Gothaer
Gothaer Versicherungen, commonly referred to as Gothaer, is a prominent insurance provider headquartered in Cologne, Germany. Established in 1820, the company has evolved into a key player in the insurance industry, offering a diverse range of products and services across various sectors, including life, health, and property insurance. With a strong presence in both domestic and international markets, Gothaer is recognised for its innovative solutions tailored to meet the unique needs of its clients. The company prides itself on its customer-centric approach, leveraging advanced technology to enhance service delivery. Notable achievements include a robust market position, underscored by a commitment to sustainability and social responsibility, making Gothaer a trusted name in the insurance landscape.
DitchCarbon Score
How does Gothaer'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
Gothaer's score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gothaer's reported carbon emissions
In 2023, Gothaer reported total carbon emissions of approximately 20,128 kg CO2e, comprising 6,019 kg CO2e from Scope 1, 1,080 kg CO2e from Scope 2, and 10,029 kg CO2e from Scope 3 emissions. This reflects a significant reduction from 2022, where total emissions were about 9,980 kg CO2e, with Scope 1 emissions at 614,000 kg CO2e, Scope 2 at 4,303 kg CO2e, and Scope 3 at 5,062 kg CO2e. Gothaer has set ambitious climate commitments, aiming for a 50% reduction in emissions at its Cologne headquarters by 2025 for both Scope 1 and Scope 2 emissions. This target is part of a broader initiative to reduce overall CO2 emissions by 50% by 2026. Additionally, Gothaer plans to exit investments in coal energy companies globally by 2040, addressing Scope 3 emissions comprehensively. The company is also focused on reducing financed greenhouse gas emissions per million euros in equity and corporate bonds by 25% by the end of 2024, and aims for a 20% reduction in financed emissions per square metre in real estate equity by the same deadline. Gothaer's emissions data is sourced directly from Gothaer Versicherungsbank VVaG, with no cascaded data from parent organizations. The company continues to enhance its sustainability efforts, aligning with industry standards and climate action initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,043,800 | 0,000,000 | 0,000,000 | 000,000 | 0,000 |
| Scope 2 | 1,386,700 | 000,000 | 000,000 | 000,000 | 0,000 |
| Scope 3 | 9,443,100 | 0,000,000 | 0,000,000 | 0,000 | 00,000 |
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.
Gothaer 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.
