Fidelidade Sustainability Profile
Fidelidade, officially known as Fidelidade – Companhia de Seguros, S.A., is a leading insurance provider headquartered in Lisbon, Portugal. Established in 1835, the company has a rich history and has evolved into a key player in the insurance industry, offering a comprehensive range of products and services across life, health, and property insurance sectors. With a strong presence in Portugal and significant operations in various international markets, Fidelidade is renowned for its innovative solutions tailored to meet diverse customer needs. The company’s commitment to excellence is reflected in its robust market position, consistently recognised for its financial strength and customer service. Fidelidade’s unique offerings, including personalised insurance plans and digital services, set it apart in a competitive landscape, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Fidelidade'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
Fidelidade's score of 29 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fidelidade's reported carbon emissions
In 2023, Fidelidade reported total carbon emissions of approximately 59,443,000 kg CO2e. This figure includes Scope 1 emissions of about 2,288,000 kg CO2e, which comprise mobile combustion (approximately 1,849,000 kg CO2e), fugitive emissions (about 129,000 kg CO2e), and stationary combustion (1,000 kg CO2e). Scope 2 emissions accounted for approximately 1,079,000 kg CO2e (market-based) and 1,128,000 kg CO2e (location-based). The majority of emissions stemmed from Scope 3, totalling about 56,027,000 kg CO2e, with significant contributions from purchased goods and services (approximately 32,980,000 kg CO2e) and capital goods (about 14,898,000 kg CO2e). Fidelidade's emissions data is cascaded from its parent company, Fidelidade - Companhia de Seguros, S.A., reflecting a corporate family relationship. Despite the substantial emissions reported, there are currently no specific reduction targets or initiatives outlined in their climate commitments. The absence of defined reduction strategies suggests a need for further development in their sustainability approach. Overall, Fidelidade's emissions profile highlights the importance of addressing both direct and indirect emissions, particularly in the context of their extensive Scope 3 emissions, which represent a significant portion of their total carbon footprint.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,459,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,657,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,097,000 | 000,000 | 000,000 |
How Carbon Intensive is Fidelidade's Industry?
How Carbon Intensive is Fidelidade's Location?
Fidelidade'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.
Fidelidade has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
