Becoming a carbon-neutral company

wefox firmly believes that insurance protects what matters most to us. It is about lives and livelihoods and about better chances.

wefox wants to take a stance on climate action – for all of us. To achieve that, wefox is committed to reducing its environmental footprint and support compensation projects for the remaining emissions left. As part of this engagement, wefox is currently working on a thorough sustainability strategy. Protecting the environment and our climate are essential parts of this strategy and wefox is committed to becoming a carbon-neutral digital insurance company.

We partnered up with Planetly, a Berlin-based startup that is supporting companies on becoming carbon-neutral. Through the collaboration, we gained transparency on our corporate carbon footprint and identified important levers for reduction and climate action. While reduction and avoidance are key, emissions can currently not be fully avoided for some areas. Therefore we decided to offset our carbon footprint for 2019 by supporting certified climate action projects that tackle climate change.

“wefox’ mission is to “make people be safe”. This goes hand in hand with going easy on resources to keep our planet, as well as the air we breathe, clean and safe. Therefore, we offset CO2 emissions by planting trees, as well as supporting environmental charity projects which allows us to do our part to protect the planet. For us, insurance and sustainability are not unrelated. Our digital products are eco-friendly because almost all of the internal processes at wefox are already automated.”

Julian Teicke, CEO wefox

Analysis Results - Analysis Period 2019:

As an international company with no physical products, the majority of our carbon emissions were caused by business travel and the daily employee commute to work. The second-biggest share of the carbon footprint comes from office operations such as heating and electricity in their office buildings.

982.3 t CO2e

Total Carbon Emissions - 2019

746.8 t CO2e 128.2 t CO2e

Business Travel & Commute Office Operation & Equipment

Supported Projects

The first project of our climate action portfolio protects the Peruvian rainforest. The Rainforest Protection REDD+ project initiated voluntary conservation agreements with local families in exchange for training, organizational capacity building, Fair Trade certification, and market linkages that have transformed their livelihoods.

In Rwanda, we support access to clean drinking water through well construction and maintenance. The project significantly improves local hygiene and health conditions, reduces the dependence on firewood, and ensures more equality between women, men, and non-binary individuals.

As a third project, we chose a biogas project in the Netherlands that generates electricity through effective waste management. Whilst providing local households and institutions with affordable and clean energy, a significant contribution is also made to the local economy as new sustainable economic opportunities are created within the rural area.