Bajaj Allianz Life Insurance Company Limited Sustainability Profile
Bajaj Allianz Life Insurance Company Limited, a prominent player in the Indian insurance sector, is headquartered in Pune, India. Established in 2001, the company has rapidly evolved, offering a diverse range of life insurance products and services tailored to meet the needs of its customers. With a strong presence across major operational regions in India, Bajaj Allianz has garnered a reputation for its innovative solutions, including term plans, endowment policies, and unit-linked insurance plans (ULIPs). Recognised for its customer-centric approach, Bajaj Allianz Life Insurance has achieved significant milestones, including numerous awards for excellence in service and product offerings. The company stands out in the market for its unique blend of traditional and modern insurance solutions, ensuring financial security for individuals and families alike. As a trusted name in the industry, Bajaj Allianz continues to strengthen its position, making it a preferred choice for life insurance in India.
DitchCarbon Score
How does Bajaj Allianz Life Insurance Company Limited'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 Insurance Services 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
Bajaj Allianz Life Insurance Company Limited's score of 30 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bajaj Allianz Life Insurance Company Limited's reported carbon emissions
In 2024, Bajaj Allianz Life Insurance Company Limited reported total carbon emissions of approximately 14,356,610 kg CO2e. This figure includes 920,590 kg CO2e from Scope 1 emissions, 6,217,290 kg CO2e from Scope 2 emissions, and 7,218,730 kg CO2e from Scope 3 emissions. The previous year, 2023, the company had total emissions of about 6,614,170 kg CO2e, with Scope 1 emissions at 1,417,080 kg CO2e, Scope 2 at 5,197,090 kg CO2e, and Scope 3 at 3,022,000 kg CO2e. Bajaj Allianz Life Insurance has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from its parent company, Bajaj Finserv Ltd., indicating a corporate family relationship that influences its sustainability reporting. The company has disclosed emissions data for Scopes 1, 2, and 3, demonstrating a comprehensive approach to tracking its carbon footprint. However, there are no specific climate pledges or initiatives reported at this time.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,417,080 | 000,000 |
| Scope 2 | 5,197,090 | 0,000,000 |
| Scope 3 | 3,022,000 | 0,000,000 |
How Carbon Intensive is Bajaj Allianz Life Insurance Company Limited's Industry?
How Carbon Intensive is Bajaj Allianz Life Insurance Company Limited's Location?
Bajaj Allianz Life Insurance Company Limited'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.
Bajaj Allianz Life Insurance Company Limited 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.
