If P And C Insurance Sustainability Profile
If P And C Insurance, commonly referred to as If Insurance, is a leading provider of property and casualty insurance headquartered in Sweden (SE). Established in 1996, the company has grown to serve major operational regions across the Nordic countries, including Sweden, Norway, Finland, and Denmark. Specialising in a range of insurance products, If Insurance offers unique solutions in home, auto, and business insurance, distinguished by their customer-centric approach and innovative digital services. With a strong market position, If Insurance has achieved notable recognition for its commitment to sustainability and customer satisfaction, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does If P And C Insurance'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
If P And C Insurance's score of 56 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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If P And C Insurance's reported carbon emissions
In 2023, If P And C Insurance reported total carbon emissions of approximately 383,126,000 kg CO2e. This figure includes 137,000 kg CO2e from Scope 1 emissions, which primarily stem from mobile and stationary combustion. Scope 2 emissions accounted for about 1,034,000 kg CO2e, predominantly from purchased electricity (808,000 kg CO2e). The most significant contribution came from Scope 3 emissions, totalling approximately 381,955,000 kg CO2e, with major sources including investments (888,989,000 kg CO2e) and purchased goods and services (88,723,000 kg CO2e). In 2022, the company reported total emissions of about 6,794,000 kg CO2e, with Scope 1 emissions at 65,900 kg CO2e, Scope 2 emissions at approximately 1,112,800 kg CO2e, and Scope 3 emissions at 5,615,400 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Despite the substantial emissions figures, If P And C Insurance has not disclosed specific reduction targets or initiatives in their sustainability reports. The emissions data is cascaded from their parent company, IF P&C Insurance Holding Ltd (publ), and Sampo Oyj, indicating a corporate family relationship that influences their reporting and climate commitments. Overall, If P And C Insurance's emissions profile reflects the challenges faced by the insurance industry in managing carbon footprints, particularly in Scope 3 categories, which often represent the largest share of total emissions.
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| 2011 | 2012 | 2013 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 213,000 | 000,000 | 000,000 | - | - | 000,000 | 00,000 | 00,000 | 00,000 | 000,000 |
| Scope 2 | 4,468,000 | 0,000,000 | 0,000,000 | - | - | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 10,038,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
How Carbon Intensive is If P And C Insurance's Industry?
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If P And C Insurance's Scope 3 Categories Breakdown
If P And C Insurance's Scope 3 emissions, which increased significantly last year and increased significantly since 2011, 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 "Investments" being the largest emissions source at 233% of Scope 3 emissions.
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If P And C Insurance'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.
If P And C Insurance has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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