Folksam
Folksam, officially known as Folksam Group, is a prominent insurance and financial services provider headquartered in Stockholm, Sweden. Established in 1908, the company has evolved into a leading player in the Nordic insurance market, with a strong presence across Sweden and Finland. Specialising in life insurance, property insurance, and pension savings, Folksam is renowned for its commitment to sustainability and customer-centric solutions. The company’s unique approach combines comprehensive coverage with a focus on ethical investments, setting it apart in a competitive landscape. With a robust market position, Folksam has achieved significant milestones, including being one of the largest mutual insurance companies in Sweden. Its dedication to social responsibility and innovation continues to drive its success in the insurance industry.
DitchCarbon Score
How does Folksam'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
Folksam's score of 35 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Folksam's reported carbon emissions
In 2023, Folksam reported total carbon emissions of approximately 745,217,000 kg CO2e. This figure includes 233,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 249,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 745,217,000 kg CO2e, fall under Scope 3, which includes emissions from the entire value chain, such as capital goods and business travel. Over the years, Folksam has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were approximately 723,000,000 kg CO2e, indicating a slight increase in 2023. However, from 2017 to 2023, Folksam has made significant strides in managing its emissions, with a reduction from about 1,143,394,000 kg CO2e in 2017 to the current figure. Despite these reductions, there are currently no specific reduction targets or climate pledges disclosed by Folksam, which suggests a need for further commitment to formalised climate action initiatives. The company has reported emissions across all three scopes, highlighting its awareness of the broader impact of its operations on climate change.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 539,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 544,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,147,611,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Folksam 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.
