Baloise Sustainability Profile
Baloise Holding AG, commonly referred to as Baloise, is a prominent player in the insurance and financial services industry, headquartered in Basel, Switzerland (CH). Founded in 1863, Baloise has established a strong presence across Europe, particularly in Switzerland, Germany, and Belgium, offering a diverse range of products and services. The company specialises in life and non-life insurance, as well as asset management, providing tailored solutions that cater to both individual and corporate clients. Baloise is recognised for its innovative approach, leveraging digitalisation to enhance customer experience and streamline operations. With a commitment to sustainability and social responsibility, Baloise has garnered a solid market position, consistently achieving notable milestones in customer satisfaction and operational efficiency.
DitchCarbon Score
How does Baloise's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Baloise's score of 65 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Baloise's reported carbon emissions
In 2024, Baloise reported total carbon emissions of approximately 1,583,820,000 kg CO2e, with emissions distributed across various scopes: 4,785,000 kg CO2e (Scope 1), 616,000 kg CO2e (Scope 2, market-based), and a significant 1,578,820,000 kg CO2e (Scope 3). The previous year, 2023, saw total emissions of about 83,121,000 kg CO2e, with Scope 1 emissions at 4,078,000 kg CO2e and Scope 2 emissions at 632,000 kg CO2e. Baloise has set ambitious reduction targets, aiming for a 25% decrease in both Scope 1 and Scope 2 emissions by 2030, compared to 2022 levels. This commitment reflects their ongoing efforts to enhance sustainability and reduce their carbon footprint. Notably, Baloise achieved a remarkable 73.4% reduction in absolute CO2 emissions from 53,580,000 kg CO2e in 2000 to 14,257,000 kg CO2e in 2016. The company’s emissions data is sourced from Baloise Holding AG, ensuring transparency and accountability in their climate commitments. Baloise's initiatives align with industry standards, demonstrating a proactive approach to addressing climate change and promoting environmental responsibility.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 4,738,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,004,000 | 000,000 | 000,000 |
| Scope 3 | 85,257,000 | 00,000,000 | 0,000,000,000 |
How Carbon Intensive is Baloise's Industry?
How Carbon Intensive is Baloise's Location?
Baloise's Scope 3 Categories Breakdown
Baloise's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 95% of Scope 3 emissions.
Top Scope 3 Categories
Baloise's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Baloise has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
