Evident is a digital insurance company that started selling insurance in February 2021. From its founders' ample experience in the field, it aims to do better for its customers including how to have a smoother and personal service. As an obvious decision, its founders decided to build the company in a sustainable way from the start, being resource-efficient, traveling, and investing sustainably.
Evident works with GoClimate to work on this foundational principle in terms of its climate impact by: -- keeping track of the evolution of its carbon footprint, --identifying possible reduction actions + how to expand the business in a sustainable way, -- financing climate projects to avoid the release of GHG emissions that would go out into the atmosphere without the financial support.
Through this page, we show a raw and clear view of where Evident Life Försäkring's climate work stands. You can see how it has been evolving and where it is going + what gaps still need filling to decouple more and more from carbon emissions
The increase in emissions is largely connected to new IT equipment, furniture, and construction services in 2022. Purchases that are related to the company's growth.
As a financial institution, the GHG emissions shown in the above graph are missing the emissions related to the money managed by Evident Life. The decision was made not to include them as part of the overall company emissions as Evident Life had not started to invest and manage the money yet as part of their service. However, emission estimations were done for what the emissions related to the cash deposits in the bank indirectly finance. For 2022, they amounted to 448 tonnes.
Source | Description | Share | tCO2e |
---|---|---|---|
Scope 1 | Direct emissions from assets owned or controlled by the company | 0% | 0 |
Scope 2 | Indirect emissions from purchased energy such as electricity or heating | 0.21% | 0.07 |
Scope 3 | Other indirect emissions upstream and downstream in the value chain | 99.79% | 33.34 |
Reduce Scope 1 and 2 emissions 25,2% by 2027 in comparison to 2021
As a small growing company it is great that Evident Life has a reduction target since it is important to work on having as low emissions as possible. GoClimate recognizes that targets do not always recognize the realities of small new companies-specially when set in their first years. Thus, working on strategies to decouple growth from emissions remains the biggest action to take.
For 2022 Evident Life Försäkring financed this Gold standard project to avoid 67 CO2e. This corresponds to 200.54% or their emissions for 2022. Read more about the project here.