Fennia Mutual Insurance Company Sustainability Profile
Fennia Mutual Insurance Company, commonly referred to as Fennia, is a prominent player in the Finnish insurance industry, headquartered in Finland (FI). Established in 1996, Fennia has built a strong reputation for providing comprehensive insurance solutions across various sectors, including property, liability, and personal insurance. With a focus on customer-centric services, Fennia distinguishes itself through tailored insurance products that cater to both individuals and businesses. The company has achieved significant milestones, including a robust market position as one of Finland's leading mutual insurance providers. Fennia's commitment to innovation and sustainability further enhances its appeal, making it a trusted choice for clients seeking reliable coverage in an ever-evolving landscape.
DitchCarbon Score
How does Fennia Mutual 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 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 Mutual Insurance Company's score of 32 is higher than 50% 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 Mutual Insurance Company's reported carbon emissions
In 2024, Fennia Mutual Insurance Company reported total carbon emissions of approximately 142,428,500 kg CO2e. This figure includes about 489,450 kg CO2e from Scope 2 emissions, while the majority, approximately 141,889,140 kg CO2e, falls under Scope 3 emissions. Notably, the Scope 3 emissions encompass significant contributions from investments (about 958,044,000 kg CO2e), business travel (approximately 679,540 kg CO2e), and purchased goods and services (around 3,679,190 kg CO2e). Fennia has set ambitious climate commitments, aiming for a 100% reduction in greenhouse gas emissions for both Scope 1 and Scope 2 by 2030. This target reflects a strong commitment to sustainability and aligns with industry standards for climate action. The company is currently in the early stages of this initiative, with the target year set for 2030. Fennia's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. The company is actively working towards its climate goals, demonstrating a proactive approach to reducing its environmental impact.
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| 2024 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 489,450 |
| Scope 3 | 141,889,140 |
How Carbon Intensive is Fennia Mutual Insurance Company's Industry?
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Fennia Mutual Insurance Company's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Investments" being the largest emissions source at 675% of Scope 3 emissions.
Top Scope 3 Categories
Fennia Mutual Insurance Company'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 Mutual Insurance Company 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.
