Fennia Sustainability Profile
Fennia, officially known as Fennia Group, is a prominent Finnish insurance company headquartered in Helsinki, Finland (FI). Established in 1996, Fennia has grown to become a key player in the insurance industry, primarily serving the Finnish market with a focus on property and casualty insurance, as well as life insurance solutions. The company is renowned for its customer-centric approach, offering tailored insurance products that cater to both individuals and businesses. Fennia's commitment to innovation and sustainability sets it apart, as it continually adapts its services to meet the evolving needs of its clients. With a strong market position, Fennia has achieved notable milestones, including recognition for its exceptional customer service and financial stability, solidifying its reputation as a trusted insurance provider in Finland.
DitchCarbon Score
How does Fennia'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 Insurance Services 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
Fennia's score of 23 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Fennia's reported carbon emissions
In 2023, Fennia reported total carbon emissions of approximately 709,761,000 kg CO2e. This figure includes 92,000 kg CO2e from Scope 1 emissions, 34,000 kg CO2e from Scope 2 (market-based), and a significant 577,937,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions breakdown reveals substantial contributions from business travel (561,000 kg CO2e) and employee commuting (277,000 kg CO2e). Fennia's emissions data is cascaded from its parent company, Vakuutusosakeyhtiö Henki-Fennia, reflecting a corporate family relationship. However, there are currently no specific reduction targets or climate pledges documented for Fennia, indicating a potential area for future commitment and improvement in their sustainability strategy. Overall, Fennia's emissions profile highlights the importance of addressing both direct and indirect emissions, particularly in the context of business travel and employee commuting, as part of their climate commitments moving forward.
How Carbon Intensive is Fennia's Industry?
How Carbon Intensive is Fennia's Location?
Fennia'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.
Fennia 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.
