- Impact of inflation on Non-Life business in several markets
- Slowdown in Asian economies and challenging low interest rates in China
- Geopolitical volatility affecting financial markets
- Data limitations for EU Taxonomy reporting
Ageas SA/NV
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Ageas SA/NV disclosed greenhouse gas emissions of 29.5K tCO2e/year (own operations). By scope: Scope 1: 11.2K tCO2e/year; Scope 2: 1.4K tCO2e/year; Scope 3: 17.3K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
29.5K tCO2e/year (own operations)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 11.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 17.3K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 29.5K tCO2e/year (own operations) |
| 2021 | 17.9K tCO2e (2021) |
| 2020 | 16.7K tCO2e/year (2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon emissions of own operations by more than 20% compared to 2019 (considering updated emission factors, just below 30%)
- Invested EUR 13.2 billion in assets making a positive contribution to the transition towards a more sustainable world (surpassing the original ambition set for 2024)
- Achieved a 28% share of gross written premiums from products that stimulate the transition to a more sustainable world (exceeding the 25% target)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025 (not explicitly stated, but implied)
- Reduce GHG emissions by 40% by 2024 (compared to 2019)
📅 Medium-term
- Achieve 50% reduction of GHG intensity of investment portfolios by 2030
- Decarbonise real estate investments based on CRREM 1.5°C national pathways by 2030
🔭 Long-term
- Net zero emissions in investment portfolio by 2050
- Carbon neutrality in own operations by 2024
🌱 ESG Focus Areas
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