If P&C Insurance

If P&C Insurance's latest disclosed total emissions for 2025 were approximately 455.7 million kg CO2e. This included Scope 1 emissions of about 1.5 million kg CO2e, Scope 2 market-based emissions of approximately 1.4 million kg CO2e, and Scope 3 emissions of roughly 452.8 million kg CO2e. Key contributors to Scope 3 emissions were investments (approximately 347.1 million kg CO2e) and use of sold products (about 88.6 million kg CO2e).

For 2024, the company reported total emissions of approximately 360.6 million kg CO2e, comprising about 1.4 million kg CO2e for Scope 1, approximately 3.6 million kg CO2e for Scope 2 (market-based), and roughly 355.6 million kg CO2e for Scope 3.

In 2023, If P&C Insurance reported total emissions of approximately 383.1 million kg CO2e. This included Scope 1 emissions of about 137,000 kg CO2e and Scope 2 market-based emissions of roughly 1.0 million kg CO2e. Scope 3 emissions were approximately 382.0 million kg CO2e, with investments accounting for about 665.6 million kg CO2e and purchased goods and services for approximately 88.7 million kg CO2e.

Looking back to 2020, total emissions were around 493.8 million kg CO2e, with Scope 1 at about 2.2 million kg CO2e, Scope 2 market-based at approximately 4.9 million kg CO2e, and Scope 3 at roughly 486.8 million kg CO2e.

If P&C Insurance has set several climate commitments. The company has a near-term target to reduce absolute Scope 1 and Scope 2 GHG emissions by 42.5% by 2030, from a 2020 base year. This target is cascaded from its parent organization, If P&C Insurance Holding Ltd (publ). Additionally, the company had achieved a long-term target of reducing Scope 1 and Scope 2 CO2 emissions by 50% compared to 2008 levels by 2019 and 2018 respectively. A near-term target was also set to reduce CO2e emissions from its own operations by 60% by the end of 2021, compared to 2008 levels for both Scope 1 and Scope 2.