Groupama

Groupama, a French insurance and pension funding services provider, reported approximately 2.97 billion kg CO2e in total emissions for 2024. This figure encompasses Scope 1 (approximately 28.8 million kg CO2e), Scope 2 (approximately 5.6 million kg CO2e), and Scope 3 (approximately 2.66 billion kg CO2e). For 2023, the company's total emissions were approximately 40.5 million kg CO2e, with Scope 1 emissions at approximately 21.4 million kg CO2e, Scope 2 at approximately 6 million kg CO2e, and Scope 3 at approximately 13.2 million kg CO2e.

Groupama has set a near-term target to achieve a 40% reduction in emissions by 2030 compared to a 2019 baseline, aiming for a total of 30,631 tonnes CO2e. The company's reporting includes Scope 1, 2, and 3 emissions, with detailed breakdown of some Scope 3 categories such as purchased goods and services, employee commute, and waste generated in operations.

Earlier data from 2021 and 2020 indicates less comprehensive disclosure of emissions data, with no specific figures provided for Scope 1, 2, or 3. However, production emission factors related to carbon intensity per unit of revenue were reported, suggesting an ongoing effort to measure environmental impact. The company's operational carbon intensity was reported as 0.0537 kg CO2e per EUR in 2024.

Groupama's climate commitments are aligned with its role in the insurance sector, which is increasingly focusing on sustainability and risk management related to climate change.