Al Madina Insurance Company SAOG Sustainability Profile
Al Madina Insurance Company SAOG, a prominent player in the insurance sector, is headquartered in Oman and serves various regions across the Sultanate. Established in 2002, the company has steadily built a reputation for excellence in providing comprehensive insurance solutions, including life, health, and general insurance products. With a commitment to customer-centric service, Al Madina stands out through its innovative takaful (Islamic insurance) offerings, which align with Sharia principles. The company has achieved significant milestones, including recognition for its financial stability and customer satisfaction. As a trusted name in the industry, Al Madina Insurance Company continues to enhance its market position by delivering tailored insurance solutions that meet the evolving needs of its clients.
DitchCarbon Score
How does Al Madina Insurance Company SAOG'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 Coal Tar Production 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
Al Madina Insurance Company SAOG's score of 18 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Al Madina Insurance Company SAOG's reported carbon emissions
In 2024, Al Madina Insurance Company SAOG, headquartered in Oman, reported total carbon emissions of approximately 470.0 kg CO2e. This figure includes Scope 1 emissions of about 68,890 kg CO2e, primarily from direct operations, and Scope 2 emissions of approximately 13,020 kg CO2e, attributed to purchased electricity. Additionally, the company recorded Scope 3 emissions of around 81,150 kg CO2e, mainly from business travel activities. Currently, Al Madina Insurance Company has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The absence of cascading emissions data suggests that the company operates independently regarding its climate impact reporting. As the insurance sector increasingly focuses on sustainability, Al Madina Insurance Company may benefit from establishing clear climate commitments to enhance its environmental performance and align with industry standards.
How Carbon Intensive is Al Madina Insurance Company SAOG's Industry?
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Al Madina Insurance Company SAOG's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Al Madina Insurance Company SAOG'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.
Al Madina Insurance Company SAOG 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.
