Potential offtaker

Gjensidige Forsikring ASA

www.gjensidige.no

Estimated electricity consumption

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Countries of production presence

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Gjensidige Forsikring ASA is a Norwegian insurance company that has been operating since 1816. It is one of the largest insurers in Norway and offers a range of insurance products, including property and casualty (P&C) insurance. The company has a strong focus on sustainability and has taken several initiatives to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus area for Gjensidige Forsikring ASA. The company has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to its 2019 baseline. To achieve this, the company has implemented several measures, including energy efficiency improvements, the use of renewable energy sources, and the adoption of low-emission vehicles.

One of the ways in which Gjensidige Forsikring ASA is promoting renewable energy is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term agreement between an energy buyer and a renewable energy provider, where the buyer agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. Gjensidige Forsikring ASA has signed several corporate PPAs with renewable energy providers in Norway, which has helped the company to reduce its carbon footprint and promote the development of renewable energy.

Corporate energy is another area of focus for Gjensidige Forsikring ASA. The company has implemented several energy efficiency measures in its operations, such as the installation of energy-efficient lighting and heating systems, and the use of energy-efficient IT equipment. These measures have helped the company to reduce its energy consumption and lower its carbon footprint.

Gjensidige Forsikring ASA is also involved in several initiatives to promote renewable energy and decarbonisation in Norway. The company is a member of the Norwegian Climate Foundation, which is a non-profit organization that works to promote climate-friendly solutions in Norway. The company is also a member of the Norwegian Renewable Energy Association, which is a trade association that promotes the development of renewable energy in Norway.

In addition to its focus on sustainability, Gjensidige Forsikring ASA is also committed to social responsibility. The company has a strong corporate social responsibility (CSR) program, which includes initiatives to support local communities, promote diversity and inclusion, and promote responsible business practices.

In conclusion, Gjensidige Forsikring ASA is a Norwegian insurance company that is committed to sustainability and social responsibility. The company has taken several initiatives to reduce its carbon footprint and promote renewable energy, including the use of corporate PPAs and energy efficiency measures. The company is also involved in several initiatives to promote renewable energy and decarbonisation in Norway. With its strong focus on sustainability and social responsibility, Gjensidige Forsikring ASA is well-positioned to meet the challenges of a rapidly changing world.

✓ Declared Net Zero commitment