Codan

Codan's reported carbon emissions

In 2025, Codan reported total carbon emissions of approximately 58.9 million kg CO2e, comprising 456,000 kg CO2e from Scope 1, 1,261,000 kg CO2e from Scope 2, and 57,166,000 kg CO2e from Scope 3 emissions. This represents a significant increase from 2024, where total emissions were approximately 43.1 million kg CO2e, with Scope 1 at 1,489,000 kg CO2e, Scope 2 at 1,038,000 kg CO2e, and Scope 3 at 40,564,000 kg CO2e. In 2023, emissions were approximately 52.9 million kg CO2e, with Scope 1 at 1,433,000 kg CO2e, Scope 2 at 928,000 kg CO2e, and Scope 3 at 50,601,000 kg CO2e. Codan has set near-term climate commitments targeting emissions reductions in both Scope 1 and Scope 2 by 2024. The company engaged external consultants to establish a baseline for its global operations, identify major emission sources, and develop a list of actions for emissions reduction. These initiatives align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to enhance governance of climate-related issues. Codan's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced from Codan Limited. The company continues to work towards effective management of its climate impact while striving for transparency in its emissions reporting.