Green transformation

Our focus area Green transformation covers two themes in particular: Intelligent climate solutions and environmental considerations in the value chain. But also, our green workplace is a special focus for us in Topdanmark.

Intelligent climate solutions

In recent years, we have seen more extreme weather as a result of higher temperatures and general climate change. The extreme weather poses a challenge to everybody, also to us as an insurance company. We need both solutions to how to adapt to changing weather conditions and long-term solutions to reduce temperature rises.

At Topdanmark, we want to contribute to solutions that benefit both our customers and society. We support the Paris Agreement’s target of a maximum temperature rise of no more than 1.5 degrees by 2050. In practice, this means that we integrate climate considerations into the way we do business. At the same time, we want to support the Danish Parliament’s Climate Act and the goal of a 70% CO2 reduction in 2030.

To an insurance company, climate changes pose a business risk, as it can lead to
increased claims costs. We mitigate the risk e.g. through a comprehensive reinsurance
programme, preventive actions either as a requirement to the customer or as an offer
possibly in combination with a reduction of the premium, and risk-based pricing.

The new weather challenges also call for us to continuously develop new products
and services that meet the customers’ new needs for security and stability in everyday
life. These are also products and services that can contribute to the green transformation. As a company, we can also contribute to a greener everyday life together with our employees.

Environmental considerations in the value chain

The pressure on the world’s resources, e.g. through our consumption of consumer goods, poses a challenge to the environment. There is a great need for us to reduce our footprint in nature – e.g. through recycling and less waste. We want to contribute to that, and therefore, we focus on circular economy through reuse and repair after damage.

With our initiatives under ‘Green transformation’ we contribute to sustainable development goals no. 12 Responsible consumption and production, and goal no. 13 Climate action.

Social responsibility and sustainability are the corner stones of our core business

We focus on three main themes when working with sustainability: Health and well-being in everyday life, Green transformation, and Responsible Foundation.

Download Sustainability report 2023

Pernille Fogh Christensen
Senior Sustainability Consultant
Marie Uldall Thomsen
Sustainability Consultant