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 62 is higher than 78% 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 42.5 billion kg CO2e, comprising 13,090,000 kg CO2e from Scope 1, 46,137,000 kg CO2e from Scope 2, and approximately 42.5 billion kg CO2e from Scope 3 emissions. This represents a significant increase from 2023, where total emissions were approximately 31.2 billion kg CO2e, with Scope 1 emissions at 8,821,000 kg CO2e, Scope 2 at 9,739,000 kg CO2e, and Scope 3 at 12,627,000 kg CO2e. Talanx has set ambitious climate commitments, aiming for a 30% reduction in carbon intensity for both Scope 1 and Scope 2 emissions by 2025, compared to 2020 levels. This translates to an annual reduction of about 7%. Additionally, the company is pursuing net zero emissions across its global operations by 2050, with specific targets for its German locations to achieve carbon neutrality from the financial year 2019 onwards. The emissions data for Talanx is cascaded from its parent company, Talanx AG, which provides a comprehensive overview of the group's climate impact and commitments. The company is actively working towards reducing its carbon footprint while enhancing its sustainability practices across all operations.
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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.
