Tryg Sustainability Profile
Tryg A/S, commonly referred to as Tryg, is a leading Nordic insurance company headquartered in Denmark (DK). Established in 1731, Tryg has evolved into a prominent player in the insurance industry, providing a wide range of services across Denmark, Norway, and Sweden. The company focuses on personal and commercial insurance, including property, casualty, and health coverage, distinguished by its customer-centric approach and innovative digital solutions. With a strong market position, Tryg has achieved significant milestones, including the acquisition of several key competitors, which has bolstered its presence in the region. The company is recognised for its commitment to sustainability and social responsibility, making it a trusted choice for customers seeking reliable insurance solutions. Through its comprehensive offerings and dedication to excellence, Tryg continues to set benchmarks in the Nordic insurance landscape.
DitchCarbon Score
How does Tryg'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
Tryg's score of 52 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tryg's reported carbon emissions
In 2024, Tryg A/S reported total carbon emissions of approximately 757,057,000 kg CO2e globally, with 1,080,000 kg CO2e from Scope 1 and 46,000 kg CO2e from Scope 2 emissions. In Denmark, the company recorded Scope 1 emissions of about 636,000 kg CO2e and Scope 2 emissions of 45,000 kg CO2e. Notably, Tryg has set an ambitious target to achieve a 42% reduction in Scope 1 emissions by 2030, compared to 2023 levels, and aims for 100% renewable electricity procurement in Scope 2 by the same year. In 2023, Tryg's emissions included 858,000 kg CO2e from Scope 1 and 2,629,000 kg CO2e from Scope 3, primarily from business travel. The company has committed to near-term targets aligned with the Science Based Targets initiative (SBTi), covering 88% of its total investment and lending portfolio by assets under management as of 2024. Tryg's climate commitments reflect its dedication to reducing its carbon footprint and transitioning towards sustainable practices, positioning itself as a responsible player in the financial and insurance sectors.
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| 2018 | 2019 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,594,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | - | - | 000,000 | - | 00,000 |
| Scope 3 | 2,545,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
How Carbon Intensive is Tryg's Industry?
How Carbon Intensive is Tryg's Location?
Tryg's Scope 3 Categories Breakdown
Tryg's Scope 3 emissions, which increased significantly last year and increased significantly since 2018, 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 56% of Scope 3 emissions.
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Tryg'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.
Tryg 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.
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Frequently Asked Questions
Common questions about Tryg's sustainability data and climate commitments