Tryg A/S

Common Name
Tryg
Country
Denmark
Sector
Financial Services
Industry
Insurance - Diversified
Employees
6,778
Ticker
TRYG
Exchange
NASDAQ COPENHAGEN A/S
Website
tryg.com
Description
Tryg A/S is a prominent insurance company based in Denmark, specializing in providing a comprehensive range of insurance services across the Nordic region. Its primary function is to offer tailored in...

Tryg's GHG Emissions Data Preview

In 2023, 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 2 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 Tryg's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Tryg amounted to 2,043 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 Tryg decreased by 9.92%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Tryg's Scope 1 Emissions Over Time

20182019202020212022202302505007501 ktCO2e0%-8%-15%+23%-6%
  • Total Scope 1
  • Year-over-Year Change

What are Tryg's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Tryg were 898 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Tryg reduced its Scope 1 emissions over time?

Since 2018, Tryg's Scope 1 emissions have decreased by 9.66%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Tryg's Scope 1 emissions decreased by 5.77%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Tryg's Scope 2 emissions?

In 2023, Tryg reported Scope 2 greenhouse gas (GHG) emissions of 520 tCOâ‚‚e using the market-based method, and 1,145 tCOâ‚‚e using the location-based method.

Has Tryg reduced its Scope 2 emissions over time?

Since 2018, Tryg's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 26.7%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Tryg's Scope 2 emissions (Location-Based) fell by 12.93% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Tryg use for Scope 2 reporting?

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

Tryg's Scope 2 Emissions Over Time

20182019202020212022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Tryg's Value Chain Emissions

In 2023, Tryg reported 2,762 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 Tryg includes a breakdown across 2 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.

Tryg's Scope 3 Emissions Over Time

20182019202020212022202309001.8 k2.7 k3.6 ktCO2e+34%-84%-26%+460%+22%
  • Total Scope 3
  • Year-over-Year Change

What are Tryg's Scope 3 emissions?

In 2023, Tryg reported total Scope 3 emissions of 2,762 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 Tryg reduced its Scope 3 emissions over time?

Since 2018, Tryg's Scope 3 emissions have remained relatively stable, indicating that Tryg 's emissions have plateaued with no significant change in its value chain footprint.

Compared to the previous year (2022), Tryg's Scope 3 emissions increased by 21.57%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Tryg disclose?

In 2023, Tryg reported emissions for 2 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 Tryg's Scope 3 emissions?

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

  • Business Travel (Cat. 6): 2,629 tCOâ‚‚e (95.18%)
  • Waste Generated in Operations (Cat. 5): 133 tCOâ‚‚e (4.82%)

Tryg's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(95.2%)Waste Generated inOperations (Cat. 5)(4.8%)

Insights into Tryg's Total Carbon Footprint

In 2023, Tryg reported a total carbon footprint of 4,805 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.84% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Tryg's total carbon footprint was Scope 3 emissions, accounting for 57.48% of the company's total carbon footprint, followed by Scope 2 emissions at 23.83%.

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