Direct Line Group

Multi-line Insurance
DLG.L
GBX 174 (2.8)%
Share price
$ 2.9 bn
Market Cap
$ 2.4 bn
Enterprise Value

Carbon footprint

4.7 Ton
GHG emissions per $ 1 mln investment
0.13x the weighted average for S&P 500
FY2021
How is this calculated?
-4.7%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Direct Line Group aims to achieve net zero for Scope 1 + 2 by 2050


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

GHG emissions and Carbon intensity

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

Direct Line Group's carbon footprint

Direct Line Group reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 11 Kt (-0.55 /-4.7% y-o-y). Also positively, carbon intensity was down at 2.5 t (-0.3 /-10.7% y-o-y).

Direct Line Group's Scope 3 emissions climbed to 227 Kt (+78/+52% y-o-y). The parameter has been fairly volatile.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -0.38 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Direct Line Group also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Headline target: Direct Line Insurance Group plc's portfolio targets cover 75% of its total investment and lending activities by monetary value as of 2019. https://sciencebasedtargets.org/resources/files/Target-language-and-summary_Direct-Line-Insurance-Group-plc.docx.pdf

Company environmental metrics

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