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If’s environmental objective is to reduce the company’s environmental impact and contribute to a sustainable future.

If’s Steering Group on Sustainability has developed an environmental strategy for the company, defining the Environmental Policy, as well as long-term and ongoing goals, and establishing a basis for the approach to minimize environmental impacts. In 2019, If will establish new long-term sustainability targets for If’s key sustainability areas: Climate; Supply Chain & Materials; Work Environment; Diversity & Gender Equality; and Responsible Business Practices.

If’s commitments to customers, partners, and society are stated in the Environmental Policy and Environmental Strategy. The commitments stated are:

  • If always endeavors to find the best possible environmental solution – for customers, suppliers, partners, and the company
  • If develops products, processes, and loss prevention services in order to help customers act in a more environmentally friendly manner
  • If encourages and supports suppliers and partners in their efforts to use more environmentally friendly methods in their operations
  • If must always give its employees the opportunity to act in an environmentally friendly way, through the provision of guidelines and support
  • If must always provide information about environmental risks and participate actively in the public debate concerning climate change.

The activities to tackle the environmental impacts of If’s own operations can be divided into two categories:

1) activities related to If’s employees and activities in its own operations, and
2) activities related to If's business operations.

The activities related to If's employees and own operations include minimizing waste (e.g. during 2018 disposable plastic cups were phased-out from all If offices): increasing energy efficiency (e.g. installation of LED lightening in conjunction with renovations); supporting the use of renewable energy (e.g. all electricity purchased by If comes from renewable sources); increasing the number of virtual meetings instead of traveling, and promoting train travel as an alternative to air travel; focusing on training and awareness; increasing employee engagement through theme weeks; encouraging the local environmental groups of each If office; and increasing the amount of green IT. The activities related to If's business operations include, for example, integrating environmental criteria in the procurement policy and promoting environmentally friendly alternatives (e.g. If cooperates with the Nordic Ecolabel), as well as placing environmental and health-related requirements on property and vehicle repair contractors (e.g. encouraging reuse and recycling). All of these activities aim to reduce If’s environmental impact and CO2e emissions, and they also support If’s long-term environmental targets. All major If offices (approximately >100 employees) have some form of environmental action program in place.

If’s aim is to continuously reduce the company’s own emissions and If encourages its partners and customers to reduce theirs. As a provider of financial services If’s carbon emissions are primarily linked to business air travel (68 per cent), business car travel (18 per cent), and energy use (14 per cent). In 2018, If’s total direct and indirect CO2e emissions were 9,002 tons, which is an increase of 2.3 per cent since 2017. The increase in total emissions is mainly due to an increase in the number of employees and increase in emissions from business air travel. CO2e emissions per employee were 1.56 tons, which is a decrease of 1.3 per cent compared to 2017.

Since 2011, all CO2e emissions arising from If’s own operations have been offset. In 2018, If offset all its CO2e emissions through a Gold Standard VER project called Breathing Space.

Ongoing Targets and Results in 2018, If


Total CO2e Emissions, If 


CO2e Emissions per Employee, If


Further information can be found in the If Sustainability Report.

Updated 12 May 2018