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 28 is higher 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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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. The company has disclosed emissions data for all three scopes, indicating a comprehensive approach to tracking its carbon footprint. For 2024, emissions data shows a slight reduction in Scope 1 emissions to about 920,590 kg CO2e, while Scope 2 emissions increased to approximately 6,217,290 kg CO2e, and Scope 3 emissions remained consistent at about 7,218,730 kg CO2e. The total emissions for 2024 are approximately 14,000,000 kg CO2e. Bajaj Allianz has not set specific reduction targets or climate pledges, which may limit its ability to demonstrate a proactive stance in addressing climate change. However, the company continues to monitor its emissions intensity, with a reported Scope 1 and 2 emission intensity of about 0.000034 kg CO2e per rupee of turnover in 2023, reflecting ongoing efforts to improve efficiency. Overall, while Bajaj Allianz Life Insurance Company Limited has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for further commitment to climate action.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,417,080 | 000,000 |
| Scope 2 | 5,197,090 | 0,000,000 |
| Scope 3 | 7,218,730 | 0,000,000 |
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 participating in any of the initiatives that 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.
