Lic
Life Insurance Corporation of India (LIC) is a prominent player in the insurance sector, headquartered in Mumbai, India. Established in 1956, LIC has grown to become one of the largest life insurance companies in the country, with a significant presence across various regions, including urban and rural areas. LIC offers a diverse range of products and services, including life insurance policies, pension plans, and investment options, catering to the financial needs of millions. Its unique blend of traditional and modern insurance solutions sets it apart in a competitive market. With a strong market position, LIC has achieved numerous milestones, including being the first public sector life insurance company in India. Its commitment to customer service and financial security has solidified its reputation as a trusted name in the industry.
DitchCarbon Score
How does Lic's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lic's score of 16 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lic's reported carbon emissions
As of the latest available data, Lic has not reported any specific carbon emissions figures, indicating a lack of publicly disclosed emissions data. Consequently, there are no details regarding Scope 1, 2, or 3 emissions or any significant reduction targets or achievements. Lic has not outlined any specific climate commitments or initiatives, nor have they set Science-Based Targets (SBTi) for emissions reduction. The absence of a climate pledge further highlights the need for enhanced transparency and accountability in their environmental impact reporting. While Lic does not inherit emissions data from a parent company, it is essential for the organisation to consider establishing clear climate commitments and reduction targets to align with industry standards and expectations. This would not only improve their sustainability profile but also contribute positively to the broader climate action efforts within the insurance sector.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lic is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
