Topdanmark A/S

Common Name
Topdanmark
Country
Denmark
Sector
Financial Services
Industry
Insurance - Diversified
Employees
2,100
Ticker
TOP
Exchange
NASDAQ COPENHAGEN A/S
Description
Topdanmark A/S, together with its subsidiaries, offers life and non-life insurance products and services in Denmark. The company operates through Private and SME segments. It offers illness and accide...

Topdanmark's GHG Emissions Data Preview

In 2023, Topdanmark 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).

Topdanmark has also provided a category-level breakdown for 5 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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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 Topdanmark's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Topdanmark amounted to 2,787 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 Topdanmark decreased by 3.36%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Topdanmark's Scope 1 Emissions Over Time

2019202020212022202303507001.05 k1.4 ktCO2e-5%+8%-42%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Topdanmark's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Topdanmark were 753 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Topdanmark reduced its Scope 1 emissions over time?

Since 2019, Topdanmark's Scope 1 emissions have decreased by 43.04%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Topdanmark's Scope 1 emissions decreased by 4.44%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Topdanmark's Scope 2 emissions?

In 2023, Topdanmark reported Scope 2 greenhouse gas (GHG) emissions of 2,298 tCOâ‚‚e using the market-based method, and 2,034 tCOâ‚‚e using the location-based method.

Has Topdanmark reduced its Scope 2 emissions over time?

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

What methodology does Topdanmark use for Scope 2 reporting?

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

Topdanmark's Scope 2 Emissions Over Time

2019202020212022202306001.2 k1.8 k2.4 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Topdanmark's Value Chain Emissions

In 2023, Topdanmark reported 4,756.2 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 Topdanmark includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Topdanmark's Scope 3 Emissions Over Time

2019202020212022202301.5 k3 k4.5 k6 ktCO2e-25%-22%+106%+25%
  • Total Scope 3
  • Year-over-Year Change

What are Topdanmark's Scope 3 emissions?

In 2023, Topdanmark reported total Scope 3 emissions of 4,756.2 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 Topdanmark reduced its Scope 3 emissions over time?

Since 2019, Topdanmark's Scope 3 emissions have increased by 51.42%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Topdanmark's Scope 3 emissions increased by 24.93%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Topdanmark disclose?

In 2023, Topdanmark reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

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

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

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

  • Employee Commuting (Cat. 7): 2,267 tCOâ‚‚e (47.66%)
  • Business Travel (Cat. 6): 1,660.2 tCOâ‚‚e (34.91%)
  • Fuel- and Energy-Related Services (Cat. 3): 781 tCOâ‚‚e (16.42%)

Topdanmark's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(16.4%)Business Travel(Cat. 6)(34.9%)Employee Commuting(Cat. 7)(47.7%)

Insights into Topdanmark's Total Carbon Footprint

In 2023, Topdanmark reported a total carbon footprint of 7,543.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.74% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Topdanmark's total carbon footprint was Scope 3 emissions, accounting for 63.05% of the company's total carbon footprint, followed by Scope 2 emissions at 26.96%.

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