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Ageas SA

Common Name
Ageas
Country
Belgium
Sector
Financial Services
Industry
Insurance - Diversified
Employees
16,797
Ticker
AGS
Exchange
EURONEXT
Description
Ageas N.V. is a renowned international insurance company that principally operates in Europe and Asia. It specializes in offering comprehensive life and non-life insurance services, such as health, ac...

Ageas's GHG Emissions Data Preview

In 2024, Ageas completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Ageas has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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b
0000000
Total Scope 2
Market-Based
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a
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a
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b
0000000
Location-Based
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a
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a
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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b
0000000
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Verified Sources Behind Ageas’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ageas’s data sources below and access millions more through our Disclosure Search.

a. Ageas's Annual Report 2024
a. Ageas's Annual Report 2024
b. Ageas's Environmental Report 2023
b. Ageas's Environmental Report 2023

Insights into Ageas's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofAgeas amounted to51,391metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ageasincreased by 221.03%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Ageas's Scope 1 Emissions Over Time

20192020202120222023202404.5 k9 k13.5 k18 ktCO2e-25%+8%0%+10%+43%
  • Total Scope 1
  • Year-over-Year Change

What are Ageas's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Ageas were 16,238 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Ageas reduced its Scope 1 emissions over time?

Since 2019, Ageas's Scope 1 emissions have increased by 27.11%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Ageas's Scope 1 emissions increased by 43.17%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Ageas's Scope 2 emissions?

In 2024, Ageas reported Scope 2 greenhouse gas (GHG) emissions of 5,368 tCOâ‚‚e using the market-based method and 35,153 tCOâ‚‚e using the location-based method.a

Has Ageas reduced its Scope 2 emissions over time?

Compared to the previous year(2023), Ageas's Scope 2 emissions(Location-Based) rose by 653.39% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Ageas use for Scope 2 reporting?

In 2024, Ageas reported its Scope 2 emissions using the market-based method and using the location-based method.a

Ageas's Scope 2 Emissions Over Time

20192020202120222023202409 k18 k27 k36 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Ageas's Value Chain Emissions

In 2024, Ageas reported 5,291,380 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Ageas includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Ageas's Scope 3 Emissions Over Time

20192020202120222023202401.5 M3 M4.5 M6 MtCO2e-61%+18%+49%+8951%+450%
  • Total Scope 3
  • Year-over-Year Change

What are Ageas's Scope 3 emissions?

In 2024, Ageas reported total Scope 3 emissions of 5,291,380 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 1.1%of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.9%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Ageas reduced its Scope 3 emissions over time?

Since 2019, Ageas's Scope 3 emissionshave increased by 33,998.34%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Ageas's Scope 3 emissions increased by 450.3%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Ageas disclose?

In 2024, Ageas reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Ageas's Scope 3 emissions?

In 2024, the largest contributors to Ageas's Scope 3 emissions were:a

  • Investments (Cat. 15): 5,211,329 tCOâ‚‚e(98.49%)
  • Downstream Leased Assets (Cat. 13): 21,873 tCOâ‚‚e(0.41%)
  • Purchased Goods and Services (Cat. 1): 20,728 tCOâ‚‚e(0.39%)

Ageas's Scope 3 Emissions by Categories

Investments(Cat. 15)(98.5%)

Insights into Ageas’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Ageas reported Scope 1 greenhouse gas (GHG) emissions of 16,238 tCOâ‚‚e and total revenues of USD 8,824 millions. This translates into an emissions intensity of 1.84 tCOâ‚‚e per millions USD.a

Ageas's Scope 1 Emissions Intensity Compared to Peers

0.025500100,00020,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)MSBB Seguridade ParticipacoesYear: 2023Scope 1: 209 tCO2eRevenue: $M 1,045Scope 1 Intensity: 0.20 tCO2e/$MMMMomentum Group LtdYear: 2024Scope 1: 2,650 tCO2eRevenue: $M 6,036Scope 1 Intensity: 0.44 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MOUTsurance GroupYear: 2025Scope 1: 801 tCO2eRevenue: $M 2,171Scope 1 Intensity: 0.37 tCO2e/$MUniqa Insurance GroupYear: 2024Scope 1: 21,435 tCO2eRevenue: $M 5,934Scope 1 Intensity: 3.61 tCO2e/$MiA FinancialYear: 2024Scope 1: 6,757 tCO2eRevenue: $M 2,647Scope 1 Intensity: 2.55 tCO2e/$MGrupo Catalana OccidenteYear: 2024Scope 1: 19,054 tCO2eRevenue: $M 2,587Scope 1 Intensity: 7.36 tCO2e/$MPorto SeguroYear: 2024Scope 1: 1,683 tCO2eRevenue: $M 5,912Scope 1 Intensity: 0.28 tCO2e/$MNN GroupYear: 2024Scope 1: 1,896 tCO2eRevenue: $M 11,463Scope 1 Intensity: 0.17 tCO2e/$MHarelYear: 2022Scope 1: 4,260,000 tCO2eRevenue: $M 3,599Scope 1 Intensity: 1,183.55 tCO2e/$MUnipol AssicurazioniYear: 2024Scope 1: 9,062 tCO2eRevenue: $M 12,128Scope 1 Intensity: 0.75 tCO2e/$MVaudoise Assurances HoldingYear: 2023Scope 1: 527 tCO2eRevenue: $M 1,784Scope 1 Intensity: 0.30 tCO2e/$MVienna Insurance GroupYear: 2024Scope 1: 18,538 tCO2eRevenue: $M 13,454Scope 1 Intensity: 1.38 tCO2e/$MHelvetia Baloise HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MStar HealthYear: 2025Scope 1: 0 tCO2eRevenue: $M 2,000Scope 1 Intensity: 0.00 tCO2e/$MAvivaYear: 2024Scope 1: 7,437 tCO2eRevenue: $M 39,855Scope 1 Intensity: 0.19 tCO2e/$MSSSagaYear: 2024Scope 1: 109,647 tCO2eRevenue: $M 731Scope 1 Intensity: 150.02 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MPhoenix FinancialYear: 2024Scope 1: 3,783 tCO2eRevenue: $M 8,260Scope 1 Intensity: 0.46 tCO2e/$MSinar Mas MultiarthaYear: 2024Scope 1: 9,024 tCO2eRevenue: $M 1,621Scope 1 Intensity: 5.57 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MAegean AirlinesYear: 2024Scope 1: 1,412,799 tCO2eRevenue: $M 1,849Scope 1 Intensity: 763.88 tCO2e/$MSun Life FinancialYear: 2024Scope 1: 45,601 tCO2eRevenue: $M 19,936Scope 1 Intensity: 2.29 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MAgeasYear: 2024Scope 1: 16,238 tCO2eRevenue: $M 8,824Scope 1 Intensity: 1.84 tCO2e/$M

How does Ageas's GHG emissions intensity compare to its peers?

In 2024, Ageas reported a Scope 1 emissions intensity of 1.84 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.49, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Ageas rank on GHG emissions intensity within its industry?

In 2024, Ageas ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Ageas is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Ageas's Total Carbon Footprint

In 2024, Ageas reported a total carbon footprint of 5,342,771 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 446.54% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Ageas's total carbon footprint was Scope 3 emissions, accounting for 99.04% of the company's total carbon footprint, followed by Scope 2 emissions at 0.66%.a

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