Tryg

Multi-line Insurance
TRYG.CO
DKK 159 (0.87)%
Share price
$ 15 bn
Market Cap
$ 16 bn
Enterprise Value

Carbon footprint

0.07 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2021
How is this calculated?
-71%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+12%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
How is this calculated?

Tryg aims to reduce Scope 1 + 2 by 55% by 2030 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Tryg's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Tryg's GHG emissions (market-based) (Kt of CO2e)

Tryg's carbon footprint

Tryg reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1.1 Kt (-2.6 /-70.6% y-o-y).

Tryg's Scope 3 emissions decreased to 0.41 Kt (-0.14 /-25.5% y-o-y). The rate of decline has slowed compared to the trend since 4Q'18 (CAGR -37.8%).

The company is committed to reducing Scope 1 + 2 by 55% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Tryg aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2023. 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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