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Baloise Holding AG

Common Name
Baloise Holding
Country
Switzerland
Sector
Financial Services
Industry
Insurance - Diversified
Employees
7,569
Ticker
BALN
Exchange
SIX SWISS EXCHANGE
Description
Baloise Holding AG is a prominent European financial services and insurance company headquartered in Basel, Switzerland. Its core function revolves around providing a diverse range of insurance produc...

Baloise Holding's GHG Emissions Data Preview

In 2024, Baloise Holding 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).

Baloise Holding has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Baloise Holding’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2022, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Baloise Holding’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 Baloise Holding’s data sources below and access millions more through our Disclosure Search.

a. Baloise Holding's Annual Report 2024
b. Baloise Holding's Annual Report 2023

Insights into Baloise Holding's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Baloise Holding amounted to 7,504 metric 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 Baloise Holding increased by 59.31%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

Baloise Holding's Scope 1 Emissions Over Time

20222023202401.5 k3 k4.5 k6 ktCO2e-14%+17%
  • Total Scope 1
  • Year-over-Year Change

What are Baloise Holding's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Baloise Holding were 4,785 metric tons of CO₂ equivalent (tCO₂e).a

Has Baloise Holding reduced its Scope 1 emissions over time?

Since 2022, Baloise Holding's Scope 1 emissions have remained relatively, stable, indicating that Baloise Holding's emissions have plateaued with no significant change in its operational footprint.ab

Compared to the previous year (2023), Baloise Holding's Scope 1 emissions increased by 17.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Baloise Holding's Scope 2 emissions?

In 2024, Baloise Holding reported Scope 2 greenhouse gas (GHG) emissions of 616 tCO₂e using the market-based method and 2,719 tCO₂e using the location-based method.a

What methodology does Baloise Holding use for Scope 2 reporting?

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

Baloise Holding's Scope 2 Emissions Over Time

20222023202407001.4 k2.1 k2.8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Baloise Holding's Value Chain Emissions

In 2024, Baloise Holding reported 1,578,820 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Baloise Holding includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Baloise Holding's Scope 3 Emissions Over Time

2022202320240400 k800 k1.2 M1.6 MtCO2e-3%+1799%
  • Total Scope 3
  • Year-over-Year Change

What are Baloise Holding's Scope 3 emissions?

In 2024, Baloise Holding reported total Scope 3 emissions of 1,578,820 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 5.49% of these emissions originated from upstream activities such as purchased goods and capital goods, while 94.51% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Baloise Holding reduced its Scope 3 emissions over time?

Since 2022, Baloise Holding's Scope 3 emissions have increased by 1,751.84%, reflecting a rising long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Baloise Holding's Scope 3 emissions increased by 1,799.42%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Baloise Holding disclose?

In 2024, Baloise Holding reported emissions for 7 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 Baloise Holding's Scope 3 emissions?

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

  • Investments (Cat. 15): 1,492,125 tCO₂e (94.51%)
  • Purchased Goods and Services (Cat. 1): 79,640 tCO₂e (5.04%)
  • Employee Commuting (Cat. 7): 3,323 tCO₂e (0.21%)

Baloise Holding's Scope 3 Emissions by Categories

Investments(Cat. 15)(94.5%)Purchased Goods andServices (Cat. 1)(5.0%)

Insights into Baloise Holding’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Baloise Holding reported Scope 1 greenhouse gas (GHG) emissions of 4,785 tCO₂e and total revenues of USD 7,027 millions. This translates into an emissions intensity of 0.68 tCO₂e per millions USD.a

Baloise Holding's Scope 1 Emissions Intensity Compared to Peers

201001,0005,00050,000Scope 1 Emissions (tCO2e)502002,00020,000200,000Revenues (Millions of USD)Zurich Insurance GroupYear: 2023Scope 1: 17,865 tCO2eRevenue: $M 56,410Scope 1 Intensity: 0.32 tCO2e/$MVZ HoldingYear: 2024Scope 1: 316 tCO2eRevenue: $M 627Scope 1 Intensity: 0.50 tCO2e/$MLuzerner KantonalbankYear: 2024Scope 1: 476 tCO2eRevenue: $M 778Scope 1 Intensity: 0.61 tCO2e/$MSwissquote Group HoldingYear: 2024Scope 1: 83 tCO2eRevenue: $M 734Scope 1 Intensity: 0.11 tCO2e/$MEFG InternationalYear: 2024Scope 1: 556 tCO2eRevenue: $M 1,655Scope 1 Intensity: 0.34 tCO2e/$MZuger KantonalbankYear: 2024Scope 1: 124 tCO2eRevenue: $M 358Scope 1 Intensity: 0.35 tCO2e/$MVontobel HoldingYear: 2024Scope 1: 308 tCO2eRevenue: $M 1,567Scope 1 Intensity: 0.20 tCO2e/$MCompagnie Financiere TraditionYear: 2023Scope 1: 367 tCO2eRevenue: $M 1,168Scope 1 Intensity: 0.31 tCO2e/$MPartners Group HoldingYear: 2024Scope 1: 467 tCO2eRevenue: $M 2,229Scope 1 Intensity: 0.21 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSwiss ReYear: 2024Scope 1: 1,728 tCO2eRevenue: $M 7,033Scope 1 Intensity: 0.25 tCO2e/$MBasler KantonalbankYear: 2024Scope 1: 286 tCO2eRevenue: $M 728Scope 1 Intensity: 0.39 tCO2e/$MJulius Baer GruppeYear: 2024Scope 1: 2,044 tCO2eRevenue: $M 4,303Scope 1 Intensity: 0.48 tCO2e/$MBanque Cantonale du ValaisYear: 2023Scope 1: 259 tCO2eRevenue: $M 343Scope 1 Intensity: 0.76 tCO2e/$MBerner KantonalbankYear: 2024Scope 1: 570 tCO2eRevenue: $M 621Scope 1 Intensity: 0.92 tCO2e/$MValiant HoldingYear: 2024Scope 1: 1,032 tCO2eRevenue: $M 612Scope 1 Intensity: 1.69 tCO2e/$MGraubuendner KantonalbankYear: 2024Scope 1: 187 tCO2eRevenue: $M 564Scope 1 Intensity: 0.33 tCO2e/$MUBS GroupYear: 2024Scope 1: 18,168 tCO2eRevenue: $M 36,563Scope 1 Intensity: 0.50 tCO2e/$MSt Galler KantonalbankYear: 2024Scope 1: 273 tCO2eRevenue: $M 619Scope 1 Intensity: 0.44 tCO2e/$MVaudoise Assurances HoldingYear: 2023Scope 1: 527 tCO2eRevenue: $M 1,784Scope 1 Intensity: 0.30 tCO2e/$MBanque Cantonale de GeneveYear: 2023Scope 1: 282 tCO2eRevenue: $M 712Scope 1 Intensity: 0.40 tCO2e/$MHelvetia Baloise HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MGlarner KantonalbankYear: 2024Scope 1: 46 tCO2eRevenue: $M 106Scope 1 Intensity: 0.43 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$M

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

In 2024, Baloise Holding reported a Scope 1 emissions intensity of 0.68 tCO₂e per millions USD. Compared to the peer group median of 0.39, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Baloise Holding rank on GHG emissions intensity within its industry?

In 2024, Baloise Holding ranked 20 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Baloise Holding among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Baloise Holding's Total Carbon Footprint

In 2024, Baloise Holding reported a total carbon footprint of 1,586,324 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1,706.1% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Baloise Holding's total carbon footprint was Scope 3 emissions, accounting for 99.53% of the company's total carbon footprint, followed by Scope 1 emissions at 0.3%.a

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