Danica Pension, Livsforsikringsaktieselskab

Danica Pension, Livsforsikringsaktieselskab, a Denmark-based entity operating in insurance and pension funding services, reported a total of approximately 12.4 billion kg CO2e in emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions. For the preceding year, 2023, total emissions were approximately 11.2 billion kg CO2e. In 2022, the company reported approximately 8.0 billion kg CO2e in total emissions. Scope 3 emissions represent the largest portion of the company's reported footprint, with approximately 11.5 billion kg CO2e in 2024, approximately 10.3 billion kg CO2e in 2023, and approximately 7.1 billion kg CO2e in 2022. Scope 1 emissions for 2024 were approximately 674.4 million kg CO2e, followed by Scope 2 emissions of approximately 182.7 million kg CO2e. For 2023, Scope 1 emissions were around 688.1 million kg CO2e, and Scope 2 emissions were approximately 158.5 million kg CO2e. In 2022, Scope 1 emissions were approximately 715.0 million kg CO2e, with Scope 2 emissions at approximately 169.1 million kg CO2e.

The company's emissions data is cascaded from its ultimate parent, Danske Bank A/S, for SBTi and CDP initiatives. While specific reduction targets for Danica Pension are not detailed, the company's reporting for 2021 and 2020 under Scope 3 includes investment-related emissions, which were approximately 5.6 billion kg CO2e and 7.1 billion kg CO2e, respectively. Notably, the "purchased goods and services" category within Scope 3 is identified as a missing data point in the company's reporting.