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 17 is lower than 74% 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 carbon emissions of approximately 50.2 million kg CO2e. This figure comprises 2,967,520 kg CO2e from Scope 1 emissions, which include mobile combustion, fugitive emissions, and stationary combustion, and 48,745,180 kg CO2e from Scope 2 emissions, primarily from purchased electricity. Notably, there are no reported Scope 3 emissions. Despite the significant emissions, the company has not established specific reduction targets or initiatives as part of its climate commitments. There are no climate pledges or SBTi (Science Based Targets initiative) targets currently in place. The absence of reduction initiatives suggests a potential area for future development in their sustainability strategy. Al Rajhi Company for Cooperative Insurance operates within a broader industry context that increasingly prioritises carbon reduction and climate action, highlighting the importance of establishing measurable targets to align with global climate goals.
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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.
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