Baloise

Baloise, a financial intermediation services company headquartered in Switzerland (CH), reported total carbon emissions of approximately 1.58 billion kg CO2e in 2024. This includes Scope 1 emissions of 4,785,000 kg CO2e, Scope 2 market-based emissions of 616,000 kg CO2e, and Scope 3 emissions of 1,578,820,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were investments (1,492,125,000 kg CO2e) and purchased goods and services (79,640,000 kg CO2e).

In 2023, Baloise's total emissions were approximately 89.9 million kg CO2e, comprising Scope 1 emissions of 4,078,000 kg CO2e, Scope 2 market-based emissions of 632,000 kg CO2e, and Scope 3 emissions of 83,121,000 kg CO2e. For 2022, the company's total emissions were about 91.0 million kg CO2e, with Scope 1 emissions at 4,738,000 kg CO2e, Scope 2 market-based emissions at 1,004,000 kg CO2e, and Scope 3 emissions at 85,257,000 kg CO2e.

Baloise has set near-term absolute reduction targets for its operational emissions (Scope 1 and Scope 2). The company aims to reduce Scope 1 emissions by 25% by 2030, compared to a 2022 baseline. Similarly, Baloise targets a 25% reduction in Scope 2 emissions by 2030, also against a 2022 baseline. Historical data indicates a significant reduction in Scope 1 emissions, with Baloise cutting absolute CO2 emissions from 53,580,000 kg CO2e in 2000 to 14,257,000 kg CO2e in 2016, representing a 73.4% reduction. Emissions data and reduction initiatives are inherited from the parent company, Baloise Holding AG.