BAO VIETINSURANCE. Sustainability Profile
BAO VIETINSURANCE, officially known as Bao Viet Holdings, is a leading insurance provider headquartered in Vietnam. Established in 1965, the company has grown to become a prominent player in the Vietnamese insurance market, with a strong presence across major operational regions including Hanoi, Ho Chi Minh City, and Da Nang. Specialising in a diverse range of insurance products, BAO VIETINSURANCE offers life, health, and property insurance solutions tailored to meet the needs of individuals and businesses alike. Its commitment to customer service and innovative insurance solutions has positioned it as a trusted name in the industry. Notable achievements include a robust market share and recognition for excellence in service delivery, solidifying its reputation as a pioneer in Vietnam's insurance landscape.
DitchCarbon Score
How does BAO VIETINSURANCE.'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
BAO VIETINSURANCE.'s score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BAO VIETINSURANCE.'s reported carbon emissions
In 2023, BAO VIETINSURANCE reported total carbon emissions of approximately 818,470 kg CO2e in Vietnam. This figure includes 584,400 kg CO2e from Scope 1 emissions, which encompass direct emissions from mobile combustion (86,270 kg CO2e), fugitive emissions (434,830 kg CO2e), and stationary combustion (63,310 kg CO2e). Scope 2 emissions accounted for 189,670 kg CO2e, primarily from purchased electricity (179,480 kg CO2e) and purchased steam (10,200 kg CO2e). Additionally, Scope 3 emissions were recorded at 34,190 kg CO2e, predominantly from business travel (34,170 kg CO2e). Comparatively, in 2022, the company’s total emissions were approximately 1,172,760 kg CO2e, indicating a significant reduction in emissions year-on-year. The breakdown for 2022 included 710,980 kg CO2e from Scope 1, 420,070 kg CO2e from Scope 2, and 41,710 kg CO2e from Scope 3. Despite these figures, BAO VIETINSURANCE has not disclosed any specific reduction targets or climate pledges, nor does it appear to have cascaded data from a parent organization. The emissions data is sourced from Bao Viet Holdings, which provides a broader context for the company's environmental impact. Overall, BAO VIETINSURANCE's commitment to monitoring and reporting its carbon emissions reflects an awareness of its environmental responsibilities, although further initiatives and targets would enhance its climate strategy.
How Carbon Intensive is BAO VIETINSURANCE.'s Industry?
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BAO VIETINSURANCE.'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.
BAO VIETINSURANCE. 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.
