Gjensidige Forsikring ASA

Common Name
Gjensidige Forsikring
Country
Norway
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
4,727
Ticker
GJF
Exchange
OSLO BORS
Description
Gjensidige Forsikring ASA is a prominent general insurance company headquartered in Oslo, Norway, serving the Nordic and Baltic regions. Established in its earliest form in 1816, the company has evolv...

Gjensidige Forsikring's GHG Emissions Data Preview

In 2023, Gjensidige Forsikring 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).

Gjensidige Forsikring has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Gjensidige Forsikring’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 Gjensidige Forsikring’s data sources below and access millions more through our Disclosure Search.

a. Gjensidige Forsikring's Annual Report 2023
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b. Gjensidige Forsikring's Annual Report 2022
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Insights into Gjensidige Forsikring's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Gjensidige Forsikring amounted to 962 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 2022, the total operational greenhouse gas (GHG) emissions of Gjensidige Forsikring decreased by 4.09%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Gjensidige Forsikring's Scope 1 Emissions Over Time

201920202021202220230150300450600tCO2e+4%-19%-16%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Gjensidige Forsikring's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Gjensidige Forsikring were 319 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Gjensidige Forsikring's Scope 1 emissions decreased by 2.74%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Gjensidige Forsikring's Scope 2 emissions?

In 2023, Gjensidige Forsikring reported Scope 2 greenhouse gas (GHG) emissions of 340 tCO₂e using the market-based method and 643 tCO₂e using the location-based method. a

Has Gjensidige Forsikring reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Gjensidige Forsikring's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Gjensidige Forsikring 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Gjensidige Forsikring use for Scope 2 reporting?

In 2023, Gjensidige Forsikring reported its Scope 2 emissions using the market-based method and using the location-based method. a

Gjensidige Forsikring's Scope 2 Emissions Over Time

2019202020212022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Gjensidige Forsikring's Value Chain Emissions

In 2023, Gjensidige Forsikring reported 193,584 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 2023 disclosure of Gjensidige Forsikring includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Gjensidige Forsikring's Scope 3 Emissions Over Time

201820192020202120222023065 k130 k195 k260 ktCO2e+2851%-19%+606%-22%0%
  • Total Scope 3
  • Year-over-Year Change

What are Gjensidige Forsikring's Scope 3 emissions?

In 2023, Gjensidige Forsikring reported total Scope 3 emissions of 193,584 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 19.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 80.94% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Gjensidige Forsikring reduced its Scope 3 emissions over time?

Since 2018, Gjensidige Forsikring's Scope 3 emissions have increased by 13,024.34%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2022), Gjensidige Forsikring's Scope 3 emissions remained relatively stable, indicating that Gjensidige Forsikring 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Gjensidige Forsikring disclose?

In 2023, Gjensidige Forsikring reported emissions for 6 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 Gjensidige Forsikring's Scope 3 emissions?

In 2023, the largest contributors to Gjensidige Forsikring's Scope 3 emissions were: a

  • Investments (Cat. 15): 145,563 tCO₂e (75.19%)
  • Purchased Goods and Services (Cat. 1): 35,297 tCO₂e (18.23%)
  • Franchises (Cat. 14): 11,132 tCO₂e (5.75%)

Gjensidige Forsikring's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(18.2%)Franchises (Cat. 14)(5.8%)Investments(Cat. 15)(75.2%)

Insights into Gjensidige Forsikring’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Gjensidige Forsikring reported Scope 1 greenhouse gas (GHG) emissions of 319 tCO₂e and total revenues of USD 3,973 millions. This translates into an emissions intensity of 0.08 tCO₂e per millions USD. a

Gjensidige Forsikring's Scope 1 Emissions Intensity Compared to Peers

202002,00010,000100,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)QPSHanover Insurance GroupYear: 2022Scope 1: 5,023 tCO2eRevenue: $M 5,433Scope 1 Intensity: 0.92 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MQQQualitas ControladoraYear: 2023Scope 1: 11,828 tCO2eRevenue: $M 3,364Scope 1 Intensity: 3.52 tCO2e/$MAssurantYear: 2023Scope 1: 1,342 tCO2eRevenue: $M 11,128Scope 1 Intensity: 0.12 tCO2e/$MZhongAnYear: 2023Scope 1: 58 tCO2eRevenue: $M 4,501Scope 1 Intensity: 0.01 tCO2e/$MRLIYear: 2023Scope 1: 304 tCO2eRevenue: $M 1,524Scope 1 Intensity: 0.20 tCO2e/$MPPPICC Property and CasualtyYear: 2023Scope 1: 169 tCO2eRevenue: $M 67,776Scope 1 Intensity: 0.00 tCO2e/$MTokio Marine HoldingsYear: 2023Scope 1: 13,685 tCO2eRevenue: $M 47,402Scope 1 Intensity: 0.29 tCO2e/$MIntact FinancialYear: 2023Scope 1: 17,865 tCO2eRevenue: $M 16,685Scope 1 Intensity: 1.07 tCO2e/$MSSSunshine Insurance GroupYear: 2023Scope 1: 13,865 tCO2eRevenue: $M 9,714Scope 1 Intensity: 1.43 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MHyundai Marine & Fire InsuranceYear: 2023Scope 1: 2,640 tCO2eRevenue: $M 10,654Scope 1 Intensity: 0.25 tCO2e/$MDB InsuranceYear: 2024Scope 1: 2,366 tCO2eRevenue: $M 11,742Scope 1 Intensity: 0.20 tCO2e/$MAdmiral GroupYear: 2024Scope 1: 542 tCO2eRevenue: $M 6,110Scope 1 Intensity: 0.09 tCO2e/$MCincinnati FinancialYear: 2023Scope 1: 14,066 tCO2eRevenue: $M 10,013Scope 1 Intensity: 1.40 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MDefinity FinancialYear: 2024Scope 1: 1,266 tCO2eRevenue: $M 3,133Scope 1 Intensity: 0.40 tCO2e/$MInsurance Australia GroupYear: 2025Scope 1: 6,770 tCO2eRevenue: $M 9,717Scope 1 Intensity: 0.70 tCO2e/$MHiscoxYear: 2023Scope 1: 409 tCO2eRevenue: $M 3,581Scope 1 Intensity: 0.11 tCO2e/$MMS&AD Insurance Group HoldingsYear: 2022Scope 1: 16,804 tCO2eRevenue: $M 41,025Scope 1 Intensity: 0.41 tCO2e/$MChubbYear: 2023Scope 1: 23,017 tCO2eRevenue: $M 49,831Scope 1 Intensity: 0.46 tCO2e/$MProgressiveYear: 2023Scope 1: 31,662 tCO2eRevenue: $M 62,082Scope 1 Intensity: 0.51 tCO2e/$MGjensidige ForsikringYear: 2023Scope 1: 319 tCO2eRevenue: $M 3,973Scope 1 Intensity: 0.08 tCO2e/$M

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

In 2023, Gjensidige Forsikring reported a Scope 1 emissions intensity of 0.08 tCO₂e per millions USD. Compared to the peer group median of 0.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Gjensidige Forsikring rank on GHG emissions intensity within its industry?

In 2023, Gjensidige Forsikring ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Gjensidige Forsikring among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Gjensidige Forsikring's Total Carbon Footprint

In 2023, Gjensidige Forsikring reported a total carbon footprint of 194,546 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.36% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Gjensidige Forsikring's total carbon footprint was Scope 3 emissions, accounting for 99.51% of the company's total carbon footprint, followed by Scope 2 emissions at 0.33%. a

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