Project name: Analysis of the carbon footprint scope 1, 2 and 3 for Croatia osiguranje d.d. and affiliated companies for the year 2024 with an overview of measures to reduce emissions
Client: Croatia osiguranje d.d.
Period: 12/2023 – 3/2025
Location: Croatia
The objective of the project was to analyse the Scope 1, 2, and 3 carbon footprint of Croatia osiguranje d.d., including its affiliated companies, for the year 2024. The analysis was carried out in accordance with the HRN EN ISO 14064-1:2018 standard and the GHG Protocol methodologies—the Corporate Accounting and Reporting Standard for Scope 1 and 2, and the Corporate Value Chain (Scope 3) Standard—supported by the ISO/TR 14069 technical report to ensure greater accuracy and consistency for internal quality control purposes.
The Scope 1 and 2 analysis included a review of energy consumption from both stationary and mobile sources—namely natural gas, extra light fuel oil, liquefied petroleum gas (LPG), diesel, gasoline, electricity, and thermal energy. The work involved developing a greenhouse gas (GHG) inventory, confirming organisational and reporting boundaries, and calculating emissions of carbon dioxide (CO₂), methane (CH₄), and nitrous oxide (N₂O) using emission factors from the Sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR6). A quantitative analysis of emissions by location and fuel type was conducted to identify the largest energy consumers and corresponding emission hotspots. Data collection was facilitated through a designated SharePoint platform used to store data tables and supporting documentation.
In parallel, the Scope 3 analysis addressed GHG emissions arising from both upstream and downstream activities across the value chain. Covered categories included purchased goods and services, capital goods, fuel- and energy-related activities not included in Scope 1 or 2, waste generated in operations, business travel, employee commuting, use of sold products, downstream leased assets, and investments. A Scope 3 GHG inventory was prepared based on standardised questionnaires and available documentation (e.g., invoices, financial and transport records), with an emphasis on traceability and source validation. A review of major emission sources within individual categories was also performed to identify opportunities for future reductions.
Additionally, in line with the Science Based Targets initiative (SBTi), the necessary reduction in Scope 1 and 2 emissions by 2030 was calculated to align with the Paris Agreement and the 1.5°C global warming target. The analysis included an evaluation of high-impact mitigation measures as well as those with limited potential. Preliminary results and proposed reduction measures were presented to the Croatia osiguranje project team and a member of the management board.
The implementation of this project contributes to the following Sustainable Development Goals (SDGs):
