Skandia Sustainability Profile
Skandia, officially known as Skandia Group, is a prominent financial services company headquartered in Sweden (SE). Established in 1855, Skandia has evolved into a leading player in the insurance and asset management sectors, primarily serving the Nordic region and expanding its influence across Europe. The company offers a diverse range of products, including life insurance, pensions, and investment solutions, distinguished by their customer-centric approach and innovative digital platforms. Skandia's commitment to sustainability and responsible investing further enhances its market position, making it a trusted choice for clients seeking long-term financial security. With a rich history marked by significant milestones, Skandia continues to achieve notable recognition in the industry, solidifying its reputation as a forward-thinking leader in financial services.
DitchCarbon Score
How does Skandia'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
Skandia's score of 31 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Skandia's reported carbon emissions
Skandia, headquartered in Sweden (SE), has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established long-term reduction targets based on a 2019 baseline. Skandia aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 55% by the year 2032. Additionally, the company is targeting a 62% reduction in Scope 3 emissions, specifically from employee commuting and business travel, per employee within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) criteria, demonstrating Skandia's commitment to addressing climate change through measurable and science-aligned goals. As of now, there is no cascaded emissions data from a parent or related organization, indicating that Skandia is independently managing its climate impact. The company's proactive approach reflects a growing trend in the financial services industry to prioritise sustainability and reduce carbon footprints.
How Carbon Intensive is Skandia's Industry?
How Carbon Intensive is Skandia's Location?
Skandia'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.
Skandia 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.
