Sanlam Sustainability Profile
Sanlam Limited, a leading financial services group headquartered in South Africa (ZA), has been a cornerstone of the industry since its founding in 1918. With a strong presence across Africa and select international markets, Sanlam operates primarily in the insurance, investment, and wealth management sectors. The company offers a diverse range of products, including life insurance, asset management, and retirement solutions, distinguished by their customer-centric approach and innovative offerings. Sanlam's commitment to financial inclusion and sustainability has positioned it as a market leader, recognised for its robust financial performance and strategic partnerships. Over the years, Sanlam has achieved significant milestones, solidifying its reputation as a trusted provider of financial services, making it a preferred choice for individuals and businesses alike.
DitchCarbon Score
How does Sanlam'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
Sanlam's score of 40 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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Sanlam's reported carbon emissions
In 2024, Sanlam reported total carbon emissions of approximately 55,974,000 kg CO2e, a decrease from about 63,734,000 kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions at about 188,020 kg CO2e, Scope 2 emissions at approximately 2,921,814 kg CO2e, and Scope 3 emissions at around 2,487,593 kg CO2e. This reflects a commitment to reducing their carbon footprint, particularly in Scope 2 emissions, which are associated with energy consumption. Sanlam has set near-term reduction targets focusing on renewable energy initiatives to offset Scope 2 emissions. These initiatives include developing renewable energy measures and purchasing renewable energy certificates, aimed at decreasing energy-related emissions and potentially generating carbon credits for the local carbon tax market. The timeframe for these initiatives spans from 2023 to 2025. Overall, Sanlam's emissions data indicates a proactive approach to climate commitments, with a clear focus on reducing their carbon impact through strategic energy management and sustainability practices.
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Access structured emissions data, company-specific emission factors, and source documents
| 2010 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 30,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 44,535,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 11,677,000 | 00,000,000 | 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 Sanlam's Industry?
How Carbon Intensive is Sanlam's Location?
Sanlam's Scope 3 Categories Breakdown
Sanlam's Scope 3 emissions, which increased by 28% last year and increased by approximately 357% since 2010, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 60% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 18% of Scope 3 emissions.
Top Scope 3 Categories
Sanlam'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.
Sanlam 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.
