Sanlam

Sanlam, a South African-headquartered company in the insurance and pension funding services industry, has reported its carbon emissions and set reduction targets.

In 2024, Sanlam's reported Scope 1 emissions were 1,880,000 kg CO2e, Scope 2 emissions were 29,218,000 kg CO2e (location-based and market-based), and Scope 3 emissions totalled 33,656,000 kg CO2e. Key categories within Scope 3 included employee commute (10,515,000 kg CO2e) and business travel (8,910,000 kg CO2e).

Looking at historical data, in 2023, Sanlam's total emissions were approximately 63,637,000 kg CO2e, comprising 3,169,000 kg CO2e from Scope 1, 32,334,000 kg CO2e from Scope 2, and 28,134,000 kg CO2e from Scope 3. In 2022, total emissions were around 59,410,000 kg CO2e, with Scope 1 at 2,821,000 kg CO2e, Scope 2 at 33,605,000 kg CO2e, and Scope 3 at 22,984,000 kg CO2e. For 2021, total emissions were approximately 51,586,000 kg CO2e, consisting of 1,684,000 kg CO2e from Scope 1, 35,460,000 kg CO2e from Scope 2, and 14,442,000 kg CO2e from Scope 3.

Sanlam has set a near-term climate commitment to achieve a 10% reduction in Scope 1 and 2 GHG emissions by 2025, using 2019 as the baseline year. Additionally, Sanlam is considering measures to reduce its emissions, such as developing renewable energy initiatives or purchasing renewable energy certificates to offset Scope 1 and Scope 2 emissions.