COVEA

Covéa, a French insurance and pension funding services provider, reported approximately 7.64 billion kg CO2e of total emissions for the 2024 fiscal year. This figure encompasses Scope 1, 2, and 3 emissions. The breakdown reveals that Scope 3 emissions accounted for the largest portion, at approximately 7.63 billion kg CO2e, with investments representing a significant contributor. Scope 1 emissions were approximately 6.58 million kg CO2e, and Scope 2 emissions (market-based and location-based) were around 3.28 million kg CO2e.

In 2023, Covéa's total emissions were approximately 59.4 million kg CO2e, comprising Scope 1 at about 2.97 million kg CO2e, Scope 2 at roughly 4.16 million kg CO2e, and Scope 3 at approximately 52.27 million kg CO2e.

For the 2022 fiscal year, Covéa reported Scope 1 and 2 emissions totalling approximately 7.43 million kg CO2e. Comprehensive Scope 3 data was not detailed for this year, though purchased goods and services were identified as a missing data point.

In 2019, Covéa disclosed Scope 3 emissions, including capital goods at approximately 13.39 million kg CO2e, business travel at about 7.40 million kg CO2e, employee commute at roughly 22.69 million kg CO2e, purchased goods and services at approximately 3.46 million kg CO2e, and waste generated in operations at around 0.16 million kg CO2e.

Covéa's sustainability reporting indicates a commitment to climate action, with their latest sustainability report for 2024 available, detailing their environmental performance. The organisation has not specified any formal reduction targets or commitments to initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge. Emissions data is reported at the Group Covéa level.