- Global economic uncertainty due to inflation and high interest rates
Meritz Financial Group
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Meritz Financial Group disclosed greenhouse gas emissions of 8.5K tCO2e/year (Scope 1: 1967 Scope 2: 6527). By scope: Scope 1: 2.0K tCO2e/year; Scope 2: 6.5K tCO2e/year; Scope 3: 6.8K 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
8.5K tCO2e/year (Scope 1: 1967 Scope 2: 6527)
2023
Renewable Energy
13.3% (target for new building)
of total energy
Water Usage
63.6K m3/year
2023
Waste
196 tons/year
2023
Energy Use
166 TJ/year
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). | 2.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.8K 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 | 8.5K tCO2e/year (Scope 1: 1967 Scope 2: 6527) |
| 2018-01 to 2019-12 | 213.0 tCO2e/year (Scope 1) 1157.8 tCO2e/year (Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Established Net Zero 2050 target and strategy
- Achieved 237% of the 2023 greenhouse gas reduction target (compared to the previous year)
- Acquired ISO 14001 certification for environmental management system
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 & 2 emissions by 1.5% annually
📅 Medium-term
- Reduce Scope 1 & 2 emissions by 30% by 2030 compared to 2022
- Achieve 100% eco-friendly vehicle conversion by 2030 (Meritz Fire & Marine Insurance)
🔭 Long-term
- Net Zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeGovernanceSocial