Skandia
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 higher than 57% 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
As of the latest available data, Skandia has not reported any specific carbon emissions figures in kg CO2e. However, the company has set ambitious climate commitments aimed at significant reductions in greenhouse gas emissions by 2032, using 2019 as the base year. Skandia's targets include a 55% reduction in absolute Scope 1 and Scope 2 emissions, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, respectively. Additionally, the company aims to reduce Scope 3 emissions—specifically from employee commuting and business travel—by 62% per employee. These commitments align with the Science Based Targets initiative (SBTi) criteria, demonstrating Skandia's dedication to addressing climate change and reducing its carbon footprint. The company is actively working towards these long-term goals, reflecting a proactive approach to sustainability within the financial services sector.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Skandia is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
