Folksam has existed for more than 100 years, almost every second Swede is insured through Folksam and every fifth new pension saver chooses Folksam. Since 2001, Folksam has worked with sustainable investments and has ethical requirements on all of its assets. Folksam employes 3460 people, has a total premium volume of 40.4 billion SEK and total managed funds worth 304 billion SEK.

19 May, 2014

Climate targets
For its real estate, Folksam calculates CO2 per m2 and aims to have an emissions level of 6kg/m2 by 2020. Today Folksam has an emissions level of 8.8 kg/m2 which means that Folksam has had a reduction of 32 % in 6 years. Folksam has set targets in terms of how much recycled material that is used within the business. Last year the number was 1441 tons, an increase from the previous year. An ambitious climate target will be set during 2014.

How are the targets to be met?
Folksam has worked strategically for 15 years on reducing its emissions from real estate, travels and investments. On top of this, Folksam influences its customers, for example in the choice of car insurance to purchase eco-cars. A customer will be given 10 % discount if they purchase a “green and safe car” and they are guided to reduce their domestic energy consumption through an energy usage guide.

For Folksam, reducing CO2 emissions comes down to decreasing travels and helping almost 4 million
customers to reduce their energy consumption and to choose a more climate-friendly car. Futhermore, Folksam is the only company in its industry to have the environmental label “Bra Miljöval” – Good Environmental Choice (awarded by Swedish Society for Nature Conservation) on its products. Through this, Folksam has implemented a requirement to only use Good Environmental Choice-labelled electricity throughout the entire business.

Climate impact
Folksam’s climate footprint from its own business mounts to 2 858 ton CO2e in 2013. The main part of emissions comes from air travels, car travels and heat, which together represent 94 % of total emissions. It is in these are the areas that Folksam is focusing on to reduce its climate impact. The energy consumption in the real estate in which Folksam is investing is also included in the climate footprint. This means that the footprint includes more than Folksam’s own emissions.

Since many years, Folksam calculates and climate compensates its climate footprint from its own business as well as its real estate tenure through “Vi-skogen’s” tree-planting project. Vi-skogens plants approximately 6 trees per every ton CO2 emitted.

The total amount climate impact that Folksam compensates for amounts to 6 817 ton CO2, which means that more than 40 000 trees are planted.

Folksam’s direct and indirect climate impact
Folksam’s climate footprint is divided into three scopes according to the international climate accounting tool Greenhouse Gas Protocol.
- Scope 1 represents the direct emissions from the business where Folksam’s leased cars are included.
- Scope 2 consists of indirect emissions from electricity and heat in Folksam’s offices.
- Scope 3 includes indirect emissions from travels by air, car and trains as well as consumption of paper, coffee and water. Folksam’s tenure of real estate is included in this scope.

Karin Stenmar, head of Environment, Folksam

No one will be able to afford insurance in the future if we do not come together and join forces in combatting climate change. We view the Haga Initiative’s wide cooperation between different stakeholders as very positive and helpful in contributing to reducing emissions within different sectors.


Karin Stenmar

Head of environment, Folksam