OUTsurance Group Ltd

Common Name
OUTsurance Group
Country
South Africa
Sector
Financial Services
Industry
Insurance - Diversified
Employees
7,000
Ticker
OUT
Exchange
JOHANNESBURG STOCK EXCHANGE
Website
rmih.co.za
Description
Outsurance Group Ltd. is a prominent player in the insurance sector, providing a wide range of financial services predominantly in the Southern Hemisphere. Renowned for its innovative approach to insu...

OUTsurance Group's GHG Emissions Data Preview

In 2024, OUTsurance Group 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).

OUTsurance Group has also provided a category-level breakdown for 3 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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0000000
Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind OUTsurance Group’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 OUTsurance Group’s data sources below and access millions more through our Disclosure Search.

a. OUTsurance Group's Integrated Report 2024
a. OUTsurance Group's Integrated Report 2024

Insights into OUTsurance Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of OUTsurance Group amounted to 9,904.3 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 OUTsurance Group decreased by 10.89%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

OUTsurance Group's Scope 1 Emissions Over Time

201820192020202120222023202403507001.05 k1.4 ktCO2e+2%-11%-11%+38%-27%-20%
  • Total Scope 1
  • Year-over-Year Change

What are OUTsurance Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of OUTsurance Group were 819.3 metric tons of CO₂ equivalent (tCO₂e). a

Has OUTsurance Group reduced its Scope 1 emissions over time?

Since 2018, OUTsurance Group's Scope 1 emissions have decreased by 34.07%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), OUTsurance Group's Scope 1 emissions decreased by 19.9%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are OUTsurance Group's Scope 2 emissions?

In 2024, OUTsurance Group reported Scope 2 greenhouse gas (GHG) emissions of 9,085 tCO₂e without specifying the calculation method. a

Has OUTsurance Group reduced its Scope 2 emissions over time?

Since 2018, OUTsurance Group's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that OUTsurance Group 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2023), OUTsurance Group's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that OUTsurance Group 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does OUTsurance Group use for Scope 2 reporting?

In 2024, OUTsurance Group reported its Scope 2 emissions using an unspecified methodology. a

OUTsurance Group's Scope 2 Emissions Over Time

201820192020202120222023202403 k6 k9 k12 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into OUTsurance Group's Value Chain Emissions

In 2024, OUTsurance Group reported 6,086.6 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 OUTsurance Group includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

OUTsurance Group's Scope 3 Emissions Over Time

201820192020202120222023202402 k4 k6 k8 ktCO2e+30%-7%+12%+32%+22%-5%
  • Total Scope 3
  • Year-over-Year Change

What are OUTsurance Group's Scope 3 emissions?

In 2024, OUTsurance Group reported total Scope 3 emissions of 6,086.6 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has OUTsurance Group reduced its Scope 3 emissions over time?

Since 2018, OUTsurance Group's Scope 3 emissions have increased by 108.47%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), OUTsurance Group's Scope 3 emissions remained relatively stable, indicating that OUTsurance Group 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does OUTsurance Group disclose?

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

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

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

  • Business Travel (Cat. 6): 4,883.7 tCO₂e (80.24%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,195 tCO₂e (19.63%)
  • Purchased Goods and Services (Cat. 1): 7.9 tCO₂e (0.13%)

OUTsurance Group's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(19.6%)Business Travel(Cat. 6)(80.2%)

Insights into OUTsurance Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, OUTsurance Group reported Scope 1 greenhouse gas (GHG) emissions of 819.3 tCO₂e and total revenues of USD 1,772 millions. This translates into an emissions intensity of 0.46 tCO₂e per millions USD. a

OUTsurance Group's Scope 1 Emissions Intensity Compared to Peers

2050020,000500,00020,000,000Scope 1 Emissions (tCO2e)1005005,00050,000200,000Revenues (Millions of USD)MBB Seguridade ParticipacoesYear: 2022Scope 1: 799,200 tCO2eRevenue: $M 879Scope 1 Intensity: 909.52 tCO2e/$MMMMomentum Group LtdYear: 2023Scope 1: 4,396 tCO2eRevenue: $M 5,210Scope 1 Intensity: 0.84 tCO2e/$MNew India AssuranceYear: 2025Scope 1: 2,669 tCO2eRevenue: $M 5,096Scope 1 Intensity: 0.52 tCO2e/$MNedbank GroupYear: 2024Scope 1: 2,083 tCO2eRevenue: $M 3,579Scope 1 Intensity: 0.58 tCO2e/$MUniqa Insurance GroupYear: 2023Scope 1: 5,048 tCO2eRevenue: $M 5,636Scope 1 Intensity: 0.90 tCO2e/$MAssicurazioni GeneraliYear: 2024Scope 1: 60,502 tCO2eRevenue: $M 62,098Scope 1 Intensity: 0.97 tCO2e/$MiA FinancialYear: 2024Scope 1: 6,757 tCO2eRevenue: $M 2,647Scope 1 Intensity: 2.55 tCO2e/$MCaixa Seguridade ParticipacoesYear: 2022Scope 1: 48 tCO2eRevenue: $M 319Scope 1 Intensity: 0.15 tCO2e/$MGrupo Catalana OccidenteYear: 2024Scope 1: 19,054 tCO2eRevenue: $M 2,587Scope 1 Intensity: 7.36 tCO2e/$MMapfreYear: 2023Scope 1: 10,422 tCO2eRevenue: $M 28,375Scope 1 Intensity: 0.37 tCO2e/$MNN GroupYear: 2024Scope 1: 1,896 tCO2eRevenue: $M 11,463Scope 1 Intensity: 0.17 tCO2e/$MHarelYear: 2022Scope 1: 4,260,000 tCO2eRevenue: $M 3,599Scope 1 Intensity: 1,183.55 tCO2e/$MAgeasYear: 2024Scope 1: 16,238 tCO2eRevenue: $M 8,824Scope 1 Intensity: 1.84 tCO2e/$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: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MAXAYear: 2024Scope 1: 21,054 tCO2eRevenue: $M 93,490Scope 1 Intensity: 0.23 tCO2e/$MALM. Brand A/SYear: 2024Scope 1: 599 tCO2eRevenue: $M 1,970Scope 1 Intensity: 0.30 tCO2e/$MSun Life FinancialYear: 2023Scope 1: 15,057 tCO2eRevenue: $M 28,817Scope 1 Intensity: 0.52 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MICICI LombardYear: 2024Scope 1: 907 tCO2eRevenue: $M 2,612Scope 1 Intensity: 0.35 tCO2e/$MAmerican International GroupYear: 2024Scope 1: 8,258 tCO2eRevenue: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MOUTsurance GroupYear: 2024Scope 1: 819 tCO2eRevenue: $M 1,772Scope 1 Intensity: 0.46 tCO2e/$M

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

In 2024, OUTsurance Group reported a Scope 1 emissions intensity of 0.46 tCO₂e per millions USD. Compared to the peer group median of 0.51 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does OUTsurance Group rank on GHG emissions intensity within its industry?

In 2024, OUTsurance Group ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into OUTsurance Group's Total Carbon Footprint

In 2024, OUTsurance Group reported a total carbon footprint of 15,990.9 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.78% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to OUTsurance Group's total carbon footprint was Scope 2 emissions, accounting for 56.81% of the company's total carbon footprint, followed by Scope 3 emissions at 38.06%. a

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