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Sanlam Ltd

Common Name
Sanlam
Country
South Africa
Sector
Financial Services
Industry
Insurance - Life
Employees
23,926
Ticker
SLM
Exchange
JOHANNESBURG STOCK EXCHANGE
Description
Sanlam Ltd. is a prominent South African financial services group providing a broad array of financial products and services. Established in 1918, Sanlam has evolved into a diversified financial servi...

Sanlam's GHG Emissions Data Preview

In 2024, Sanlam 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).

Sanlam 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)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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b
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Sanlam’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 Sanlam’s data sources below and access millions more through our Disclosure Search.

a. Sanlam's Sustainability Report 2024
a. Sanlam's Sustainability Report 2024
b. Sanlam's Carbon Accounting Report 2024
b. Sanlam's Carbon Accounting Report 2024
c. Sanlam's Financial & Extra-Financial Disclosure 2023
c. Sanlam's Financial & Extra-Financial Disclosure 2023
d. Sanlam's Carbon Accounting Report 2023
d. Sanlam's Carbon Accounting Report 2023

Insights into Sanlam's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSanlam amounted to31,098.34metric 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 Sanlamdecreased by 12.41%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Sanlam's Scope 1 Emissions Over Time

20192020202120222023202408001.6 k2.4 k3.2 ktCO2e-31%+2%+68%+12%-41%
  • Total Scope 1
  • Year-over-Year Change

What are Sanlam's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Sanlam were 1,880.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Sanlam reduced its Scope 1 emissions over time?

Since 2019, Sanlam's Scope 1 emissions have decreased by 21.36%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Sanlam's Scope 1 emissions decreased by 40.68%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Sanlam's Scope 2 emissions?

In 2024, Sanlam reported Scope 2 greenhouse gas (GHG) emissions of 29,218.14 tCOâ‚‚e without specifying the calculation method.a

Has Sanlam reduced its Scope 2 emissions over time?

Since 2019, Sanlam's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 29.34%, reflecting a declining long-term trend in Scope 2 emissions over time.a

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

What methodology does Sanlam use for Scope 2 reporting?

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

Sanlam's Scope 2 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Sanlam's Value Chain Emissions

In 2024, Sanlam reported 24,875.93 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 Sanlam includes a breakdown across 6of 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

Sanlam's Scope 3 Emissions Over Time

20192020202120222023202402 M4 M6 M8 MtCO2e-59%-14%+59%+29955%-100%
  • Total Scope 3
  • Year-over-Year Change

What are Sanlam's Scope 3 emissions?

In 2024, Sanlam reported total Scope 3 emissions of 24,875.93 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 Sanlam reduced its Scope 3 emissions over time?

Since 2019, Sanlam's Scope 3 emissionshave decreased by 39.45%, reflecting a declining long-term trend in Scope 3 emissions over time.ad

Compared to the previous year (2023), Sanlam's Scope 3 emissions decreased by 99.64%, highlighting the company's efforts to lower indirect emissions from its value chain.ab

What categories of Scope 3 emissions does Sanlam disclose?

In 2024, Sanlam reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.b

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

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

In 2024, the largest contributors to Sanlam's Scope 3 emissions were:b

  • Employee Commuting (Cat. 7): 10,515 tCOâ‚‚e(42.27%)
  • Business Travel (Cat. 6): 8,910 tCOâ‚‚e(35.82%)
  • Fuel- and Energy-Related Services (Cat. 3): 4,412 tCOâ‚‚e(17.74%)

Sanlam's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(42.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(17.7%)Business Travel(Cat. 6)(35.8%)

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

In 2024, Sanlam reported Scope 1 greenhouse gas (GHG) emissions of 1,880.2 tCOâ‚‚e and total revenues of USD 12,076 millions. This translates into an emissions intensity of 0.16 tCOâ‚‚e per millions USD.a

Sanlam's Scope 1 Emissions Intensity Compared to Peers

22050010,000100,000Scope 1 Emissions (tCO2e)1001,0005,00050,000200,000Revenues (Millions of USD)FGMKFFFWD Group HoldingsYear: 2024Scope 1: 556 tCO2eRevenue: $M 30,889Scope 1 Intensity: 0.02 tCO2e/$MPrimericaYear: 2024Scope 1: 584 tCO2eRevenue: $M 3,090Scope 1 Intensity: 0.19 tCO2e/$MWuestenrot & WuerttembergischeYear: 2024Scope 1: 15,354 tCO2eRevenue: $M 6,403Scope 1 Intensity: 2.40 tCO2e/$MGGGreat Eastern HoldingsYear: 2024Scope 1: 206 tCO2eRevenue: $M 5,215Scope 1 Intensity: 0.04 tCO2e/$MUnum GroupYear: 2024Scope 1: 5,634 tCO2eRevenue: $M 12,790Scope 1 Intensity: 0.44 tCO2e/$MHDFC Life InsuranceYear: 2025Scope 1: 227 tCO2eRevenue: $M 10,553Scope 1 Intensity: 0.02 tCO2e/$MICICI Prudential Life InsuranceYear: 2025Scope 1: 759 tCO2eRevenue: $M 8,179Scope 1 Intensity: 0.09 tCO2e/$MDiscoveryYear: 2025Scope 1: 2,045 tCO2eRevenue: $M 4,630Scope 1 Intensity: 0.44 tCO2e/$MMMMenora Mivtachim HoldingsYear: 2022Scope 1: 2,813 tCO2eRevenue: $M 1,670Scope 1 Intensity: 1.68 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$MKKKGI Financial HoldingYear: 2024Scope 1: 1,525 tCO2eRevenue: $M 2,295Scope 1 Intensity: 0.66 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MPower Corporation of CanadaYear: 2024Scope 1: 9,333 tCO2eRevenue: $M 22,920Scope 1 Intensity: 0.41 tCO2e/$MTawuniyaYear: 2024Scope 1: 2,274 tCO2eRevenue: $M 4,418Scope 1 Intensity: 0.51 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MMercuries Life InsuranceYear: 2024Scope 1: 551 tCO2eRevenue: $M 4,177Scope 1 Intensity: 0.13 tCO2e/$MChallengerYear: 2025Scope 1: 3 tCO2eRevenue: $M 491Scope 1 Intensity: 0.01 tCO2e/$MPrudentialYear: 2024Scope 1: 1,562 tCO2eRevenue: $M 6,010Scope 1 Intensity: 0.26 tCO2e/$MSBI Life InsuranceYear: 2025Scope 1: 4,109 tCO2eRevenue: $M 13,686Scope 1 Intensity: 0.30 tCO2e/$MChina Pacific Insurance GroupYear: 2024Scope 1: 44,275 tCO2eRevenue: $M 42,679Scope 1 Intensity: 1.04 tCO2e/$MHapvidaYear: 2024Scope 1: 9,637 tCO2eRevenue: $M 4,680Scope 1 Intensity: 2.06 tCO2e/$MPing AnYear: 2024Scope 1: 28,158 tCO2eRevenue: $M 102,059Scope 1 Intensity: 0.28 tCO2e/$MSanlamYear: 2024Scope 1: 1,880 tCO2eRevenue: $M 12,076Scope 1 Intensity: 0.16 tCO2e/$M

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

In 2024, Sanlam reported a Scope 1 emissions intensity of 0.16 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.28, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

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

In 2024, Sanlam ranked 9 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

Insights into Sanlam's Total Carbon Footprint

In 2024, Sanlam reported a total carbon footprint of 55,974.27 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.19% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Sanlam's total carbon footprint was Scope 2 emissions, accounting for 52.2% of the company's total carbon footprint, followed by Scope 3 emissions at 44.44%.a

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