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OrganisationsQualitas
Qualitas logo

Qualitas

Insurance ServicesMexicoASX: QAL.AX
Last verified 10 months agoqualitas.com.mx

Qualitas, officially known as Qualitas Compañía de Seguros, S.A., is a prominent player in Mexico’s insurance and pension funding sector. Headquartered in Mexico City, the company operates extensively across major regions within the country, providing specialised services in non-compulsory social security insurance and related financial solutions. Founded in 1993, Qualitas has established a strong market presence through its focus on innovative risk management and customised insurance products.

The company’s core offerings include vehicle insurance, property coverage, and pension funding services, distinguished by their tailored approach and customer-centric focus. Recognised for its stability and growth, Qualitas has become a leading name in Mexico’s insurance industry, continually advancing its market position through strategic initiatives and a commitment to service excellence.

47
DitchCarbon score

+8 vs industry average

Qualitas’s score of 47 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Insurance Services is among the least carbon-intensive industries

Industry performance

0.058
20182025

The Insurance Services industry has reduced its overall emissions by 25% since 2018

Emissions trajectory 2020 – 2026

00.0M00.0M00.0M00.0M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Qualitas's reported carbon emissions

Qualitas, an insurance and pension funding services company based in Mexico, reported a total of approximately 33.79 million kg CO2e in emissions for the 2023 reporting year. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

Breaking down the emissions for 2023:

  • Scope 1 emissions were approximately 11.83 million kg CO2e.
  • Scope 2 emissions were approximately 3.55 million kg CO2e.
  • Scope 3 emissions accounted for approximately 18.37 million kg CO2e. Within Scope 3, significant categories included employee commute (approximately 3.26 million kg CO2e), purchased goods and services (approximately 3.56 million kg CO2e), and investments (approximately 1.80 million kg CO2e).

In the 2022 reporting year, Qualitas's total emissions were approximately 74.92 million kg CO2e, with Scope 1 at approximately 11.25 million kg CO2e, Scope 2 at approximately 2.93 million kg CO2e, and Scope 3 at approximately 60.74 million kg CO2e.

Qualitas has made commitments towards net-zero emissions. The company is a member of the Business Ambition for 1.5°C, having joined on June 1, 2022. Furthermore, Qualitas Controladora, S.A.B. de C.V. is committed to a net-zero target. Specific reduction targets and methodologies are available through the Science Based Targets initiative (SBTi).

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Qualitas’s Climate Goals (2030 & 2050)

2025

Near-zero scope 1 & 2

Target to achieve near-zero emissions for direct operations and purchased energy

On track94%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

9 of 15 categories disclosed
Capital Goods21%
Purchased Goods & Services19%
Employee Commuting18%
Investments10%
Upstream Leased Assets6%
Business Travel4%
Upstream Transportation & Distribution4%
Use of Sold Products0%
Capital Goods21%
Purchased Goods & Services19%
Employee Commuting18%
Investments10%
Upstream Leased Assets6%
Business Travel4%
Upstream Transportation & Distribution4%
Use of Sold Products0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Qualitas logoQualitas
MXInsurance Services
10 months ago
47
MetLife México, S.A. logoMetLife México, S.A.
MXInsurance Services
6 days ago
69
View
Z
Zurich Santander Seguros México, S.A.
MXInsurance Services
6 days ago
58
View
BBVA Seguros México, SA de CV, Grupo Financiero BBVA México logoBBVA Seguros México, SA de CV, Grupo Financiero BBVA México
MXInsurance Services
6 days ago
49
View
C
Chubb de Mexico Compania de Seguros, S.A. de C.V.
MXInsurance Services
16 days ago
49
View
General de Seguros, S.A. logoGeneral de Seguros, S.A.
PAInsurance Services
16 days ago
27
View
Seguros Atlas, S.A. logoSeguros Atlas, S.A.
MXInsurance Services
6 days ago
23
View

Frequently asked questions

Common questions about Qualitas’s sustainability data and climate commitments

Qualitas's estimated total carbon emissions for the 2023 reporting year are approximately 33.79 million kg CO₂e. This figure includes Scope 1, Scope 2, and Scope 3 emissions, with Scope 3 accounting for the largest share at roughly 18.4 million kg CO₂e. The company reports these emissions as part of its commitment to climate transparency and sustainability. Understanding this carbon footprint helps stakeholders assess Qualitas's environmental impact within the insurance and pension funding services sector in Mexico, especially as it works toward its net-zero targets.

Data year: 2023

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