Talanx AG

Common Name
Talanx
Country
Germany
Sector
Financial Services
Industry
Insurance - Diversified
Employees
30,000
Ticker
TLX
Exchange
XETRA
Description
Talanx AG is a major player in the insurance industry, offering a broad spectrum of insurance and financial products. It operates as one of Europe's largest insurance groups, covering sectors such as ...

Talanx's GHG Emissions Data Preview

In 2023, Talanx 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).

Talanx has also provided a category-level breakdown for 4 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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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Talanx's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Talanx amounted to 20,681 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Talanx increased by 1.69%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Talanx's Scope 1 Emissions Over Time

20182019202020212022202307.5 k15 k22.5 k30 ktCO2e-60%-7%-27%+11%+3%
  • Total Scope 1
  • Year-over-Year Change

What are Talanx's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Talanx were 8,821 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Talanx reduced its Scope 1 emissions over time?

Since 2018, Talanx's Scope 1 emissions have decreased by 69.09%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Talanx's Scope 1 emissions increased by 2.82%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Talanx's Scope 2 emissions?

In 2023, Talanx reported Scope 2 greenhouse gas (GHG) emissions of 9,739 tCOâ‚‚e using the market-based method, and 11,860 tCOâ‚‚e using the location-based method.

Has Talanx reduced its Scope 2 emissions over time?

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

What methodology does Talanx use for Scope 2 reporting?

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

Talanx's Scope 2 Emissions Over Time

20182019202020212022202308 k16 k24 k32 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Talanx's Value Chain Emissions

In 2023, Talanx reported 12,627 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Talanx includes a breakdown across 4 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.

Talanx's Scope 3 Emissions Over Time

20182019202020212022202307.5 k15 k22.5 k30 ktCO2e-35%-1%-40%+3%+5%
  • Total Scope 3
  • Year-over-Year Change

What are Talanx's Scope 3 emissions?

In 2023, Talanx reported total Scope 3 emissions of 12,627 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Talanx reduced its Scope 3 emissions over time?

Since 2018, Talanx's Scope 3 emissions have decreased by 57.84%, reflecting a declining long-term trend in Scope 3 emissions over time.

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

What categories of Scope 3 emissions does Talanx disclose?

In 2023, Talanx reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

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

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

In 2023, the largest contributors to Talanx's Scope 3 emissions were:

  • Business Travel (Cat. 6): 7,890 tCOâ‚‚e (62.48%)
  • Fuel- and Energy-Related Services (Cat. 3): 3,266 tCOâ‚‚e (25.86%)
  • Purchased Goods and Services (Cat. 1): 990 tCOâ‚‚e (7.84%)

Talanx's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(62.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(25.9%)Purchased Goods andServices (Cat. 1)(7.8%)

Insights into Talanx's Total Carbon Footprint

In 2023, Talanx reported a total carbon footprint of 33,308 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.81% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Talanx's total carbon footprint was Scope 3 emissions, accounting for 37.91% of the company's total carbon footprint, followed by Scope 2 emissions at 35.61%.

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