If P&C Insurance, also known as If P&C Insurance Group, is a leading provider within the insurance and pension funding services sector, primarily operating from its headquarters in SE. The company specialises in non-compulsory social security insurance, offering a broad range of products including property, casualty, and pension insurance solutions. Established in 1996, If P&C Insurance has grown to become one of the prominent players in the Nordic region, serving customers across multiple countries.
Known for its innovative risk management services and customer-centric approach, the company has built a strong market position through its comprehensive product portfolio and reliable claims handling. With a focus on sustainable growth and operational excellence, If P&C Insurance continues to be a key player in the insurance industry, recognised for its stability and industry expertise.
+32 vs industry average
If P&C Insurance’s score of 71 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
If P&C Insurance's reported carbon emissions
IF P&C Insurance, headquartered in SE and operating in the insurance and pension funding services sector, has reported significant carbon emissions across Scope 1, 2, and 3.
In 2025, the company's total emissions were approximately 455.7 million kg CO2e. This includes Scope 1 emissions of about 1.5 million kg CO2e, Scope 2 emissions of approximately 1.6 million kg CO2e (location-based), and substantial Scope 3 emissions totalling around 452.8 million kg CO2e. Key contributors to Scope 3 emissions in 2025 were investments (approximately 347.1 million kg CO2e) and the use of sold products (approximately 88.6 million kg CO2e).
The previous year, 2024, saw total emissions of approximately 360.6 million kg CO2e. Scope 1 emissions were around 1.4 million kg CO2e, while Scope 2 emissions stood at approximately 2.2 million kg CO2e (location-based). Scope 3 emissions were approximately 355.6 million kg CO2e, with investments accounting for about 253 million kg CO2e and the use of sold products for around 88.6 million kg CO2e.
IF P&C Insurance has established climate commitments, including a near-term target to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 42.5% by 2030, using 2020 as the base year. This target is aligned with a 1.5°C warming scenario. Previously, the company had achieved a long-term target of reducing CO2 emissions by 50% compared to 2008 levels by 2019, across both Scope 1 and Scope 2. They also had a near-term target to reduce Scope 1 and 2 emissions by 60% by the end of 2021, also from a 2008 baseline.
The emissions data is cascaded from the parent company, If P&C Insurance Holding Ltd (publ), with the company itself being a current subsidiary. Their SBTi (Science Based Targets initiative) commitments are set at the subsidiary level.
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If P&C Insurance’s Climate Goals (2030 & 2050)
5 goals2030
42.5% reduction in Scope 2
Reduce absolute Scope 1 + 2 GHG emissions by 42.5% by 2030 from a 2020 base year.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
Inherited from Sampo OyjThe Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about If P&C Insurance’s sustainability data and climate commitments
Data year: 2025
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