Porto Seguro Sustainability Profile
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.
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.
Industry Benchmark
Porto Seguro's score of 46 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 a significant 47,171,000 kg CO2e from Scope 3, primarily attributed to business travel. This data reflects a notable increase in emissions compared to 2022, where total emissions were about 11,547,790 kg CO2e from Scope 1, 1,319,680 kg CO2e from Scope 2, and 72,301,920 kg CO2e from Scope 3. Porto Seguro's emissions data is cascaded from its parent company, Porto Seguro S.A., indicating a corporate family relationship. Despite the lack of specific reduction targets or climate pledges, the company is actively engaged in monitoring its emissions across all scopes. The absence of documented reduction initiatives suggests a need for further commitment to climate action. Overall, Porto Seguro's emissions profile highlights the importance of addressing both direct and indirect emissions, particularly in the context of business travel, to align with global climate goals.
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| 2011 | 2012 | 2013 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| 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 |
How Carbon Intensive is Porto Seguro's Industry?
How Carbon Intensive is Porto Seguro's Location?
Porto Seguro's Scope 3 Categories Breakdown
Porto Seguro's Scope 3 emissions, which decreased by 35% last year and increased by approximately 246% since 2011, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Porto Seguro'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.
Porto Seguro 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.
