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Santam Ltd

Common Name
Santam
Country
South Africa
Sector
Financial Services
Industry
Insurance - Specialty
Employees
N/A
Ticker
SNT
Exchange
JOHANNESBURG STOCK EXCHANGE
Description
Santam Ltd. is a leading South African insurance and financial services group, primarily providing non-life insurance solutions. The company offers a wide array of insurance products including persona...

Santam's GHG Emissions Data Preview

In 2024, Santam 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).

However, Santam has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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Verified Sources Behind Santam’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 Santam’s data sources below and access millions more through our Disclosure Search.

a. Santam's Integrated Report 2024
a. Santam's Integrated Report 2024
b. Santam's TCFD Report 2023
b. Santam's TCFD Report 2023

Insights into Santam's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSantam amounted to7,468metric 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 Santamdecreased by 5.25%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Santam's Scope 1 Emissions Over Time

20192020202120222023202405001 k1.5 k2 ktCO2e-35%+17%+21%-8%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Santam's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Santam were 1,601 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Santam reduced its Scope 1 emissions over time?

Since 2019, Santam's Scope 1 emissions have decreased by 17.47%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Santam's Scope 1 emissions decreased by 1.96%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Santam's Scope 2 emissions?

In 2024, Santam reported Scope 2 greenhouse gas (GHG) emissions of 5,867 tCOâ‚‚e without specifying the calculation method.a

Has Santam reduced its Scope 2 emissions over time?

Since 2019, Santam's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 663.93%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

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

What methodology does Santam use for Scope 2 reporting?

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

Santam's Scope 2 Emissions Over Time

20192020202120222023202402 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Santam's Value Chain Emissions

In 2024, Santam reported 6,950 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 Santam includes a breakdown across 0of 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

Santam's Scope 3 Emissions Over Time

20192020202120222023202402.5 k5 k7.5 k10 ktCO2e-58%-18%+36%+31%+22%
  • Total Scope 3
  • Year-over-Year Change

What are Santam's Scope 3 emissions?

In 2024, Santam reported total Scope 3 emissions of 6,950 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Santam reduced its Scope 3 emissions over time?

Since 2019, Santam's Scope 3 emissionshave decreased by 24.99%, reflecting a declining long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Santam's Scope 3 emissions increased by 21.82%, suggesting that the company faced challenges in reducing emissions across its value chain.a

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

In 2024, Santam reported Scope 1 greenhouse gas (GHG) emissions of 1,601 tCOâ‚‚e and total revenues of USD 2,658 millions. This translates into an emissions intensity of 0.6 tCOâ‚‚e per millions USD.a

Santam's Scope 1 Emissions Intensity Compared to Peers

202002,00050,000Scope 1 Emissions (tCO2e)502001,0005,00020,000Revenues (Millions of USD)MLMMMomentum Group LtdYear: 2024Scope 1: 2,650 tCO2eRevenue: $M 6,036Scope 1 Intensity: 0.44 tCO2e/$MCoronation Fund ManagersYear: 2023Scope 1: 116 tCO2eRevenue: $M 193Scope 1 Intensity: 0.60 tCO2e/$MOUTsurance GroupYear: 2025Scope 1: 801 tCO2eRevenue: $M 2,171Scope 1 Intensity: 0.37 tCO2e/$MEnact HoldingsYear: 2024Scope 1: 196 tCO2eRevenue: $M 1,205Scope 1 Intensity: 0.16 tCO2e/$MJust GroupYear: 2024Scope 1: 70 tCO2eRevenue: $M 374Scope 1 Intensity: 0.19 tCO2e/$MNedbank GroupYear: 2024Scope 1: 2,083 tCO2eRevenue: $M 3,579Scope 1 Intensity: 0.58 tCO2e/$MRadian GroupYear: 2024Scope 1: 35 tCO2eRevenue: $M 1,290Scope 1 Intensity: 0.03 tCO2e/$MNinety OneYear: 2025Scope 1: 47 tCO2eRevenue: $M 906Scope 1 Intensity: 0.05 tCO2e/$MDiscoveryYear: 2025Scope 1: 2,045 tCO2eRevenue: $M 4,630Scope 1 Intensity: 0.44 tCO2e/$MAbsa GroupYear: 2024Scope 1: 12,049 tCO2eRevenue: $M 5,865Scope 1 Intensity: 2.05 tCO2e/$MBupa Arabia for Cooperative InsuranceYear: 2024Scope 1: 117 tCO2eRevenue: $M 5,009Scope 1 Intensity: 0.02 tCO2e/$MMedibankYear: 2025Scope 1: 58 tCO2eRevenue: $M 5,621Scope 1 Intensity: 0.01 tCO2e/$MProtector ForsikringYear: 2022Scope 1: 1 tCO2eRevenue: $M 622Scope 1 Intensity: 0.00 tCO2e/$MAlexforbesYear: 2025Scope 1: 13 tCO2eRevenue: $M 309Scope 1 Intensity: 0.04 tCO2e/$MLLLancashire HoldingsYear: 2024Scope 1: 148 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.13 tCO2e/$MCapitec Bank HoldingsYear: 2025Scope 1: 1,039 tCO2eRevenue: $M 2,355Scope 1 Intensity: 0.44 tCO2e/$MOld MutualYear: 2024Scope 1: 3,737 tCO2eRevenue: $M 10,705Scope 1 Intensity: 0.35 tCO2e/$MSanlamYear: 2024Scope 1: 1,880 tCO2eRevenue: $M 12,076Scope 1 Intensity: 0.16 tCO2e/$MFirst American FinancialYear: 2024Scope 1: 4,193 tCO2eRevenue: $M 6,120Scope 1 Intensity: 0.69 tCO2e/$MStandard Bank GroupYear: 2024Scope 1: 13,877 tCO2eRevenue: $M 10,045Scope 1 Intensity: 1.38 tCO2e/$MBeazleyYear: 2024Scope 1: 8 tCO2eRevenue: $M 747Scope 1 Intensity: 0.01 tCO2e/$MAXIS Capital HoldingsYear: 2024Scope 1: 86 tCO2eRevenue: $M 6,014Scope 1 Intensity: 0.01 tCO2e/$MNIB HoldingsYear: 2025Scope 1: 60 tCO2eRevenue: $M 2,360Scope 1 Intensity: 0.03 tCO2e/$MSantamYear: 2024Scope 1: 1,601 tCO2eRevenue: $M 2,658Scope 1 Intensity: 0.60 tCO2e/$M

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

In 2024, Santam reported a Scope 1 emissions intensity of 0.6 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.16, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

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

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

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

Insights into Santam's Total Carbon Footprint

In 2024, Santam reported a total carbon footprint of 14,418 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.12% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Santam's total carbon footprint was Scope 3 emissions, accounting for 48.2% of the company's total carbon footprint, followed by Scope 2 emissions at 40.69%.a

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