Gjensidige Sustainability Profile
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.
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
Gjensidige's score of 69 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gjensidige's reported carbon emissions
In 2024, Gjensidige Forsikring ASA reported total carbon emissions of approximately 501.4 million kg CO2e. This figure includes Scope 1 emissions of about 434,000 kg CO2e, Scope 2 emissions of approximately 438,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 500.5 million kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, with a long-term target to achieve net zero emissions across its investment portfolios by 2050, initiated in 2023. Gjensidige's emissions data reflects a comprehensive approach to sustainability, with targets set under the Science Based Targets initiative (SBTi) covering 89% of its total investment and lending by financed emissions as of 2022. The company is committed to aligning its operations with the 1.5°C climate goal, ensuring that its strategies are consistent with necessary reductions to mitigate climate change. The company has also reported emissions for previous years, with 2023 emissions at approximately 528.7 million kg CO2e and 2022 emissions at about 495.8 million kg CO2e. These figures indicate a proactive stance in monitoring and managing carbon emissions, although specific reduction achievements were not detailed. Gjensidige's climate commitments are further reinforced by its participation in various sustainability initiatives, demonstrating a robust framework for addressing climate-related risks and opportunities within its operations and investment strategies.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | 000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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Gjensidige's Scope 3 Categories Breakdown
Gjensidige's Scope 3 emissions, which decreased by 5% last year and increased by approximately 698% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 13% of Scope 3 emissions.
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Gjensidige's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Gjensidige has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Gjensidige's sustainability data and climate commitments