In 2026, Codan 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).
Codan has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2026 | 2025 | 2024 | 2023-2019 |
|---|---|---|---|---|
Total Scope 1 | 487.08a | 456.15a | 1,485b | |
Total Scope 2 | ||||
Market-Based | 1,381.38a | 1,372.27a | N/A | |
Location-Based | 1,116.06a | 1,261.16a | N/A | |
Unspecified Calculation Method | N/A | N/A | 1,037b | |
Total Scope 3 | 69,105.32a | 66,002.61a | 51,835b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | N/A | 1.0278a | 4.0446b |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2026, the total operational greenhouse gas (GHG) emissions of Codan amounted to 1,603.14 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 2025, the total operational greenhouse gas (GHG) emissions of Codan decreased by 6.65%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2026, the total Scope 1 emissions of Codan were 487.08 metric tons of CO₂ equivalent (tCO₂e).a
Since 2023, Codan's Scope 1 emissions have decreased by 66.01%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2025), Codan's Scope 1 emissions increased by 6.78%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2026, Codan reported Scope 2 greenhouse gas (GHG) emissions of 1,381.38 tCO₂e using the market-based method and 1,116.06 tCO₂e using the location-based method.a
Compared to the previous year (2025), Codan's Scope 2 emissions (Location-Based) fell by 11.51% in 2026, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2026, Codan reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2026, Codan reported 69,105.32 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 2026 disclosure of Codan includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 10 in 2025, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2026, Codan reported total Scope 3 emissions of 69,105.32 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 89.32% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.68% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2023, Codan's Scope 3 emissions have increased by 36.57%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2025), Codan's Scope 3 emissions remained relatively stable, indicating that Codan's emissions have plateaued with no significant change in its value chain footprint.a
In 2026, Codan reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2026, the largest contributors to Codan's Scope 3 emissions were:a
In 2025, Codan reported Scope 1 greenhouse gas (GHG) emissions of 456.15 tCO₂e and total revenues of USD 444 millions. This translates into an emissions intensity of 1.03 tCO₂e per millions USD.a
In 2025, Codan reported a Scope 1 emissions intensity of 1.03 tCO₂e per millions USD. Compared to the peer group median of 1.81, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Codan ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Codan is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2026, Codan reported a total carbon footprint of 70,708.46 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.41% increase compared to 2025, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Codan's total carbon footprint was Scope 3 emissions, accounting for 97.73% of the company's total carbon footprint, followed by Scope 2 emissions at 1.58%.a