R Plus V Versicherung Sustainability Profile
R+V Versicherung, a prominent player in the German insurance industry, is headquartered in Wiesbaden, Germany. Founded in 1922, the company has established itself as a trusted provider of a wide range of insurance products, including life, health, property, and liability insurance. With a strong presence across various regions in Germany, R+V Versicherung is known for its customer-centric approach and innovative solutions tailored to meet diverse client needs. The company has achieved significant milestones, including a robust market position as one of the leading mutual insurance companies in Germany. R+V Versicherung distinguishes itself through its comprehensive coverage options and commitment to sustainability, making it a preferred choice for individuals and businesses alike. With a focus on reliability and service excellence, R+V continues to enhance its offerings, ensuring clients receive the best protection for their assets and well-being.
DitchCarbon Score
How does R Plus V Versicherung'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 Insurance Services 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
R Plus V Versicherung's score of 41 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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R Plus V Versicherung's reported carbon emissions
In 2024, R Plus V Versicherung reported total carbon emissions of approximately 48,874,738,700 kg CO2e. This figure includes Scope 1 emissions of about 30,002,800 kg CO2e, Scope 2 emissions of approximately 51,746,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 48,792,990,000 kg CO2e, which encompasses various categories such as investments, business travel, and purchased goods and services. R Plus V has set ambitious climate commitments, aiming for net greenhouse gas neutrality in its operations (Scope 1 and Scope 2) by 2025. Additionally, the company has established a long-term target to achieve net-zero emissions across all scopes by 2050, particularly focusing on its capital investments. This commitment was formalised in 2021, with a clear goal to reduce greenhouse gas emissions from these investments to net zero by 2050. In the near term, R Plus V aims to reduce its emissions from business operations in Germany by at least 30% by 2025, reflecting a proactive approach to climate action. The company’s emissions data is independently reported and does not cascade from any parent organisation, ensuring transparency in its sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 8,169,178 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 1,062,758 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 10,301,357 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000,000 |
How Carbon Intensive is R Plus V Versicherung's Industry?
How Carbon Intensive is R Plus V Versicherung's Location?
R Plus V Versicherung's Scope 3 Categories Breakdown
R Plus V Versicherung's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
R Plus V Versicherung'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.
R Plus V Versicherung 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.
