Topdanmark Sustainability Profile
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.
DitchCarbon Score
How does Topdanmark'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 Insurance Services 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
Topdanmark's score of 48 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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, primarily from stationary and mobile combustion, and Scope 2 emissions of approximately 2,297,500 kg CO2e, mainly from purchased electricity. Additionally, Scope 3 emissions totalled around 2,488,900 kg CO2e, with significant contributions from business travel and fuel-related activities. Topdanmark has set ambitious climate commitments, aiming for net-zero emissions by 2050. The company targets a reduction of up to 70% in CO2e emissions across all scopes by 2030, with a specific goal of a 45% reduction in Scope 1 and 2 emissions by 2025, compared to 2019 levels. These targets are part of their commitment to align with the Science Based Targets initiative (SBTi), which covers 70% of their total investment and lending portfolio. The emissions data for Topdanmark is cascaded from the parent company, Topdanmark A/S, reflecting their corporate family relationship. The company is actively working towards these reduction targets, demonstrating a strong commitment to sustainability within the insurance sector in Denmark.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,741,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 1,355,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,985,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Topdanmark's Industry?
How Carbon Intensive is Topdanmark's Location?
Topdanmark's Scope 3 Categories Breakdown
Topdanmark's Scope 3 emissions, which increased by 2% last year and increased by approximately 25% since 2016, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 67% of Scope 3 emissions.
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Topdanmark'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.
Topdanmark has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
