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.
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.
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.
Folksam's score of 35 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Folksam reported total carbon emissions of approximately 745,217,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 745,217,000 kg CO2e. Within this, emissions from capital goods were approximately 358,000 kg CO2e, and business travel contributed about 327,620 kg CO2e. Scope 1 emissions were around 233,000 kg CO2e, including fugitive emissions of about 67,000 kg CO2e, while Scope 2 emissions totalled approximately 249,000 kg CO2e. Comparatively, in 2022, Folksam's total emissions were about 723,000,000 kg CO2e, with Scope 3 emissions again being the largest contributor at approximately 727,456,000 kg CO2e. This indicates a slight increase in total emissions from 2022 to 2023. Despite the lack of specific reduction targets or initiatives disclosed, Folksam's commitment to addressing climate change is evident through its comprehensive emissions reporting across all three scopes. The company continues to monitor and disclose its carbon footprint, aligning with industry standards for transparency and accountability in climate action.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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 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.