Groupe Mutuel

Groupe Mutuel's reported carbon emissions

Groupe Mutuel, a financial intermediation services provider headquartered in CH, reported approximately 13.7 billion kg CO2e in total emissions for 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions amounted to about 387,900 kg CO2e, Scope 2 emissions were approximately 96,100 kg CO2e, and Scope 3 emissions constituted the vast majority at approximately 13.2 billion kg CO2e. In 2022, Groupe Mutuel's total emissions were approximately 15.4 billion kg CO2e, with Scope 1 emissions at about 372,800 kg CO2e, Scope 2 at roughly 97,800 kg CO2e, and Scope 3 at approximately 15 billion kg CO2e. While Groupe Mutuel is not formally affiliated with an externally supervised net-zero commitment, it has set a near-term intensity reduction target. The company aims to reduce the CO2 emissions and carbon intensity of its equity portfolio, which represents nearly 75 percent of its emissions, by 7 percent annually. This target is set for the period between 2023 and 2024. It is important to note that Scope 3 emissions, particularly from purchased goods and services, are identified as a missing data point in their reporting.