Aditya Birla Sun Life Insurance Company Limited Sustainability Profile
Aditya Birla Sun Life Insurance Company Limited, a prominent player in the Indian insurance sector, is headquartered in Mumbai, India. Established in 2000, the company has rapidly evolved, offering a diverse range of insurance products that cater to the varying needs of its clientele. With a strong presence across major operational regions in India, Aditya Birla Sun Life Insurance focuses on life insurance, health insurance, and retirement solutions. The company is renowned for its innovative offerings, including term plans, ULIPs, and savings plans, which are designed to provide comprehensive financial security. Aditya Birla Sun Life Insurance has consistently achieved significant milestones, positioning itself as a trusted name in the industry, recognised for its customer-centric approach and robust claim settlement ratio.
DitchCarbon Score
How does Aditya Birla Sun Life Insurance Company Limited'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
Aditya Birla Sun Life Insurance Company Limited'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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Aditya Birla Sun Life Insurance Company Limited, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Aditya Birla Capital Limited, which may influence its climate-related initiatives and reporting. As of now, there are no documented reduction targets or climate pledges from Aditya Birla Sun Life Insurance Company Limited. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of formalising its climate commitments. The emissions data and performance metrics may be inherited from its parent company, Aditya Birla Capital Limited, which operates under a broader corporate sustainability framework. This relationship indicates that any climate strategies or targets may be aligned with the parent company's objectives, although specific details are not provided. In summary, while Aditya Birla Sun Life Insurance Company Limited is part of a larger corporate family that may have climate commitments, it currently lacks publicly available emissions data and defined reduction targets.
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| 2013 | 2014 | 2018 | 2019 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 28,478,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000,000 |
| Scope 2 | 26,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 29,200,000 | 00,000,000 | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Aditya Birla Sun Life Insurance Company Limited's Industry?
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Aditya Birla Sun Life Insurance Company Limited's Scope 3 Categories Breakdown
Aditya Birla Sun Life Insurance Company Limited's Scope 3 emissions, which increased by 317% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 33% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 49% of Scope 3 emissions.
Top Scope 3 Categories
Aditya Birla Sun Life Insurance Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Aditya Birla Sun Life Insurance Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
