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Public Profile
Insurance Services
ZA
updated 9 days ago

Sanlam

Company websiteClaim

Sanlam Limited, a leading financial services group headquartered in South Africa (ZA), has been a cornerstone of the industry since its founding in 1918. With a strong presence across Africa and select international markets, Sanlam operates primarily in the insurance, investment, and wealth management sectors. The company offers a diverse range of products, including life insurance, asset management, and retirement solutions, distinguished by their customer-centric approach and innovative offerings. Sanlam's commitment to financial inclusion and sustainability has positioned it as a market leader, recognised for its robust financial performance and strategic partnerships. Over the years, Sanlam has achieved significant milestones, solidifying its reputation as a trusted provider of financial services, making it a preferred choice for individuals and businesses alike.

DitchCarbon Score

How does Sanlam'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.

40

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.

32

Industry Benchmark

Sanlam's score of 40 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.

59%

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Sanlam's reported carbon emissions

In 2023, Sanlam reported total carbon emissions of approximately 50,146,000 kg CO2e. This figure includes Scope 1 emissions of about 3,169,000 kg CO2e, primarily from stationary combustion (1,612,000 kg CO2e) and mobile combustion (212,000 kg CO2e). Scope 2 emissions, resulting from purchased electricity, accounted for approximately 32,334,000 kg CO2e. Notably, Scope 3 emissions were significant, totalling around 53,376,447 kg CO2e, with major contributions from business travel (9,739,000 kg CO2e) and employee commuting (8,296,000 kg CO2e). Comparatively, in 2022, Sanlam's total emissions were about 47,712,000 kg CO2e, indicating a slight increase in 2023. The company has set near-term reduction targets for both Scope 1 and Scope 2 emissions, focusing on developing renewable energy measures and purchasing renewable energy certificates to offset emissions. These initiatives aim to enhance energy efficiency and potentially generate carbon credits for the local carbon tax market. Sanlam's commitment to sustainability is reflected in its ongoing efforts to monitor and reduce its carbon footprint, aligning with industry standards for climate action. The emissions data is sourced directly from Sanlam Limited, with no cascaded data from parent organizations.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201020162017201820192020202120222023
Scope 1
30,000
000,000
000,000
000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
44,535,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
11,677,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Sanlam's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Sanlam is in ZA, which has a very high grid carbon intensity relative to other regions.

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.

Sanlam 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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