Ageas

Multi-line Insurance
AGS.BR
€ 45 0.94
Share price
$ 8.7 bn
Market Cap
$ 16 bn
Enterprise Value

Carbon footprint

0.94 Ton
GHG emissions per $ 1 mln investment
0.03x the weighted average for S&P 500
FY2020
How is this calculated?
-24%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-25%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Ageas aims to achieve carbon neutrality for Scope 1 + 2 by 2024


This target has not been verified as science based according to SBTi
Ageas's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Ageas's GHG emissions (location-based) (Kt of CO2e)
Ageas's Carbon intensity (Tons per 1 USDm)

Ageas's carbon footprint

Ageas reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2020 at 15 Kt (-4.6 /-23.5% y-o-y). Also positively, carbon intensity decreased to 1 t (-0.1 /-9.1% y-o-y).

Ageas's Scope 3 emissions plummeted to 5.7 Kt (-9.8 /-63.3% y-o-y). There has been no clear trend lately.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2024, which translates into the estimated reduction of -3.7 Kt per annum over the period of FY2021 - FY2024. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Ageas aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2024. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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