Al Rajhi Company for Cooperative Insurance Sustainability Profile
Al Rajhi Company for Cooperative Insurance, commonly known as Al Rajhi Takaful, is a leading provider of cooperative insurance solutions based in Saudi Arabia. Established in 2007, the company has rapidly grown to become a prominent player in the insurance industry, with its headquarters located in Riyadh and operations extending across major regions in the Kingdom. Specialising in a range of products, including motor, health, and property insurance, Al Rajhi Takaful distinguishes itself through its commitment to Sharia-compliant practices and customer-centric services. The company has achieved significant milestones, including recognition for its innovative insurance solutions and strong financial performance, positioning it as a trusted choice for individuals and businesses alike in the competitive insurance market.
DitchCarbon Score
How does Al Rajhi Company for Cooperative Insurance'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 Rajhi Company for Cooperative Insurance's score of 11 is lower than 90% 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 Rajhi Company for Cooperative Insurance's reported carbon emissions
In 2024, Al Rajhi Company for Cooperative Insurance reported total emissions of approximately 50,231,260 kg CO2e, encompassing both Scope 1 and Scope 2 emissions. The breakdown of these emissions includes about 2,386,820 kg CO2e from mobile combustion, 1,457,610 kg CO2e from fugitive emissions, and 1,486,090 kg CO2e from stationary combustion under Scope 1. Additionally, the company reported approximately 48,745,180 kg CO2e from purchased electricity under Scope 2. Currently, Al Rajhi Company does not have any publicly disclosed reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi). The absence of Scope 3 emissions data indicates a potential area for future reporting and commitment. As a significant player in the insurance sector in Saudi Arabia, Al Rajhi Company is positioned to enhance its climate commitments and align with industry standards for sustainability and emissions reduction.
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| 2024 | |
|---|---|
| Scope 1 | 2,967,520 |
| Scope 2 | 48,745,180 |
| Scope 3 | - |
How Carbon Intensive is Al Rajhi Company for Cooperative Insurance's Industry?
How Carbon Intensive is Al Rajhi Company for Cooperative Insurance's Location?
Al Rajhi Company for Cooperative Insurance'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 Rajhi Company for Cooperative Insurance 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.
