Talanx

Talanx's reported carbon emissions

Talanx, a financial services group headquartered in Germany, reported total carbon emissions of approximately 126.27 billion kg CO2e in 2023. This figure encompasses Scope 1, 2, and 3 emissions. For Scope 1 emissions in 2023, Talanx reported a total of approximately 8.82 billion kg CO2e, with stationary combustion accounting for about 1.23 billion kg CO2e and mobile combustion for approximately 7.59 billion kg CO2e. Scope 2 emissions for 2023 totalled roughly 9.74 billion kg CO2e, based on market-based reporting. Purchased electricity represented about 5.84 billion kg CO2e, and purchased heat accounted for approximately 3.90 billion kg CO2e. Location-based Scope 2 emissions were around 11.86 billion kg CO2e. Scope 3 emissions for 2023 amounted to approximately 12.63 billion kg CO2e. This included business travel at about 7.89 billion kg CO2e, fuel and energy-related activities at approximately 3.27 billion kg CO2e, and employee commute at about 0.48 billion kg CO2e. Purchased goods and services contributed approximately 0.56 billion kg CO2e. In 2022, Talanx reported total emissions of approximately 30.71 billion kg CO2e. Scope 1 emissions were about 8.58 billion kg CO2e, with mobile combustion at approximately 6.95 billion kg CO2e and stationary combustion at about 1.52 billion kg CO2e. Scope 2 emissions totalled around 10.07 billion kg CO2e (market-based). Purchased electricity was approximately 6.29 billion kg CO2e, and purchased heat was about 3.79 billion kg CO2e. Location-based Scope 2 emissions were around 11.76 billion kg CO2e. Scope 3 emissions in 2022 were approximately 12.06 billion kg CO2e, including business travel at about 5.48 billion kg CO2e and fuel and energy-related activities at approximately 5.59 billion kg CO2e. Talanx has established several climate commitments. The company aims for net-zero emissions by 2050, specifically targeting net-zero in its underwriting and investment activities. Additionally, Talanx is committed to achieving GHG neutrality in its global operations by 2030, including the offsetting of residual emissions. For its German operations, Talanx had a short-term goal to achieve a 25% reduction in combined Scope 1 and Scope 2 carbon emissions by 2025, using 2019 as the baseline. More recently, Talanx has set a new target to reduce Group-wide Scope 1 and market-based Scope 2 emissions from its own operations to a maximum of 12,700 tonnes of CO2e by 2030. This represents a 25% reduction compared to the 2024 baseline, where total emissions for these scopes were 16,889 tonnes of CO2e. Talanx's data is inherited from Talanx AG, its parent organisation.