Sipef

Sipef, a company headquartered in Belgium operating in insurance and pension funding services, reported approximately 1.2 billion kg CO2e in total emissions for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

In 2024, Sipef's Scope 1 emissions were approximately 1.09 billion kg CO2e, and Scope 2 emissions stood at about 10.76 million kg CO2e. Scope 3 emissions for the same year were approximately 97.16 million kg CO2e, with purchased goods and services accounting for the largest portion at around 58.89 million kg CO2e.

Looking at previous years, Sipef reported total emissions of approximately 651.51 million kg CO2e in 2023, comprising about 636.36 million kg CO2e for Scope 1 and 15.15 million kg CO2e for Scope 2. In 2022, total emissions were approximately 658.27 million kg CO2e, with Scope 1 at around 645.52 million kg CO2e and Scope 2 at approximately 12.76 million kg CO2e. For 2021, total emissions were approximately 628.36 million kg CO2e, with Scope 1 at about 616.94 million kg CO2e and Scope 2 at approximately 11.42 million kg CO2e. In 2020, total emissions were around 535.93 million kg CO2e, with Scope 1 at approximately 527.07 million kg CO2e and Scope 2 at about 8.86 million kg CO2e. Emissions for 2019 totalled approximately 413.80 million kg CO2e, with Scope 1 at about 409.17 million kg CO2e and Scope 2 at approximately 4.63 million kg CO2e.

Sipef has established climate commitments, including a near-term target for a 28% reduction in net emissions intensity from a 2021 baseline for Scope 1 and 2 emissions related to Oil Palm (OP.1) by 2030. Additionally, Sipef aims to install methane capture at all mills by 2030. The company's latest reported emissions data for 2024 includes upstream categories for Scope 3, with a focus on purchased goods and services.