Ageas

Ageas, headquartered in Belgium and operating in the Insurance and pension funding services sector, reported total emissions of approximately 93.1 million kg CO2e in 2024. This includes Scope 1 emissions of 16.2 million kg CO2e, Scope 2 market-based emissions of 5.4 million kg CO2e, and various Scope 3 emissions. Notable Scope 3 categories for 2024 include 21.9 million kg CO2e from downstream leased assets, 20.7 million kg CO2e from purchased goods and services, 13.4 million kg CO2e from employee commuting, and 10.0 million kg CO2e from fuel and energy related activities.

In 2023, Ageas's total emissions were lower at approximately 30.1 million kg CO2e. This comprised Scope 1 emissions of 11.3 million kg CO2e and Scope 2 market-based emissions of 934,000 kg CO2e. Key Scope 3 contributions for 2023 were 11.9 million kg CO2e from employee commuting and 5.96 million kg CO2e from business travel. The total emissions in 2022 were 21.7 million kg CO2e, with Scope 1 at 10.3 million kg CO2e and Scope 2 (purchased electricity) at 760,000 kg CO2e.

Ageas is committed to significant climate action, aligning with the European Green Deal's net-zero greenhouse gas emission target by 2050 across all scopes. For its own operations, Ageas aims to achieve carbon neutrality for Scope 1 and Scope 2 emissions by 2024 at the latest. The company also targets a 40% reduction in Scope 1 and Scope 2 GHG emissions by 2024 compared to a 2019 baseline. Furthermore, under its 'Elevate27' programme, Ageas aims to reduce Scope 1, Scope 2, and Scope 3 (business travel and commuting of insurance activities) by 30% by 2027, using a 2023 baseline. Ageas has also committed to reducing GHG intensity in listed equities, corporate bonds, and direct infrastructure portfolios by 50% by 2030, compared to a 2021 baseline (excluding unit-linked). This includes Scope 1, Scope 2, and Scope 3.