BOCOM MSIG Life Insurance Company Limited Sustainability Profile
BOCOM MSIG Life Insurance Company Limited, commonly referred to as BOCOM Life, is a prominent player in the life insurance sector, headquartered in China. Established in 2002, the company has rapidly expanded its operations across major regions, including Hong Kong and Macau, solidifying its presence in the Asia-Pacific market. Specialising in a range of life insurance products, BOCOM Life offers unique solutions tailored to meet the diverse needs of its clients. Their core offerings include individual life insurance, health insurance, and investment-linked plans, distinguished by their customer-centric approach and innovative features. With a commitment to excellence, BOCOM Life has achieved significant milestones, positioning itself as a trusted provider in the industry. The company’s dedication to quality service and robust financial stability has earned it a reputable standing among competitors, making it a preferred choice for individuals seeking reliable life insurance solutions.
DitchCarbon Score
How does BOCOM MSIG 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
BOCOM MSIG Life Insurance Company Limited's score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BOCOM MSIG Life Insurance Company Limited, headquartered in China (CN), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Bank of Communications Co., Ltd., which may influence its climate commitments and reporting practices. As of now, BOCOM MSIG Life has not established any documented reduction targets or climate pledges. The lack of specific initiatives or targets suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the absence of direct emissions data, it is essential to consider the broader context of the parent company, Bank of Communications Co., Ltd., which may have its own climate initiatives and emissions reporting. However, specific details regarding these initiatives or their impact on BOCOM MSIG Life's commitments are not available. In summary, BOCOM MSIG Life Insurance Company Limited currently lacks specific emissions data and reduction targets, reflecting a potential area for future development in their climate strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 975,980 | 000,000 |
| Scope 2 | 9,836,120 | 0,000,000 |
| Scope 3 | 507,350 | 000,000 |
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BOCOM MSIG Life Insurance Company Limited's Scope 3 Categories Breakdown
BOCOM MSIG Life Insurance Company Limited's Scope 3 emissions, which increased by 13% last year and increased by approximately 13% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 10% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the largest emissions source at 83% of Scope 3 emissions.
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BOCOM MSIG 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.
BOCOM MSIG 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.
