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OrganisationsTopdanmark
Topdanmark logo

Topdanmark

Insurance ServicesDenmarkCPH: TOP.CO
Last verified 7 months agotopdanmark.com

Topdanmark A/S, commonly referred to as Topdanmark, is a leading insurance company headquartered in Ballerup, Denmark (DK). Established in 1998, Topdanmark has grown to become one of the largest insurance providers in the Danish market, offering a comprehensive range of products and services across life and non-life insurance sectors.

The company is renowned for its innovative solutions, including health insurance, property coverage, and pension plans, which are tailored to meet the diverse needs of its clients. With a strong emphasis on customer service and digital transformation, Topdanmark has achieved notable milestones, including high customer satisfaction ratings and a robust market position.

Operating primarily in Denmark, Topdanmark continues to set industry standards, making it a trusted choice for individuals and businesses seeking reliable insurance solutions.

53
DitchCarbon score

+16 vs industry average

Topdanmark’s score of 53 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Insurance Services is among the least carbon-intensive industries

Industry performance

0.029
20192025

The Insurance Services industry has reduced its overall emissions by 7% since 2019

Emissions trajectory 2020 – 2026

0.0M0.0M0.0M0M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Topdanmark's reported carbon emissions

In 2023, Topdanmark reported total carbon emissions of approximately 5,539,200 kg CO2e. This includes Scope 1 emissions of about 752,800 kg CO2e, Scope 2 emissions of approximately 2,297,500 kg CO2e, and Scope 3 emissions of around 2,488,900 kg CO2e. The company has set ambitious climate commitments, aiming for a net-zero target by 2050. They plan to achieve a 45% reduction in carbon emissions for Scopes 1 and 2 by 2025, compared to 2019 levels, and a 70% reduction across all scopes by 2030. Topdanmark's emissions data is cascaded from its parent organization, Topdanmark A/S, and reflects their commitment to sustainability within the financial services sector. The company is a member of the Science Based Targets initiative (SBTi) and has established targets consistent with limiting global warming to 1.5°C. Their long-term strategy includes significant reductions in emissions from their investment and lending portfolios, covering 70% of total balance sheet assets as of 2022.

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Topdanmark’s Climate Goals (2030 & 2050)

3 goals

2025

45% reduction in Scope 1

Topdanmark, an insurance company, has set ambitious targets to reduce its carbon emissions to net-zero by 2050. The company believes it can…

At risk45%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

3 of 15 categories disclosed
Business Travel67%
Fuel & Energy Activities31%
Waste Generated in Operations2%
Business Travel67%
Fuel & Energy Activities31%
Waste Generated in Operations2%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Topdanmark logoTopdanmark
DKInsurance Services
7 months ago
53
Axa logoAxa
FRInsurance Services
11 days ago
100
View
Zurich logoZurich
CHBusiness Services
5 days ago
100
View
Nordea Bank logoNordea Bank
FIFinancial Intermediation
13 days ago
90
View
NN Group logoNN Group
NLFinancial Intermediation
23 days ago
88
View
Danske Bank A Slash S logoDanske Bank A Slash S
DKFinancial Intermediation
22 days ago
87
View
Aviva logoAviva
GBInsurance Services
12 hours ago
84
View

Frequently asked questions

Common questions about Topdanmark’s sustainability data and climate commitments

In 2023, Topdanmark reported total carbon emissions of approximately 5.5 million kg CO₂e. This includes Scope 1 emissions of about 753,000 kg CO₂e, Scope 2 emissions of roughly 2.3 million kg CO₂e, and Scope 3 emissions of around 2.5 million kg CO₂e. These figures highlight the company's overall carbon footprint and its commitment to tracking emissions across all operational scopes, which is essential for informing its sustainability strategies.

Data year: 2023

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Where does DitchCarbon
data come from?

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Ditchcarbonv260319.2
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