National Farmers Union Mutual Insurance Society

NFU Mutual, headquartered in Great Britain and operating within financial intermediation services, has established climate commitments and disclosed emissions data for its operations.

For the year 2023, NFU Mutual reported total emissions of approximately 3.32 million kg CO2e. This figure comprises Scope 1 emissions of about 754,000 kg CO2e, Scope 2 emissions of approximately 1.76 million kg CO2e, and Scope 3 emissions totalling around 804,000 kg CO2e. The company also notes that it is missing data for the Scope 3 category "purchased goods and services" for this reporting year. For the year 2020, NFU Mutual's total emissions were approximately 3.61 million kg CO2e, with Scope 1 emissions at about 1.89 million kg CO2e, Scope 2 at roughly 1.55 million kg CO2e, and Scope 3 at approximately 159,000 kg CO2e.

NFU Mutual has set ambitious reduction targets. The company aims for a 25% reduction in its own emissions by 2025 and a 50% reduction by 2030, using 2019 as the base year. Furthermore, NFU Mutual has a long-term ambition to become a Net Zero business by 2050. Specific to Scope 1 emissions, the target is to reduce these by 25% by 2025 and 50% by 2030, against the 2019 baseline, covering company cars, gas and electricity used in occupied premises, and business travel.

While no emissions data has been disclosed for 2024, NFU Mutual's climate strategy includes targets for emission reductions. The organisation has stated its intention to achieve a 25% reduction in its own emissions by 2025 and a 50% reduction by 2030, compared to a 2019 baseline. This strategy underpins its broader ambition to become a Net Zero business by 2050.