Sanlam
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.
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
Sanlam's score of 37 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sanlam's reported carbon emissions
In 2023, Sanlam reported total carbon emissions of approximately 63,734,000 kg CO2e. This figure includes 3,169,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, primarily from purchased electricity, accounted for about 32,334,000 kg CO2e. Additionally, Scope 3 emissions, which cover indirect emissions from the value chain, totalled approximately 28,134,000 kg CO2e, with significant contributions from business travel (about 12,023,000 kg CO2e) and employee commuting (approximately 10,370,000 kg CO2e). Sanlam has set ambitious near-term climate commitments aimed at achieving net-zero emissions. The company is focusing on reducing its Scope 1 and Scope 2 emissions by developing renewable energy measures and purchasing renewable energy certificates. These initiatives are expected to be implemented between 2023 and 2025, although specific reduction percentages have not been disclosed. Over the past few years, Sanlam has demonstrated a commitment to sustainability, with total emissions decreasing from approximately 84,830,000 kg CO2e in 2019 to the current level in 2023. This reflects a proactive approach to managing and reducing their carbon footprint in alignment with industry standards and climate goals.
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| 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 30,000 | 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 |
| Scope 3 | 11,677,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
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.
