Public Profile

Porto Seguro

Porto Seguro S.A., commonly referred to as Porto Seguro, is a leading insurance and financial services provider headquartered in Brazil. Established in 1945, the company has grown to become a prominent player in the Brazilian insurance market, with a strong presence in major regions across the country. Specialising in a diverse range of products, Porto Seguro offers auto, health, life, and property insurance, alongside innovative financial solutions. Its commitment to customer service and technological advancements sets it apart from competitors, ensuring tailored coverage for individual and corporate clients alike. With a reputation for reliability and excellence, Porto Seguro has achieved significant milestones, including numerous awards for customer satisfaction and service quality. As a trusted name in the industry, Porto Seguro continues to strengthen its market position, providing peace of mind to millions of Brazilians.

DitchCarbon Score

How does Porto Seguro'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.

44

Industry Average

Mean score of companies in the Financial Intermediation 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.

26

Industry Benchmark

Porto Seguro's score of 44 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.

95%

Porto Seguro's reported carbon emissions

In 2023, Porto Seguro reported total carbon emissions of approximately 18,533,300 kg CO2e, comprising 1,853,330 kg CO2e from Scope 1, 1,084,000 kg CO2e from Scope 2, and 47,171,000 kg CO2e from Scope 3 emissions. This reflects a significant reliance on business travel as a major contributor to their overall emissions. Over the years, Porto Seguro has shown fluctuations in its emissions. For instance, in 2022, the company emitted about 13,146,470 kg CO2e, with Scope 1 emissions at 1,154,790 kg CO2e, Scope 2 at 1,319,680 kg CO2e, and a notable Scope 3 contribution of 72,301,920 kg CO2e. The trend indicates a growing emphasis on managing emissions, particularly in Scope 3, which often represents the largest share of a company's carbon footprint. Despite these figures, Porto Seguro has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within a challenging industry context, where insurance and financial services are increasingly scrutinised for their environmental impact. Overall, Porto Seguro's emissions data highlights the need for ongoing assessment and potential strategies to mitigate their carbon footprint, particularly in Scope 3 emissions, which are critical for achieving broader climate goals.

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20112012201320192020202120222023
Scope 1
1,874,250
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
757,190
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
13,642,530
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Porto Seguro's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Porto Seguro is headquartered in BR, which has a rank of very low, indicating very low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Porto Seguro is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

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