Ageas

Ageas's reported carbon emissions

Ageas, a Belgium-based company operating in insurance and pension funding services, reported a total of **approximately 74.1 billion kg CO2e** in emissions for the year 2024. This total comprises Scope 1 emissions of around 16.2 million kg CO2e, Scope 2 emissions of approximately 35.2 million kg CO2e (location-based), and Scope 3 emissions estimated at nearly 22.7 million kg CO2e. For 2023, Ageas reported total emissions of approximately 27.8 billion kg CO2e. This included Scope 1 emissions of roughly 11.3 million kg CO2e, Scope 2 emissions of about 4.7 million kg CO2e (location-based), and Scope 3 emissions around 11.7 million kg CO2e. In terms of climate commitments, Ageas aims to support the net-zero greenhouse gas emission target by 2050. More immediately, under its Elevate27 strategy, the company is committed to a 30% reduction in Scope 1, Scope 2, and Scope 3 business travel and commuting for its insurance activities by 2027, using 2023 as a baseline. Ageas also aims to achieve carbon neutrality in its own operations by 2024. Furthermore, the company is working towards a 40% reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2024, compared to 2019 levels. Ageas has also committed to reducing the greenhouse gas intensity in its listed equities, corporate bonds of listed issuers, and direct infrastructure portfolios by 50% by 2030, relative to a 2021 baseline.