Talanx AG

Common Name
Talanx
Country
Germany
Sector
Financial Services
Industry
Insurance - Diversified
Employees
29,288
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 2024, 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 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
Market-Based
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b
0000000
Location-Based
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0000000
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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0000000
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Verified Sources Behind Talanx’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 Talanx’s data sources below and access millions more through our Disclosure Search.

a. Talanx's Annual Report 2024
a. Talanx's Annual Report 2024
b. Talanx's Sustainability Report 2023
b. Talanx's Sustainability Report 2023
c. Talanx's Sustainability Report 2019
c. Talanx's Sustainability Report 2019

Insights into Talanx's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Talanx amounted to 83,943 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 Talanx increased by 305.89%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Talanx's Scope 1 Emissions Over Time

201820192020202120222023202407.5 k15 k22.5 k30 ktCO2e-60%-7%-27%+11%+3%+48%
  • Total Scope 1
  • Year-over-Year Change

What are Talanx's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Talanx were 13,090 metric tons of CO₂ equivalent (tCO₂e). a

Has Talanx reduced its Scope 1 emissions over time?

Since 2018, Talanx's Scope 1 emissions have decreased by 54.14%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Talanx's Scope 1 emissions increased by 48.4%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Talanx's Scope 2 emissions?

In 2024, Talanx reported Scope 2 greenhouse gas (GHG) emissions of 46,137 tCO₂e using the market-based method and 70,853 tCO₂e using the location-based method. a

Has Talanx reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Talanx's Scope 2 emissions (Location-Based) rose by 497.41% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b

What methodology does Talanx use for Scope 2 reporting?

In 2024, Talanx reported its Scope 2 emissions using the market-based method and using the location-based method. a

Talanx's Scope 2 Emissions Over Time

2018201920202021202220232024020 k40 k60 k80 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 2024, Talanx reported 42,486,491 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 Talanx includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Talanx's Scope 3 Emissions Over Time

2018201920202021202220232024015 M30 M45 M60 MtCO2e-35%-1%-40%+3%+5%+336373%
  • Total Scope 3
  • Year-over-Year Change

What are Talanx's Scope 3 emissions?

In 2024, Talanx reported total Scope 3 emissions of 42,486,491 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.13% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.87% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Talanx reduced its Scope 3 emissions over time?

Since 2018, Talanx's Scope 3 emissions have increased by 141,750.02%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Talanx's Scope 3 emissions increased by 336,373.36%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

What categories of Scope 3 emissions does Talanx disclose?

In 2024, Talanx 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 Talanx's Scope 3 emissions?

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

  • Investments (Cat. 15): 42,429,501 tCO₂e (99.87%)
  • Employee Commuting (Cat. 7): 18,779 tCO₂e (0.04%)
  • Business Travel (Cat. 6): 18,168 tCO₂e (0.04%)

Talanx's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.9%)

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

In 2024, Talanx reported Scope 1 greenhouse gas (GHG) emissions of 13,090 tCO₂e and total revenues of USD 26,617 millions. This translates into an emissions intensity of 0.49 tCO₂e per millions USD. a

Talanx's Scope 1 Emissions Intensity Compared to Peers

2002,00020,000200,0002,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000500,000Revenues (Millions of USD)SBB Seguridade ParticipacoesYear: 2022Scope 1: 799,200 tCO2eRevenue: $M 879Scope 1 Intensity: 909.52 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MAllianzYear: 2024Scope 1: 53,885 tCO2eRevenue: $M 124,387Scope 1 Intensity: 0.43 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSampo OyjYear: 2024Scope 1: 883 tCO2eRevenue: $M 9,933Scope 1 Intensity: 0.09 tCO2e/$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: $M 2,647Scope 1 Intensity: 2.55 tCO2e/$MMapfreYear: 2023Scope 1: 10,422 tCO2eRevenue: $M 28,375Scope 1 Intensity: 0.37 tCO2e/$MNN GroupYear: 2024Scope 1: 1,896 tCO2eRevenue: $M 11,463Scope 1 Intensity: 0.17 tCO2e/$MUnipol AssicurazioniYear: 2024Scope 1: 9,062 tCO2eRevenue: $M 12,128Scope 1 Intensity: 0.75 tCO2e/$MAvivaYear: 2024Scope 1: 7,437 tCO2eRevenue: $M 39,855Scope 1 Intensity: 0.19 tCO2e/$MSSSagaYear: 2024Scope 1: 109,647 tCO2eRevenue: $M 731Scope 1 Intensity: 150.02 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$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: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$M

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

In 2024, Talanx reported a Scope 1 emissions intensity of 0.49 tCO₂e per millions USD. Compared to the peer group median of 0.37 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

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

In 2024, Talanx ranked 15 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Talanx's Total Carbon Footprint

In 2024, Talanx reported a total carbon footprint of 42,570,434 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 127,708.44% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Talanx's total carbon footprint was Scope 3 emissions, accounting for 99.8% of the company's total carbon footprint, followed by Scope 2 emissions at 0.17%. a

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