Project name: Analysis of the carbon footprint scope 1 and 2 for Croatia osiguranje d.d. for the year 2023 with an overview of measures to reduce emissions
Client: Croatia osiguranje d.d.
Period: 12/2023 – 2/2024
Location: Croatia
The aim of the project was to analyze the Scope 1 and 2 carbon footprint of Croatia osiguranje d.d. for the year 2023. The carbon footprint analysis was conducted in accordance with the HRN EN ISO 14064-1:2018 standard and the methodology of the GHG Protocol Corporate Accounting and Reporting Standard.
The analysis included a review of energy consumption that generates Scope 1 and 2 emissions within Croatia osiguranje d.d. The covered energy sources included both stationary and mobile sources, specifically natural gas, extra light fuel oil, liquefied petroleum gas (LPG), diesel, and gasoline, as well as electricity and thermal energy. The analysis encompassed the development of a greenhouse gas (GHG) inventory, confirmation of organizational boundaries, and verification of reporting boundaries defined in the previous reporting cycle. The greenhouse gases covered by the analysis included carbon dioxide (CO₂), methane (CH₄), and nitrous oxide (N₂O), and emission calculations were based on emission factors from the Sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC).
A quantitative inventory of greenhouse gas emissions was prepared, including an analysis of emissions by location (identifying the largest energy consumers and, accordingly, the locations with the highest emissions) and the distribution of emissions based on the type of fuel used. Data collection was conducted using a designated SharePoint platform, where tables for data collection and all key documents necessary for the carbon footprint analysis were stored. Additionally, in line with the Science Based Targets initiative (SBTi) methodology, the necessary reduction in Scope 1 and 2 greenhouse gas emissions by 2030 was calculated to ensure alignment with the Paris Agreement and the goal of limiting global warming to 1.5°C. An analysis was also conducted on the measures with the highest impact on emission reduction, as well as those with insufficient potential to significantly reduce greenhouse gas emissions.
Preliminary results of the carbon footprint analysis and proposed measures were presented to the Croatia osiguranje team responsible for the implementation of this project and a management board member.
The implementation of this project contributes to the following Sustainable Development Goals (SDGs):
