Fennia
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 32 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fennia's reported carbon emissions
In 2023, Fennia reported total carbon emissions of approximately 709,761,000 kg CO2e. This figure includes Scope 1 emissions of about 92,000 kg CO2e, Scope 2 emissions of approximately 30,200 kg CO2e, and significant Scope 3 emissions, which total around 709,639,800 kg CO2e. The Scope 3 breakdown reveals that investments account for about 577,937,000 kg CO2e, while other categories such as business travel and employee commute contribute 561,000 kg CO2e and 277,000 kg CO2e, respectively. Fennia's emissions data is cascaded from its parent company, Vakuutusosakeyhtiö Henki-Fennia, reflecting a corporate family relationship. However, Fennia has not set specific reduction targets or climate pledges as part of its sustainability initiatives. The absence of defined reduction goals indicates a need for further commitment to climate action within the organisation. Overall, Fennia's emissions profile highlights the importance of addressing both direct and indirect emissions, particularly in the context of investment activities, to align with broader climate commitments and industry standards.
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| 2023 | |
|---|---|
| Scope 1 | 92,000 |
| Scope 2 | 30,200 |
| Scope 3 | 645,880,000 |
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.
Fennia is not participating in any of the initiatives that 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.
