Gothaer Finanzholding AG Sustainability Profile
Gothaer Finanzholding AG, commonly referred to as Gothaer, is a prominent player in the German insurance and financial services industry. Headquartered in Cologne, Germany, the company operates extensively across various regions in Europe, providing a diverse range of insurance solutions. Founded in 1820, Gothaer has a rich history marked by significant milestones, including its evolution into a leading mutual insurance company. The firm offers a comprehensive portfolio of products, including life, health, property, and liability insurance, distinguished by its customer-centric approach and innovative solutions. Gothaer's commitment to sustainability and digital transformation has solidified its market position, making it a trusted choice for individuals and businesses alike. With a strong emphasis on tailored services, Gothaer continues to achieve notable recognition within the industry, reflecting its dedication to excellence and client satisfaction.
DitchCarbon Score
How does Gothaer Finanzholding AG'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 Real Estate 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 Finanzholding AG's score of 14 is lower than 77% 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 Finanzholding AG's reported carbon emissions
In 2021, Gothaer Finanzholding AG reported total carbon emissions of approximately 13,695,000 kg CO2e. This figure includes Scope 1 emissions of about 7,367,000 kg CO2e, primarily from mobile combustion (1,233,000 kg CO2e) and fugitive emissions (18,000 kg CO2e). Scope 2 emissions, related to purchased electricity, accounted for around 200,000 kg CO2e, while Scope 3 emissions totalled approximately 6,128,000 kg CO2e, with significant contributions from employee commuting (3,420,000 kg CO2e) and purchased goods and services (262,000 kg CO2e). Gothaer has set ambitious reduction targets, aiming for a 50% reduction in both Scope 1 and Scope 2 emissions at its Cologne headquarters by 2025. This commitment reflects the company's proactive approach to climate action, aligning with industry standards for sustainability. The emissions data is cascaded from Gothaer Finanzholding AG, which is a current subsidiary, ensuring that the reported figures are reflective of the organisation's operational impact.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 5,083,500 | 0,000,000 |
| Scope 2 | 336,100 | 000,000 |
| Scope 3 | 7,909,400 | 0,000,000 |
How Carbon Intensive is Gothaer Finanzholding AG's Industry?
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Gothaer Finanzholding AG's Scope 3 Categories Breakdown
Gothaer Finanzholding AG's Scope 3 emissions, which decreased by 23% last year and decreased by approximately 23% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 56% of Scope 3 emissions.
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Gothaer Finanzholding AG'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.
Gothaer Finanzholding AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
