Länsförsäkringar Sustainability Profile
Länsförsäkringar, officially known as Länsförsäkringar AB, is a prominent Swedish insurance company headquartered in Stockholm, Sweden. Established in 1996, it has grown to become a leading player in the insurance and financial services industry, primarily serving the Swedish market with a strong regional presence across various counties. The company offers a diverse range of products, including property, health, and life insurance, as well as banking services. Länsförsäkringar is distinguished by its unique cooperative model, which prioritises customer ownership and local engagement. This approach has solidified its reputation for exceptional customer service and tailored solutions. With a significant market share in Sweden, Länsförsäkringar has achieved notable milestones, including recognition for its sustainable practices and innovative insurance solutions, positioning itself as a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Länsförsäkringar'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
Länsförsäkringar's score of 67 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Länsförsäkringar's reported carbon emissions
In 2024, Länsförsäkringar reported total carbon emissions of approximately 16.08 billion kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 178,000 kg CO2e, Scope 2 emissions (market-based) were approximately 232,000 kg CO2e, and Scope 3 emissions accounted for about 16.08 billion kg CO2e. Notably, the majority of Scope 3 emissions stemmed from investments, which contributed approximately 15.98 billion kg CO2e. For the year 2023, Länsförsäkringar's emissions in Sweden were recorded at approximately 3.59 million kg CO2e, with Scope 1 emissions at about 130,400 kg CO2e, Scope 2 emissions at approximately 86,900 kg CO2e, and Scope 3 emissions reaching around 3.59 million kg CO2e. Länsförsäkringar has set ambitious climate commitments, aiming for a 90% reduction in greenhouse gas (GHG) intensity by 2045, starting from 2023. Additionally, they have established near-term targets to reduce emissions from operations (excluding remodelling and business travel) by 5% compared to 2021 levels for both Scope 1 and Scope 2 by 2023. The organisation's emissions data is sourced directly from Länsförsäkringar AB (publ), with no cascaded data from a parent company. This commitment to transparency and accountability reflects Länsförsäkringar's dedication to addressing climate change and reducing its carbon footprint.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 96,100 | 000,000 | 000,000 |
| Scope 2 | 63,200 | 000,000 | 000,000 |
| Scope 3 | 5,037,500 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Länsförsäkringar's Industry?
How Carbon Intensive is Länsförsäkringar's Location?
Länsförsäkringar's Scope 3 Categories Breakdown
Länsförsäkringar's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, 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 99% of Scope 3 emissions.
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Länsförsäkringar'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.
Länsförsäkringar 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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