Sanlam Limited, a leading player in the insurance and pension funding services sector, is headquartered in South Africa (ZA). Founded in 1918, the company has established a strong presence across various regions, including Southern Africa and select international markets. Sanlam offers a diverse range of products, including life insurance, investment solutions, and retirement funding, distinguished by their customer-centric approach and innovative offerings.
With a commitment to financial security, Sanlam has achieved significant milestones, positioning itself as a trusted partner in wealth creation and protection. The company is renowned for its robust market presence and has received numerous accolades for its service excellence and financial stability. As a key player in the insurance industry, Sanlam continues to adapt and evolve, ensuring it meets the changing needs of its clients.
-3 vs industry average
Sanlam’s score of 34 is lower than 47% 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
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sanlam's reported carbon emissions
Sanlam, a financial services company headquartered in South Africa (ZA), has reported its carbon emissions across various scopes for fiscal years 2015 through 2023. **Recent Emissions Data:** * **2023:** Sanlam reported a total of approximately 63,637,000 kg CO2e. This included Scope 1 emissions of about 3,169,000 kg CO2e, primarily from stationary combustion. Scope 2 emissions were approximately 32,334,000 kg CO2e, predominantly from purchased electricity (location-based). Scope 3 emissions totalled around 28,134,000 kg CO2e, with business travel and employee commute being significant contributors. * **2022:** Total emissions for 2022 were approximately 59,410,000 kg CO2e. Scope 1 emissions were about 2,821,000 kg CO2e, while Scope 2 emissions stood at approximately 33,605,000 kg CO2e. Scope 3 emissions amounted to roughly 22,984,000 kg CO2e. * **2021:** The company's total emissions for 2021 were approximately 51,586,000 kg CO2e. This comprised Scope 1 emissions of about 1,684,000 kg CO2e and Scope 2 emissions of approximately 35,460,000 kg CO2e. Scope 3 emissions were around 14,442,000 kg CO2e. * **2020:** Sanlam reported total emissions of approximately 51,652,000 kg CO2e. Scope 1 emissions were around 1,644,000 kg CO2e, and Scope 2 emissions were approximately 33,150,000 kg CO2e. Scope 3 emissions totalled about 16,858,000 kg CO2e. * **2019:** Total emissions for 2019 were approximately 71,875,000 kg CO2e. Scope 1 emissions were about 2,391,000 kg CO2e, and Scope 2 emissions were approximately 41,353,000 kg CO2e. Scope 3 emissions were around 28,131,000 kg CO2e. * **2018:** Sanlam's total emissions in 2018 were approximately 75,932,000 kg CO2e, with Scope 1 at about 163,000 kg CO2e and Scope 2 at approximately 38,022,000 kg CO2e. Scope 3 emissions were around 37,747,000 kg CO2e. * **2017:** Total emissions in 2017 were approximately 66,307,000 kg CO2e, including Scope 1 emissions of about 260,000 kg CO2e and Scope 2 emissions of approximately 42,122,000 kg CO2e. Scope 3 emissions were around 23,925,000 kg CO2e. * **2016:** The company reported total emissions of approximately 71,964,000 kg CO2e, with Scope 1 at about 522,000 kg CO2e and Scope 2 at approximately 44,761,000 kg CO2e. Scope 3 emissions were around 26,681,000 kg CO2e. * **2015:** Total emissions for 2015 were approximately 54,029,000 kg CO2e, comprising Scope 1 emissions of about 135,000 kg CO2e and Scope 2 emissions of approximately 36,999,000 kg CO2e. Scope 3 emissions were around 16,850,000 kg CO2e. **Climate Commitments and Reduction Initiatives:** Sanlam is actively engaged in climate mitigation efforts, with specific recommendations made in their 2021 Carbon Footprint report to reduce emissions. These include developing renewable energy measures or purchasing renewable energy certificates to offset Scope 2/Category 2 emissions. The company is exploring ways to decrease energy emissions and potentially sell carbon credits from renewable energy facilities it owns. **Note:** Emissions data for 2024 and 2025 are provided but lack comprehensive scope details beyond Scope 1 in some instances. For instance, 2024 emissions are listed as approximately 55,729,000 kg CO2e, with Scope 1 at about 1,880,000 kg CO2e. Similarly, 2025 emissions are approximately 62,875,000 kg CO2e, with Scope 1 at about 1,523,000 kg CO2e. Data for earlier years (2007-2014) also shows significant emissions but with incomplete scope breakdowns and varying reporting methodologies. Sanlam Limited is identified as the source for its CDP performance data.
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Sanlam’s Climate Goals (2030 & 2050)
2 goals2025
To reduce emissions calculated in the FY2021 inventory, it i…
To reduce emissions calculated in the FY2021 inventory, it is recommended that Sanlam considers: Developing renewable energy measures or pur…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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