Fidelidade

Fidelidade, based in Portugal and operating in the insurance and pension funding services industry, aims for CO2 neutrality by 2050. The company also targets a 50% reduction in emissions per employee by 2030 (from a 2022 baseline) and net-zero emissions in its own operations (Scope 1, 2, and Scope 3 business travel) by 2040. These targets are aligned with limiting global warming to 1.5°C and the Paris Agreement.

In 2024, Fidelidade's total reported emissions were approximately 1.2 billion kg CO2e, comprising:

• Scope 1: 7,514,000 kg CO2e
• Scope 2 (market-based): 10,519,000 kg CO2e
• Scope 3: 1,187,431,000 kg CO2e, with significant contributions from investments (1,133,099,000 kg CO2e) and purchased goods and services (39,186,000 kg CO2e).

For 2023, the company reported total emissions of approximately 1.17 billion kg CO2e. This included:

• Scope 1: 7,791,000 kg CO2e
• Scope 2 (market-based): 11,392,000 kg CO2e
• Scope 3: 1,152,099,000 kg CO2e, primarily from investments (1,097,229,000 kg CO2e) and purchased goods and services (38,746,000 kg CO2e).

In 2022, Fidelidade's total emissions were approximately 1.37 billion kg CO2e, with:

• Scope 1: 7,557,000 kg CO2e
• Scope 2 (market-based): 15,419,000 kg CO2e
• Scope 3: 1,348,443,000 kg CO2e, driven by investments (1,291,106,000 kg CO2e) and purchased goods and services (39,212,000 kg CO2e).

Data from 2015 to 2024 is cascaded from Fidelidade - Companhia de Seguros, S.A.