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OrganisationsIf P&C Insurance
If P&C Insurance logo

If P&C Insurance

Insurance ServicesSweden
Last verified 2 months agoif.no

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.

71
DitchCarbon score

+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

Very Low

Insurance Services is among the least carbon-intensive industries

Industry performance

0.058
20182025

The Insurance Services industry has reduced its overall emissions by 25% since 2018

Emissions trajectory 2020 – 2028

000.0M000.0M000.0M000.0M0

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Sign up to see forecasted emissions and if they are on track for their climate goals

202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

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 goals

2030

42.5% reduction in Scope 2

Reduce absolute Scope 1 + 2 GHG emissions by 42.5% by 2030 from a 2020 base year.

On track42.5%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

9 of 15 categories disclosed
Investments77%
Use of Sold Products20%
Business Travel1%
Employee Commuting1%
Purchased Goods & Services1%
Capital Goods0%
Fuel & Energy Activities0%
Waste Generated in Operations0%
Investments77%
Use of Sold Products20%
Business Travel1%
Employee Commuting1%
Purchased Goods & Services1%
Capital Goods0%
Fuel & Energy Activities0%
Waste Generated in Operations0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2027 targetSee details
Active
CDP

Carbon Disclosure Project

Inherited from Sampo Oyj
Sign in to view
Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
If P&C Insurance logoIf P&C Insurance
SEInsurance Services
2 months ago
71
Axa logoAxa
FRDirect Life Insurance Carriers
11 days ago
100
View
Zurich logoZurich
CHInsurance Services
1 day ago
100
View
Prudential Financial logoPrudential Financial
GBInsurance Services
11 hours ago
79
View
ALLIANZ GROUP logoALLIANZ GROUP
DEInsurance Services
1 day ago
77
View
Metlife logoMetlife
USInsurance Services
1 day ago
72
View
Travelers logoTravelers
USInsurance Services
1 day ago
68
View

Frequently asked questions

Common questions about If P&C Insurance’s sustainability data and climate commitments

In 2025, If P&C Insurance's total carbon emissions were approximately 456 million kg CO2e. The emissions include roughly 1.5 million kg from Scope 1, about 1.6 million kg from Scope 2 (location-based), and a substantial 453 million kg from Scope 3, mainly from investments and the use of sold products. This data, reported at the parent company level, highlights the company's significant carbon footprint, primarily driven by its investment activities, which account for the largest share of emissions. Understanding these figures helps stakeholders assess the company's environmental impact and progress toward reduction targets.

Data year: 2025

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