Talanx Sustainability Profile
Talanx AG, a prominent player in the insurance and financial services sector, is headquartered in Hannover, Germany. Founded in 1996, Talanx has established itself as a leading provider of a diverse range of insurance solutions, including property and casualty, life, and health insurance. The company operates extensively across Europe, particularly in Germany, Poland, and the Nordic countries, as well as in selected markets in Asia and Latin America. Talanx is renowned for its innovative approach to risk management and customer-centric services, offering unique products tailored to meet the evolving needs of its clients. With a strong market position, Talanx has achieved notable milestones, including its listing on the Frankfurt Stock Exchange and recognition for its sustainable business practices. As a key player in the insurance industry, Talanx continues to drive growth and enhance its service offerings, solidifying its reputation as a trusted partner in financial security.
DitchCarbon Score
How does Talanx'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 Services Auxiliary to Financial Intermediation 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
Talanx's score of 59 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Talanx's reported carbon emissions
In 2024, Talanx reported total carbon emissions of approximately 130,900,000 kg CO2e for Scope 1, 46,137,000 kg CO2e for Scope 2 (market-based), and significant Scope 3 emissions, including 42,429,501,000 kg CO2e from investments and 18,168,000 kg CO2e from business travel. The company has set ambitious targets to reduce its carbon intensity by 30% by 2025 compared to 2020 levels for both Scope 1 and Scope 2 emissions, aiming for an annual reduction of about 7%. Additionally, Talanx is committed to achieving carbon neutrality at its German locations from the financial year 2019 onwards and aims for net zero emissions across its operations by 2050. In 2023, Talanx's emissions included approximately 8,821,000 kg CO2e for Scope 1, 9,739,000 kg CO2e for Scope 2, and 12,627,000 kg CO2e for Scope 3. The company has disclosed emissions data across all three scopes, demonstrating transparency in its climate commitments. Talanx's reduction initiatives are cascaded from its parent company, Talanx AG, which has established a comprehensive approach to sustainability, including a commitment to reduce the carbon intensity of its self-managed liquid portfolio by 30% by 2025 compared to a 2019 baseline. The company is actively working towards these targets while maintaining a focus on long-term sustainability goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,900,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 22,310,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 40,446,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Talanx's Industry?
How Carbon Intensive is Talanx's Location?
Talanx's Scope 3 Categories Breakdown
Talanx's Scope 3 emissions, which increased significantly last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Talanx'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.
Talanx 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.
