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 30 is higher than 51% 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 the years 2023 and 2024, while no emissions data is available for 2022. The reported emissions intensity for Scope 1 and Scope 2 per rupee of turnover adjusted for Purchasing Power Parity (PPP) was 0.000031 kg CO2e in 2024 and 0.000034 kg CO2e in 2023. Overall, Bajaj Allianz Life Insurance Company Limited is actively monitoring its carbon footprint, although it currently lacks defined reduction targets or specific climate pledges.
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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 |
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.
