CO2 Transparency

Evident Life Försäkring

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

Read more about how GoClimate's transparency page works here.

Climate Achievements

Ambitious targets
Evident Life Försäkring has not set reduction targets that meet the criteria. See requirements
Reduced emissions
For 2022, Evident Life Försäkring did not reduce emissions enough to meet the requirements for this achievement. See requirements
Financing climate projects
Evident Life Försäkring supported Gold Standard-certified climate projects corresponding to 200.54% of its most recent carbon footprint. See requirements

Emissionstonnes CO2e

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.

The emissions for 2022 can be compared to

102,768 hours by train
167 hours by plane
15,186 hamburgers
66,820 vegan burgers

Greenhouse Gas Protocol emissions

SourceSharetCO2e
Scope 10%0
Scope 20.21%0.07
Scope 399.79%33.34
Scope 1 Direct emissions from assets owned or controlled by the company
Scope 2 Indirect emissions from purchased energy such as electricity or heating
Scope 3 Other indirect emissions upstream and downstream in the value chain

Targets

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.

Projects financed

project

Burn stoves project in Kenya

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.

Climate actions

  • Only buy in and use recycled paper in the office.
  • Train/inform all current and new employees about which modes of transport provide the least emissions. Encourage employees to use these public transport alternatives cycling/walking when moving to and from the office and in the service.
  • Continue to empower employees to work digitally from the location that best suits them for their work task, and the individual's wishes, to reduce the number of unnecessary trips to and from the office.
  • Continue to be restrained regarding business trips and use digital meetings as one option when appropriate.
  • Urge the landlord KG10 to introduce waste sorting in the kitchen of the office premises. Follow up on how this call is received by KG10.
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CO2 Transparency • Evident Life Försäkring