Ethias Sustainability Profile
Ethias, officially known as Ethias SA, is a prominent insurance company headquartered in Belgium (BE). Established in 1907, Ethias has evolved into a key player in the insurance industry, primarily serving the Belgian market with a focus on life, health, and property insurance. The company is renowned for its commitment to customer-centric solutions and innovative insurance products tailored to meet diverse client needs. With a strong presence across major operational regions in Belgium, Ethias has achieved significant milestones, including the introduction of digital services that enhance customer experience. Its unique offerings, such as comprehensive coverage options and competitive pricing, position Ethias as a trusted choice for individuals and businesses alike. The company’s dedication to sustainability and social responsibility further solidifies its reputation in the market, making it a notable leader in the Belgian insurance landscape.
DitchCarbon Score
How does Ethias'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 Other 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
Ethias's score of 67 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ethias's reported carbon emissions
In 2024, Ethias reported total carbon emissions of approximately 3,430,000,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 10,269,170 kg CO2e. The breakdown of emissions for 2023 shows a total of about 10,751,000 kg CO2e, including Scope 1 emissions of approximately 2,330,000 kg CO2e and Scope 2 emissions of about 37,000 kg CO2e. The majority of Ethias's emissions are classified under Scope 3, which totalled around 8,384,000 kg CO2e in 2023. Ethias has set ambitious climate commitments, including a target to achieve a 70% reduction in absolute GHG emissions (Scope 1 and 2) by 2030, using 2023 as the baseline year. Additionally, the company has committed to a long-term net-zero target by 2050, as part of its alignment with the Science Based Targets initiative (SBTi). Furthermore, Ethias aims for a 51% reduction in GHG emissions per square metre from its property investment portfolio by 2029. These initiatives reflect Ethias's commitment to sustainability and its proactive approach to reducing its carbon footprint in the financial services sector.
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| 2021 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,580,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 9,000 | 000,000 | 000,000 |
| Scope 3 | 1,750,000 | 00,000,000 | 0,000,000,000 |
How Carbon Intensive is Ethias's Industry?
How Carbon Intensive is Ethias's Location?
Ethias's Scope 3 Categories Breakdown
Ethias's Scope 3 emissions, which increased significantly last year and increased significantly since 2021, 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 98% of Scope 3 emissions.
Top Scope 3 Categories
Ethias'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.
Ethias 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 Ethias's sustainability data and climate commitments