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 76% 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, comprising both Scope 1 and Scope 2 emissions. The breakdown includes 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 recorded 48,745,180 kg CO2e from purchased electricity under Scope 2. Currently, Al Rajhi Company has not set any specific reduction targets or initiatives, nor does it report on Scope 3 emissions. The absence of reduction commitments indicates a potential area for future development in their climate strategy. As the company continues to operate within the insurance sector in Saudi Arabia, it may benefit from aligning with industry standards and best practices in emissions reduction and sustainability.
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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.
