Folksam
Folksam, officially known as Folksam Group, is a prominent insurance and financial services provider headquartered in Stockholm, Sweden. Established in 1908, the company has evolved into a leading player in the Nordic insurance market, with a strong presence across Sweden and Finland. Specialising in life insurance, property insurance, and pension savings, Folksam is renowned for its commitment to sustainability and customer-centric solutions. The company’s unique approach combines comprehensive coverage with a focus on ethical investments, setting it apart in a competitive landscape. With a robust market position, Folksam has achieved significant milestones, including being one of the largest mutual insurance companies in Sweden. Its dedication to social responsibility and innovation continues to drive its success in the insurance industry.
DitchCarbon Score
How does Folksam'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
Folksam's score of 41 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Folksam's reported carbon emissions
In 2023, Folksam reported total carbon emissions of approximately 233,000 kg CO2e for Scope 1, 249,000 kg CO2e for Scope 2, and about 330,620 kg CO2e for Scope 3 emissions, which includes business travel and purchased goods and services. Notably, the company has committed to achieving climate neutrality in the management of its properties, with a target to reduce CO2e emissions by 10% by 2025 for both Scope 1 and Scope 2 emissions. The emissions data reflects a commitment to transparency, with all relevant scopes disclosed. Folksam's emissions have shown a slight increase in Scope 1 and 2 emissions compared to previous years, while Scope 3 emissions have remained significant, indicating a focus on addressing indirect emissions associated with their operations. Overall, Folksam's climate commitments and reduction initiatives demonstrate a proactive approach to managing their carbon footprint, aligning with industry standards for sustainability and climate action.
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| 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 539,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 544,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,050,700 | 000,000,000 | 00,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Folksam 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.
