Credendo
Credendo, officially known as Credendo Group, is a leading provider of credit insurance and risk management solutions headquartered in Belgium (BE). Established in 1921, the company has evolved to serve a diverse range of clients across Europe and beyond, specialising in trade credit insurance, political risk insurance, and surety bonds. With a strong focus on innovation, Credendo offers unique products that cater to the specific needs of businesses navigating complex international markets. The company has garnered a solid market position, recognised for its expertise in mitigating risks associated with cross-border trade. Notable achievements include a robust portfolio that supports companies in managing their credit risks effectively, ensuring sustainable growth in an ever-changing economic landscape.
DitchCarbon Score
How does Credendo'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
Credendo's score of 26 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credendo's reported carbon emissions
In 2021, Credendo reported carbon emissions of approximately 867,000 kg CO2e per full-time equivalent (FTE), reflecting their operational impact on the environment. This figure indicates a significant reduction from 2020, where emissions were about 1,540 kg CO2e per FTE, and from 2019, which saw emissions of around 3,000 kg CO2e per FTE. While specific Scope 1, 2, and 3 emissions data were not disclosed, the company has not set formal reduction targets or commitments under the Science Based Targets initiative (SBTi) or similar frameworks. This lack of specified reduction initiatives suggests that Credendo may still be in the early stages of formalising its climate commitments. Overall, Credendo's emissions data highlights a trend towards improved efficiency, but further transparency and commitment to reduction targets would enhance their climate strategy.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Credendo is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
