- High inflation and interest rates posing affordability challenges in the insurance market.
- Global geopolitical environment and risk of political and social instability in South Africa.
- Climate change impacting insurance business and underwriting natural event risk.
- Demand for talent and increased mobility of labor markets presenting skills retention risks.
- Regulatory change increasing the cost and complexity of financial services organizations.
OUTsurance Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023-07 to 2024-06 reporting, OUTsurance Group Limited disclosed greenhouse gas emissions of 16.0K tCO2e/year. By scope: Scope 1: 819.3 tCO2e/year; Scope 2: 9.1K tCO2e/year; Scope 3: 6.1K 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
16.0K tCO2e/year
2023-07 to 2024-06
Renewable Energy
19%
of total energy
Water Usage
40.6K kL/year
2023-07 to 2024-06
Energy Use
11.8K MWh/year
2023-07 to 2024-06
📊 Emissions by Scope (2023-07 to 2024-06)
| 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). | 819.3 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.1K 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 |
|---|---|
| 2023-07 to 2024-06 | 16.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon footprint emissions per employee by 25% from 3.00 tCO2e in 2018 to 2.24 tCO2e in 2024.
- Increased onsite solar electricity generated to 2,247 MWh in 2024 from 307 MWh in 2018.
- Reduced paper usage per employee by 69% from 3.9 kg in 2018 to 1.2 kg in 2024.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce own operations footprint per employee by 2030
📅 Medium-term
- Achieve 50% reduction in own operations emissions per employee by 2030
- OUTsurance Ireland to reach break-even in the next five years.
🔭 Long-term
- Net-zero emissions by 2050
🌱 ESG Focus Areas
Climate changeDiversity & InclusionGovernanceSupplier relationshipsCommunity investment