Public Profile

Gjensidige

Gjensidige Forsikring ASA, commonly known as Gjensidige, is a leading insurance company headquartered in Oslo, Norway. Established in 1816, Gjensidige has a rich history and has evolved into a prominent player in the Nordic insurance market, providing a wide range of services across Norway and other major regions in Scandinavia. Specialising in general insurance, Gjensidige offers products such as property, casualty, and health insurance, distinguished by their customer-centric approach and innovative solutions. The company has achieved significant milestones, including a strong market position as one of Norway's largest insurers, recognised for its financial stability and commitment to sustainability. Gjensidige continues to set industry standards, making it a trusted choice for individuals and businesses seeking reliable insurance coverage.

DitchCarbon Score

How does Gjensidige'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.

29

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.

2

Industry Benchmark

Gjensidige's score of 29 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.

81%

Gjensidige's reported carbon emissions

In 2023, Gjensidige reported total carbon emissions of approximately 509,102,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 508,443,000 kg CO2e. Scope 2 emissions were approximately 340,000 kg CO2e, while Scope 1 emissions were around 659,000 kg CO2e. Gjensidige has set ambitious climate commitments, aiming for net zero emissions across all scopes by 2050. In the near term, the company targets a 75% reduction in greenhouse gas emissions from 2019 levels by 2025, covering Scope 1, 2, and 3 emissions. This commitment aligns with the Science Based Targets initiative (SBTi) and reflects their dedication to responsible investments and sustainable practices. The company has made notable progress in reducing its carbon footprint, with a total reduction of emissions from 2019 to 2023. Their ongoing efforts include enhancing operational efficiency and investing in sustainable projects to meet these targets. Gjensidige's commitment to transparency and accountability in its climate strategy positions it as a leader in the financial and insurance sectors in Norway and beyond.

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2017201820192020202120222023
Scope 1
-
0,000,000
0,000,000
0,000,000
000,000
000,000
-
Scope 2
4,660,000
0,000,000
0,000,000
0,000,000
000,000
000,000
000,000
Scope 3
2,009,000
000,000,000
00,000,000
00,000,000
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. Gjensidige'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. Gjensidige is headquartered in NO, which has a rank of very low, indicating very low grid carbon 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.

Gjensidige is committed to some 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers