Groupama Sustainability Profile
Groupama, officially known as Groupama S.A., is a prominent French mutual insurance company headquartered in Paris, France. Established in 1900, Groupama has evolved into a key player in the insurance and financial services industry, with a strong presence across Europe and beyond. The company offers a diverse range of products, including life and health insurance, property and casualty insurance, and asset management services. What sets Groupama apart is its commitment to mutuality, ensuring that policyholders benefit from the company's success. With a robust market position, Groupama has received numerous accolades for its innovative solutions and customer-centric approach, solidifying its reputation as a trusted insurer. As it continues to expand its operations, Groupama remains dedicated to providing tailored insurance solutions that meet the evolving needs of its clients.
DitchCarbon Score
How does Groupama'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
Groupama's score of 32 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Groupama's reported carbon emissions
In 2023, Groupama reported total carbon emissions of approximately 1,518,000 kg CO2e in France. Globally, their emissions reached about 40,542,000 kg CO2e, which includes 21,368,000 kg CO2e from Scope 1, 5,964,000 kg CO2e from Scope 2, and 13,210,000 kg CO2e from Scope 3. This data reflects a significant reduction from 2022, when emissions in France were about 2,078,000 kg CO2e, indicating a decrease of approximately 27% year-on-year. Despite these reductions, Groupama has not set specific science-based targets (SBTi) or documented reduction initiatives. Their emissions data is not cascaded from a parent company, and they operate independently in their climate commitments. The company continues to focus on improving its sustainability practices, although specific pledges or initiatives have not been disclosed.
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| 2023 | |
|---|---|
| Scope 1 | 21,368,000 |
| Scope 2 | 5,964,000 |
| Scope 3 | 13,210,000 |
How Carbon Intensive is Groupama's Industry?
How Carbon Intensive is Groupama's Location?
Groupama'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.
Groupama 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.
