- High number of significant weather-related events impacting claims experience.
- Rising average costs due to high inflation.
- Very competitive market and high inflation in the UK.
- High claims experience in the US.
COVÉA SGAM
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, COVÉA SGAM disclosed greenhouse gas emissions of 59.4 ktCO2e. 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
59.4 ktCO2e
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 59.4 ktCO2e |
| 2022 | 56.3K tCO2e/year |
| 2021 | 8.6K t CO₂ eq (scopes 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced the Group’s emissions by 3% annually (across ESU operations) since 2019.
- Achieved a 21% saving on French central sites energy consumption in a single year (based on 2019 figures).
- More than 69,500 m2 of Covéa Immobilier’s operating property are BREEAM Refurbishment and fit out certified, and more than 76,000 m2 are BREEAM In-use certified.
- 17.6% of vehicle repairs included at least one used part (personal and light commercial vehicles less than five years old, eligible for repair and excluding weather events).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce the Group’s emissions by 3% annually (across ESU operations) until 2024.
🌱 ESG Focus Areas
EnvironmentRisk preventionEqual opportunitiesKnowledgeLocal economies and communities