Climate action 

Slowing down and minimising the consequences of climate change is one of the greatest challenges of our time. At Tryg, we want to do our part.

Climate action

We have set climate targets that are in line with scientific recommendations on how much CO2e emissions must be reduced to slow down global warming.

Specifically, we have set the following targets:

  • 42% reduction in CO2e from scope 1 by 2030
  • 100% purchase of renewable electricity in scope 2 by 2030
  • 40% of our purchases must come from suppliers who have set their own Science Based Targets by 2029

    A circular approach to claims handling - to minimise climate and resource footprint

      A large part of Tryg's CO2e emissions come from the approximately 2.2 million annual claims. It requires large amounts of materials such as wood, metal, plastic and glass when our customers need to rebuild their house, repair a van or get a new mobile phone.

      That's why we've been working for years to break away from the ‘use-and-throw-away’ culture and instead promote a circular approach that focuses on repair and reuse. By 2027, we aim to reduce the consumption of new materials by 10% across all types of damage.

      We will repair floors, reuse car parts and repair mobile phones and give them a new life - without compromising on safety and quality. This will help ensure that we reduce CO2e emissions per claim by 6% on average by 2027.

      As a large insurance company, we have many large organisations as customers. Many are in the process of reducing their CO2e emissions, while some haven't got that far yet. We want to motivate them to set their own ambitious climate goals and transform their business.

       

      Read more about Tryg's third strategic focus area, Empowering people, here

       

      Investments

      On Capital Markets Day in December 2024, Tryg announced an updated investment strategy with a focus on minimising investment risks. This means that Tryg's investment portfolio now primarily consists of Nordic bonds, especially mortgage bonds.