Public Profile

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.

35

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.

27

Industry Benchmark

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.

84%

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Folksam's reported carbon emissions

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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Folksam's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Folksam is in SE, which has a very low grid carbon intensity relative to other regions.

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 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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