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Baloise Group, commonly referred to as Baloise, is a prominent Swiss-based provider of insurance and pension funding services, operating primarily across Switzerland, Germany, Belgium, and Luxembourg. Headquartered in Switzerland, the company specialises in non-compulsory social security insurance, offering a diverse range of products tailored to both individual and corporate clients. Founded in 1863, Baloise has a long-standing history of innovation and stability within the insurance industry.
The group’s core offerings include property and casualty insurance, life insurance, and pension solutions, distinguished by their customer-centric approach and digital integration. Recognised for its strong market position and commitment to sustainable growth, Baloise continues to adapt to evolving industry trends, maintaining its reputation as a trusted leader in the European insurance sector.
+3 vs industry average
Baloise Group’s score of 42 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Baloise Group, headquartered in CH and operating in the insurance and pension funding services industry, reported total emissions of approximately 1,584,221,000 kg CO2e for 2024. This includes Scope 1 emissions of around 4,785,000 kg CO2e, market-based Scope 2 emissions of about 616,000 kg CO2e, and Scope 3 emissions totalling approximately 1,578,820,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were investments (1,492,125,000 kg CO2e), purchased goods and services (79,640,000 kg CO2e), employee commute (3,323,000 kg CO2e), fuel and energy-related activities (1,733,000 kg CO2e), and business travel (908,000 kg CO2e).
In 2023, Baloise Group's total emissions were approximately 87,831,000 kg CO2e, comprising Scope 1 emissions of about 4,078,000 kg CO2e, market-based Scope 2 emissions of roughly 632,000 kg CO2e, and Scope 3 emissions of around 83,121,000 kg CO2e.
For 2022, the company reported total emissions of approximately 90,999,000 kg CO2e, with Scope 1 emissions at about 4,738,000 kg CO2e, market-based Scope 2 emissions at roughly 1,004,000 kg CO2e, and Scope 3 emissions of around 85,257,000 kg CO2e.
Baloise Group is committed to climate action with intermediate targets to reduce Scope 1 and Scope 2 emissions by up to 50% by 2030, using 2019 as the base year. This commitment is outlined in their 2024 Report on Non-Financial Matters.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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