Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
Folksam, officially known as Folksam Group, is a prominent player in the insurance and pension funding services sector, headquartered in Sweden (SE). Established in 1908, the company has evolved significantly, focusing on providing comprehensive insurance solutions and pension funding services, excluding compulsory social security services.
With a strong presence across Sweden, Folksam offers a diverse range of products, including life insurance, property insurance, and pension plans, distinguished by their commitment to sustainability and customer-centric approach. The company has achieved notable milestones, such as being one of the largest insurance providers in the Nordic region, reflecting its robust market position and dedication to innovation in the insurance landscape.
66
DitchCarbon score
+27 vs industry average
Folksam’s score of 66 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Folksam?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Folksam's reported carbon emissions
Folksam, a Swedish insurance and pension funding services provider, reported total carbon emissions of approximately 746.2 million kg CO2e in 2023. This includes Scope 1 emissions of 233,000 kg CO2e, Scope 2 emissions of 249,000 kg CO2e, and Scope 3 emissions of 745,734,000 kg CO2e.
Looking back, Folksam's total emissions were about 728.4 million kg CO2e in 2022 and approximately 666.3 million kg CO2e in 2021. The company has observed an upward trend in its emissions over these years.
Folksam has set a near-term net-zero target for its own operations by 2030 for Scope 1 emissions, and for its investment portfolios by 2050.
Assessing Folksam as a supplier or portfolio company?
- See verified emissions data for over 2 million organizations
- View emissions forecasts for Folksam and the organizations you buy from or invest in
- Get PCAF data quality (DQ) scores, including for private organizations
Folksam’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Folksam20 days ago
66
Need this data for financed emissions?
PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more