Grupo Catalana Occidente Sustainability Profile
Grupo Catalana Occidente, headquartered in Spain, is a leading player in the insurance and financial services industry. Founded in 1864, the company has established a strong presence across various regions, particularly in Europe and Latin America. With a diverse portfolio, Grupo Catalana Occidente primarily focuses on life and non-life insurance, as well as reinsurance services, catering to both individual and corporate clients. Renowned for its commitment to customer service and innovative solutions, the company offers unique products that stand out in a competitive market. Over the years, Grupo Catalana Occidente has achieved significant milestones, solidifying its position as one of the top insurance groups in Spain. Its dedication to excellence and robust market strategies have earned it a reputation for reliability and trustworthiness in the financial sector.
DitchCarbon Score
How does Grupo Catalana Occidente'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
Grupo Catalana Occidente's score of 59 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Catalana Occidente's reported carbon emissions
In 2024, Grupo Catalana Occidente reported total carbon emissions of approximately 4,793,803,100 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 4,793,803,100 kg CO2e. Scope 1 emissions were approximately 19,053,600 kg CO2e, and Scope 2 emissions were about 1,139,700 kg CO2e. This represents a notable increase from 2023, where total emissions were approximately 32,814,800 kg CO2e, with Scope 1 at about 20,786,800 kg CO2e, Scope 2 at approximately 2,151,700 kg CO2e, and Scope 3 at about 9,876,300 kg CO2e. Grupo Catalana Occidente has committed to achieving net-zero emissions by 2050, joining the Net-Zero Insurance Alliance (NZIA) in 2021. The company aims to set intermediate, progressive, and science-based targets to reach carbon neutrality in its underwriting portfolio by 2050, focusing on both Scope 1 and Scope 2 emissions. These commitments reflect a long-term strategy to address climate change and reduce overall carbon footprint. The emissions data for Grupo Catalana Occidente is cascaded from its parent company, Grupo Catalana Occidente, S.A., which provides a comprehensive overview of the organisation's climate impact and commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 81,254.43 | 000,000 | 000,000 | 000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 83,070.46 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 |
How Carbon Intensive is Grupo Catalana Occidente's Industry?
How Carbon Intensive is Grupo Catalana Occidente's Location?
Grupo Catalana Occidente's Scope 3 Categories Breakdown
Grupo Catalana Occidente's Scope 3 emissions, which increased significantly last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Grupo Catalana Occidente'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.
Grupo Catalana Occidente 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.
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