitments. The company aims for carbon neutrality in its own operations (Scope 1 and Scope 2) by 2024 at the latest. Furthermore, Ageas targets a 30% reduction in combined Scope 1, Scope 2, Scope 3 business travel, and commuting emissions from its insurance activities by 2027, using a 2023 baseline. For its investment portfolios, Ageas is committed to reducing the GHG intensity (Scope 1 and Scope 2) in listed equities, corporate bonds, and infrastructure proprietary portfolios by 50% by 2030, with 2021 as the baseline year. The company also supports the European Green Deal's net-zero greenhouse gas emission target by 2050. Additionally, Ageas aims to reduce overall GHG emissions by 40% by 2024 compared to 2019 levels.