Velliv Pension And Livsforsikring Sustainability Profile
Velliv Pension and Livsforsikring, headquartered in Denmark (DK), is a prominent player in the pension and life insurance industry. Established in 2016, Velliv emerged from the merger of several well-respected companies, positioning itself as a trusted provider of financial security for individuals and businesses alike. With a strong focus on pension savings and life insurance products, Velliv offers unique solutions tailored to meet the diverse needs of its clients. The company is renowned for its commitment to sustainability and responsible investment practices, setting it apart in a competitive market. Velliv has achieved significant milestones, including a robust market presence across Denmark, and is recognised for its innovative approach to financial services. As a leader in the industry, Velliv continues to prioritise customer satisfaction and long-term financial well-being.
DitchCarbon Score
How does Velliv Pension And Livsforsikring'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
Velliv Pension And Livsforsikring's score of 67 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Velliv Pension And Livsforsikring's reported carbon emissions
In 2024, Velliv Pension And Livsforsikring reported total carbon emissions of approximately 8,857,881,000 kg CO2e. This figure includes Scope 1 emissions of about 222,000 kg CO2e, Scope 2 emissions of approximately 295,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 8,857,365,000 kg CO2e, primarily from investments (approximately 8,849,845,000 kg CO2e). The company has set ambitious climate commitments, aiming to reduce CO2e emissions from its property portfolio by 80% per square metre by 2030, compared to 2019 levels. Furthermore, Velliv's property portfolio is targeted to achieve carbon neutrality by 2040. These initiatives reflect a long-term commitment to sustainability and align with industry standards for climate action. Velliv is also a member of the Science Based Targets initiative (SBTi), with near-term targets set to align with a 1.5°C warming scenario, covering 53% of its total investment and lending by assets under management as of 2019. The company is committed to achieving net-zero emissions, with a deadline of 24 months from the launch of the Financial Institutions Net-Zero Standard. Overall, Velliv's emissions data and climate commitments demonstrate a proactive approach to addressing climate change, with a focus on significant reductions across all scopes of emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 399,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 281,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,054,936,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Velliv Pension And Livsforsikring's Industry?
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Velliv Pension And Livsforsikring's Scope 3 Categories Breakdown
Velliv Pension And Livsforsikring's Scope 3 emissions, which increased significantly last year and increased by approximately 740% since 2019, 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.
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Velliv Pension And Livsforsikring'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.
Velliv Pension And Livsforsikring 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.
