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 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 17 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Skandia's reported carbon emissions
In 2023, Skandia reported total carbon emissions of approximately 16,000,000 kg CO2e, comprising emissions from Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions totalled about 12,782,000 kg CO2e, with mobile combustion contributing approximately 119,000 kg CO2e and fugitive emissions accounting for about 95,000 kg CO2e. Scope 2 emissions were reported at approximately 3,064,000 kg CO2e, primarily from purchased heat and electricity, with purchased electricity alone contributing about 4,560,000 kg CO2e. Scope 3 emissions totalled around 1,101,000 kg CO2e, with waste generated in operations being the only reported source at approximately 261,000 kg CO2e. Despite the significant emissions figures, Skandia has not disclosed specific reduction targets or initiatives as part of their climate commitments. This lack of defined targets may reflect broader industry trends where companies are increasingly pressured to establish clear climate action plans. As a result, Skandia's current emissions data highlights the need for enhanced transparency and commitment to sustainability practices in the financial services sector.
Unlock detailed emissions data
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Add to project| 2023 | |
|---|---|
| Scope 1 | 12,782,000 |
| Scope 2 | 3,064,000 |
| Scope 3 | 1,101,000 |
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 committed to any reduction initiatives 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.
