Grupo Ageas Portugal
Grupo Ageas Portugal, headquartered in Lisbon, is a prominent player in the insurance industry, specialising in life and non-life insurance products. Established in 2014, the company has quickly made a name for itself in the Portuguese market, building on the legacy of its predecessor, the former insurance division of the Ageas Group. With a strong focus on customer-centric solutions, Grupo Ageas Portugal offers a diverse range of services, including health, auto, and home insurance, tailored to meet the unique needs of its clients. The company is recognised for its innovative approach and commitment to sustainability, positioning itself as a leader in the sector. Notable achievements include a robust market presence across Portugal, where it continues to expand its operational footprint, ensuring comprehensive coverage and exceptional service for its customers.
DitchCarbon Score
How does Grupo Ageas Portugal'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 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
Grupo Ageas Portugal's score of 27 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Grupo Ageas Portugal's reported carbon emissions
In 2023, Grupo Ageas Portugal reported total carbon emissions of approximately 4,096,000 kg CO2e. This figure includes 1,336,000 kg CO2e from Scope 1 emissions, which primarily stem from mobile combustion, and 3,143,000 kg CO2e from Scope 3 emissions, with significant contributions from employee commuting and business travel. In 2022, the company recorded total emissions of about 3,866,000 kg CO2e, indicating a slight increase in emissions year-on-year. The 2021 emissions were approximately 1,875,000 kg CO2e, showcasing a significant reduction from the 2019 total of about 4,319,000 kg CO2e. This reduction reflects a downward trend in emissions over the years, particularly in Scope 3, which saw a decrease from 3,477,000 kg CO2e in 2019 to 2,743,000 kg CO2e in 2023. Despite these reductions, Grupo Ageas Portugal has not publicly committed to specific science-based targets or formal climate pledges. The absence of documented reduction targets suggests that while the company is actively monitoring and reporting its emissions, it may not yet have established formal commitments to further reduce its carbon footprint in line with global climate goals.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 842,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,054,000 | - | - | 0,000 | 00,000 |
| Scope 3 | 3,477,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Grupo Ageas Portugal is not committed to any reduction initiatives 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.
