Elo Mutual Pension Insurance Company
Elo Mutual Pension Insurance Company, commonly referred to as Elo, is a prominent player in the Finnish pension insurance sector, headquartered in Helsinki, Finland. Established in 2014 through the merger of two established pension providers, Elo has quickly positioned itself as a leader in the industry, serving a diverse clientele across the country. Elo focuses on providing comprehensive pension insurance solutions, including statutory and supplementary pension plans, tailored to meet the needs of both employers and employees. Its commitment to sustainable investment practices and customer-centric services sets it apart in a competitive market. With a strong emphasis on innovation and digitalisation, Elo has achieved significant milestones, including recognition for its robust financial performance and customer satisfaction. As a mutual company, Elo prioritises the interests of its policyholders, ensuring a secure financial future for its members.
DitchCarbon Score
How does Elo Mutual Pension Insurance Company'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 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
Elo Mutual Pension Insurance Company's score of 30 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Elo Mutual Pension Insurance Company's reported carbon emissions
In 2023, Elo Mutual Pension Insurance Company reported total carbon emissions of approximately 6,347,000 kg CO2e from Scope 3, alongside 89,000 kg CO2e from Scope 1, and no emissions from Scope 2. This marks a significant focus on managing indirect emissions, which constitute the majority of their carbon footprint. In 2022, the company recorded total emissions of about 6,840,000 kg CO2e, with 6,840,000 kg CO2e from Scope 3, 125,000 kg CO2e from Scope 1, and 105,000 kg CO2e from Scope 2. This indicates a slight reduction in Scope 3 emissions year-on-year. Elo's emissions data from previous years shows a trend of increasing Scope 3 emissions, with 1,774,616,000 kg CO2e reported in 2021, and a combined total of 1,055,000 kg CO2e from Scope 1 and 2. The company has not disclosed specific reduction targets or initiatives, indicating a potential area for future commitment. Overall, Elo Mutual Pension Insurance Company is actively monitoring its carbon emissions, particularly in Scope 3, and is positioned to enhance its climate commitments moving forward.
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Add to project| 2017 | 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 154,000 | 000,000 | 000,000,000 | 000,000 | 00,000 |
| Scope 2 | 230,000 | 000,000 | 000,000,000 | 000,000 | - |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Elo Mutual Pension Insurance Company is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
