Tryg A/S

Common Name
Tryg
Country
Denmark
Sector
Financial Services
Industry
Insurance - Diversified
Employees
6,953
Ticker
TRYG
Exchange
NASDAQ COPENHAGEN A/S
Website
tryg.com
Description
Tryg A/S is a leading provider of insurance solutions based in Denmark and operates throughout the Nordic region, including Sweden, Norway, and the United Kingdom. As a major player in the property an...

Tryg's GHG Emissions Data Preview

In 2024, Tryg 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).

Tryg has also provided a category-level breakdown for 7 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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a
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0000000
Total Scope 2
Market-Based
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a
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a
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b
0000000
Location-Based
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b
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b
0000000
Total Scope 3
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b
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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b
0000000
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Verified Sources Behind Tryg’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 Tryg’s data sources below and access millions more through our Disclosure Search.

a. Tryg's Annual Report 2024
a. Tryg's Annual Report 2024
b. Tryg's Annual Report 2023
b. Tryg's Annual Report 2023
c. Tryg's Sustainability Report 2022
c. Tryg's Sustainability Report 2022

Insights into Tryg's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Tryg amounted to 2,098 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 Tryg increased by 2.69%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Tryg's Scope 1 Emissions Over Time

201820192020202120222023202403006009001.2 ktCO2e0%-8%-15%+23%-6%+25%
  • Total Scope 1
  • Year-over-Year Change

What are Tryg's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Tryg were 1,120 metric tons of CO₂ equivalent (tCO₂e). a

Has Tryg reduced its Scope 1 emissions over time?

Since 2018, Tryg's Scope 1 emissions have increased by 12.68%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Tryg's Scope 1 emissions increased by 24.72%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Tryg's Scope 2 emissions?

In 2024, Tryg reported Scope 2 greenhouse gas (GHG) emissions of 332 tCO₂e using the market-based method and 978 tCO₂e using the location-based method. a

Has Tryg reduced its Scope 2 emissions over time?

Since 2018, Tryg's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 37.39%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2023), Tryg's Scope 2 emissions (Location-Based) fell by 14.59% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b

What methodology does Tryg use for Scope 2 reporting?

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

Tryg's Scope 2 Emissions Over Time

201820192020202120222023202401.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Tryg's Value Chain Emissions

In 2024, Tryg reported 755,605 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 Tryg includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Tryg's Scope 3 Emissions Over Time

20182019202020212022202320240200 k400 k600 k800 ktCO2e+34%-84%-26%+460%+22%+27257%
  • Total Scope 3
  • Year-over-Year Change

What are Tryg's Scope 3 emissions?

In 2024, Tryg reported total Scope 3 emissions of 755,605 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 5.81% of these emissions originated from upstream activities such as purchased goods and capital goods, while 94.19% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Tryg reduced its Scope 3 emissions over time?

Since 2018, Tryg's Scope 3 emissions have increased by 29,289.54%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Tryg's Scope 3 emissions increased by 27,257.17%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

What categories of Scope 3 emissions does Tryg disclose?

In 2024, Tryg reported emissions for 7 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 Tryg's Scope 3 emissions?

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

  • Investments (Cat. 15): 420,323 tCO₂e (55.63%)
  • Use of Sold Products (Cat. 11): 291,381 tCO₂e (38.56%)
  • Purchased Goods and Services (Cat. 1): 40,361 tCO₂e (5.34%)

Tryg's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(5.3%)Use of Sold Products(Cat. 11)(38.6%)Investments(Cat. 15)(55.6%)

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

In 2024, Tryg reported Scope 1 greenhouse gas (GHG) emissions of 1,120 tCO₂e and total revenues of USD 5,611 millions. This translates into an emissions intensity of 0.2 tCO₂e per millions USD. a

Tryg's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,0002,000,000Scope 1 Emissions (tCO2e)1005005,00050,000200,000Revenues (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: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MQatar Insurance Company QSPCYear: 2023Scope 1: 122 tCO2eRevenue: $M 2,590Scope 1 Intensity: 0.05 tCO2e/$MNew India AssuranceYear: 2025Scope 1: 2,669 tCO2eRevenue: $M 5,096Scope 1 Intensity: 0.52 tCO2e/$MOUTsurance GroupYear: 2024Scope 1: 819 tCO2eRevenue: $M 1,772Scope 1 Intensity: 0.46 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSampo OyjYear: 2024Scope 1: 883 tCO2eRevenue: $M 9,933Scope 1 Intensity: 0.09 tCO2e/$MiA FinancialYear: 2024Scope 1: 6,757 tCO2eRevenue: $M 2,647Scope 1 Intensity: 2.55 tCO2e/$MCaixa Seguridade ParticipacoesYear: 2022Scope 1: 48 tCO2eRevenue: $M 319Scope 1 Intensity: 0.15 tCO2e/$MGrupo Catalana OccidenteYear: 2024Scope 1: 19,054 tCO2eRevenue: $M 2,587Scope 1 Intensity: 7.36 tCO2e/$MMapfreYear: 2023Scope 1: 10,422 tCO2eRevenue: $M 28,375Scope 1 Intensity: 0.37 tCO2e/$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: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MPhoenix FinancialYear: 2024Scope 1: 3,783 tCO2eRevenue: $M 8,260Scope 1 Intensity: 0.46 tCO2e/$MSinar Mas MultiarthaYear: 2024Scope 1: 9,024 tCO2eRevenue: $M 1,621Scope 1 Intensity: 5.57 tCO2e/$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: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$M

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

In 2024, Tryg reported a Scope 1 emissions intensity of 0.2 tCO₂e per millions USD. Compared to the peer group median of 0.37 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

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

In 2024, Tryg ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Tryg's Total Carbon Footprint

In 2024, Tryg reported a total carbon footprint of 757,703 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15,669.05% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Tryg's total carbon footprint was Scope 3 emissions, accounting for 99.72% of the company's total carbon footprint, followed by Scope 1 emissions at 0.15%. a

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