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Bajaj Allianz Life Insurance Company Limited, a prominent player in the insurance and pension funding services sector, is headquartered in India. Established in 2001, the company has rapidly evolved, offering a diverse range of life insurance products and pension plans tailored to meet the needs of its customers. With a strong presence across major operational regions in India, Bajaj Allianz is known for its innovative solutions, including term plans, endowment policies, and ULIPs, which stand out for their flexibility and customer-centric features.
As a joint venture between Bajaj Finserv and Allianz SE, Bajaj Allianz has achieved significant milestones, including numerous awards for excellence in customer service and product innovation. The company’s commitment to financial security and its robust market position make it a trusted choice for individuals seeking reliable insurance solutions in India.
-4 vs industry average
Bajaj Allianz Life Insurance Company Limited’s score of 35 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Bajaj Allianz Life Insurance Company Limited, headquartered in India and operating within the insurance and pension funding services industry, reported a total of approximately 14.4 million kg CO2e for the year 2024. This figure encompasses Scope 1 emissions amounting to about 920,590 kg CO2e, Scope 2 emissions of approximately 6.2 million kg CO2e, and Scope 3 emissions totalling around 7.2 million kg CO2e.
For the year 2023, the company's total emissions were approximately 6.6 million kg CO2e. This included Scope 1 emissions of about 1.4 million kg CO2e, Scope 2 emissions of approximately 5.2 million kg CO2e, and Scope 3 emissions of around 3.0 million kg CO2e.
Data for the year 2022 was not explicitly provided in the emissions breakdown.
Bajaj Allianz Life Insurance Company Limited's climate commitments are currently cascaded from its ultimate parent. Specifically, its CDP reporting is sourced from Bajaj Finserv Ltd., indicating a corporate family relationship where climate initiatives and performance are overseen at a higher organisational level. While no specific reduction targets or achievements are detailed for Bajaj Allianz Life Insurance Company Limited in the provided information, the company's disclosures indicate that Scope 1, 2, and 3 emissions are accounted for, with a noted missing data point for "scope_3/purchased_goods_and_services" in its reporting.
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No climate goals have been disclosed for Bajaj Allianz Life Insurance Company Limited yet.
No scope 3 category breakdown has been disclosed yet.
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