Ageas, a prominent player in the insurance and pension funding services sector, is headquartered in Belgium (BE). Founded in 1824, the company has evolved significantly, establishing a strong presence across Europe and Asia. Ageas is renowned for its comprehensive range of insurance products, including life, health, and property insurance, as well as pension funding solutions tailored to meet diverse customer needs.
With a commitment to innovation and customer-centric services, Ageas stands out in the competitive insurance landscape. The company has achieved notable milestones, including strategic partnerships and expansions that enhance its market position. Recognised for its financial strength and reliability, Ageas continues to deliver unique value propositions, ensuring peace of mind for its clients while maintaining a strong focus on sustainability and responsible business practices.
+25 vs industry average
Ageas’s score of 64 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ageas's reported carbon emissions
Ageas, headquartered in Belgium and operating in insurance and pension funding services, is committed to reducing its environmental impact. For the reporting year 2024, the company reported a total of approximately 67.5 billion kg CO2e across Scope 1, 2, and 3 emissions.
Key Emissions Data (2024):
- Total Emissions: Approximately 67.5 billion kg CO2e.
- Scope 1 Emissions: Approximately 16.2 million kg CO2e.
- Scope 2 Emissions: Approximately 35.2 million kg CO2e (location-based).
- Scope 3 Emissions: Specific breakdown provided includes approximately 5.2 million kg CO2e for capital goods, 8.1 million kg CO2e for business travel, 13.4 million kg CO2e for employee commute, 21.9 million kg CO2e for downstream leased assets, 20.7 million kg CO2e for purchased goods and services, 0.7 million kg CO2e for waste generated in operations, and 19.6 million kg CO2e for fuel and energy-related activities, plus 23,000 kg CO2e for upstream transportation and distribution.
Climate Commitments and Reduction Targets:
Ageas has set several ambitious targets to drive down its greenhouse gas (GHG) emissions:
- Net Zero by 2050: The company aims to support the European Green Deal's net zero greenhouse gas emission target by 2050.
- Carbon Neutral Operations by 2024: Ageas is working towards achieving carbon neutrality in its own operations (Scope 1 and 2) by the end of 2024.
- GHG Emissions Reduction by 2024: Ageas has committed to reducing its GHG emissions by 40% by 2024, compared to a 2019 baseline.
- Scope 1, 2, and 3 Business Travel/Commuting Reduction: Under its Elevate27 strategy, Ageas aims for a 30% reduction in Scope 1, 2, and Scope 3 business travel and commuting emissions for its insurance activities by 2027, compared to a 2023 baseline.
- GHG Intensity Reduction for Investments by 2030: Ageas is committed to reducing GHG intensity in its listed equities, corporate bonds of listed issuers, and direct infrastructure portfolios by 50% by 2030, using a 2021 baseline (excluding unit-linked investments). This commitment applies to Scope 1, 2, and Scope 3 intensity.
These targets demonstrate Ageas's dedication to sustainable business practices within the insurance sector. The company's emissions data and reduction initiatives reflect its proactive approach to climate change mitigation.
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Ageas’s Climate Goals (2030 & 2050)
12 goals2024
40% reduction in Scope 2
Ageas aims to reduce GHG emissions by 40% compared to 2019.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 12 climate goals
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Ageas
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