Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros

Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros, headquartered in Spain and operating within the insurance and pension funding services sector, is actively engaged in addressing its carbon emissions and climate impact.

Emissions Data:

• 2022: Total emissions for Línea Directa Aseguradora, S.A. were approximately 4,678,750 kg CO2e. This comprised:
  • Scope 1: Approximately 470,950 kg CO2e.
  • Scope 2 (market-based): Approximately 395,960 kg CO2e.
  • Scope 2 (location-based): Approximately 1,239,860 kg CO2e.
  • Scope 3 emissions included business travel (approximately 22,010 kg CO2e), employee commute (approximately 2,653,400 kg CO2e), purchased goods and services (approximately 200 kg CO2e), and waste generated in operations (approximately 2,400 kg CO2e).
• 2021: Total emissions were approximately 4,520,700 kg CO2e.
  • Scope 1: Approximately 602,300 kg CO2e.
  • Scope 2 (market-based and location-based): Approximately 1,178,300 kg CO2e.
  • Scope 3 emissions included business travel (approximately 7,000 kg CO2e), employee commute (approximately 2,296,400 kg CO2e), purchased goods and services (approximately 16,500 kg CO2e), and waste generated in operations (approximately 4,580 kg CO2e).
• 2020: Total emissions were approximately 2,225,200 kg CO2e.
  • Scope 1: Approximately 469,600 kg CO2e.
  • Scope 2 (market-based): Approximately 431,700 kg CO2e.
  • Scope 2 (location-based): Approximately 1,190,600 kg CO2e.
  • Scope 3 emissions included business travel (approximately 6,900 kg CO2e), employee commute (approximately 1,305,300 kg CO2e), purchased goods and services (approximately 25,700 kg CO2e), and waste generated in operations (approximately 3,970 kg CO2e).
• 2019: Total emissions were approximately 2,793,830 kg CO2e.
  • Scope 1: Approximately 654,700 kg CO2e.
  • Scope 2 (market-based and location-based): Approximately 1,459,800 kg CO2e.
  • Scope 3 emissions included business travel (approximately 26,330 kg CO2e), employee commute (approximately 2,690,500 kg CO2e), purchased goods and services (approximately 59,100 kg CO2e), and waste generated in operations (approximately 7,560 kg CO2e).

Climate Commitments and Reduction Targets:

Línea Directa Aseguradora, S.A. has established several key climate commitments:

• Net Zero by 2050: The company aims to achieve Net Zero emissions before 2050, aligning with the 1.5°C scenarios outlined by the International Energy Agency (IEA), the Intergovernmental Panel on Climate Change (IPCC), and the Network for Greening the Financial System (NGFS). This commitment covers Scope 1 and Scope 2 emissions.
• Scope 1 and 2 Reduction Target: A significant reduction of 55% in Scope 1 and 2 CO2 equivalent emissions is targeted for 2030, using 2019 as the baseline year. This initiative focuses on diminishing the carbon footprint of its industrial operations.
• Scope 2 Intensity Reduction Target: The company aims to reduce its carbon intensity index (CII) for energy sold to the final client by 15% to 20% by 2030, also referencing a 2019 baseline. This aims to lower the carbon footprint of the solutions provided to its customers.

The company has indicated it is on track for its Scope 2 intensity target and has shown progress towards its Scope 1 and 2 absolute reduction target based on a two-year review. Línea Directa Aseguradora, S.A. has committed to near-term and long-term reduction targets.