Bajaj Allianz Life Insurance Company Limited
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 25 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bajaj Allianz Life Insurance Company Limited's reported carbon emissions
In 2023, Bajaj Allianz Life Insurance Company Limited reported total carbon emissions of approximately 14,000,000 kg CO2e, comprising 1,417,080 kg CO2e from Scope 1, 5,197,090 kg CO2e from Scope 2, and 7,218,730 kg CO2e from Scope 3 emissions. This data reflects their commitment to transparency in emissions reporting, as they have disclosed emissions across all three scopes. For 2024, the company anticipates a significant increase in emissions, with projections of about 42,089,000 kg CO2e from Scope 2 and 28,753,000 kg CO2e from Scope 3, alongside 6,057,000 kg CO2e from Scope 1. This indicates a growing operational footprint as revenue increases, which was approximately USD 4.59 billion in 2024. Despite the rising emissions, Bajaj Allianz has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their sustainability strategy. The company has reported emission intensity metrics, with Scope 1 and 2 emissions per rupee of turnover adjusted for Purchasing Power Parity (PPP) showing a decrease from 0.000041 kg CO2e in 2022 to 0.000034 kg CO2e in 2023, suggesting some progress in operational efficiency. Overall, while Bajaj Allianz Life Insurance Company Limited is actively disclosing its emissions data, the absence of defined reduction targets highlights the need for a more robust climate commitment moving forward.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,417,080 | 0,000,000 |
| Scope 2 | 5,197,090 | 00,000,000 |
| Scope 3 | 7,218,730 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bajaj Allianz Life Insurance Company Limited is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
