Baloise

Baloise, headquartered in CH and operating in Financial intermediation services, except insurance and pension funding services, has reported its carbon emissions and set reduction targets.

For 2024, Baloise's total reported emissions were approximately 1.58 billion kg CO2e. This includes Scope 1 emissions of 4.785 million kg CO2e, Scope 2 market-based emissions of 616,000 kg CO2e (or location-based emissions of 2.719 million kg CO2e), and Scope 3 emissions of approximately 1.578 billion kg CO2e. A significant portion of Scope 3 emissions in 2024 came from investments, totalling 1.492 billion kg CO2e, and purchased goods and services, accounting for 79.64 million kg CO2e.

Looking at previous years, Baloise's total reported emissions were approximately 87.831 million kg CO2e in 2023 and 90.999 million kg CO2e in 2022. In 2023, Scope 1 emissions were 4.078 million kg CO2e, Scope 2 market-based emissions were 632,000 kg CO2e, and Scope 3 emissions were approximately 83.121 million kg CO2e, with purchased goods and services being 76.065 million kg CO2e. In 2022, Scope 1 emissions were 4.738 million kg CO2e, Scope 2 market-based emissions were 1.004 million kg CO2e, and Scope 3 emissions were approximately 85.257 million kg CO2e, with purchased goods and services at 79.452 million kg CO2e.

Baloise aims to reduce its operational emissions (Scope 1 and Scope 2) by 25% by 2030, compared to a 2022 baseline. Historical data shows a significant reduction in absolute Scope 1 emissions between 2000 and 2016, falling from 53.58 million kg CO2e to 14.257 million kg CO2e, representing a 73.4% decrease. Additionally, Scope 2 emissions per employee decreased by 32.5% between 2000 and 2016.

Baloise's emissions data is cascaded from its parent company, Baloise Holding AG, which is also the source for its CDP disclosures and performance data. RE100 initiative data is cascaded from Helvetia Holding AG.