Canara HSBC Life Insurance Company Limited Sustainability Profile
Canara HSBC Life Insurance Company Limited, a prominent player in the Indian insurance sector, is headquartered in Gurgaon, India. Established in 2008, the company has rapidly evolved, offering a diverse range of life insurance products tailored to meet the needs of its customers. With a strong presence across major operational regions in India, Canara HSBC Life Insurance focuses on providing innovative solutions in life insurance, health insurance, and investment products. The company is known for its unique offerings, including term plans, savings plans, and unit-linked insurance plans (ULIPs), which combine insurance with investment opportunities. Canara HSBC Life Insurance has achieved significant milestones, including a robust market position and recognition for its customer-centric approach. With a commitment to financial security and a strong distribution network, the company continues to enhance its reputation in the competitive insurance landscape.
DitchCarbon Score
How does Canara HSBC 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
Canara HSBC Life Insurance Company Limited's score of 27 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canara HSBC Life Insurance Company Limited, headquartered in India, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Canara Bank, which influences its climate commitments and emissions reporting. As part of its climate strategy, Canara HSBC Life Insurance Company Limited inherits emissions data and performance metrics from Canara Bank, which operates at a cascade level of 1. However, no specific reduction targets or significant achievements have been documented in their initiatives. The company has not publicly committed to any specific science-based targets (SBTi) or other climate pledges. This lack of detailed emissions data and reduction initiatives suggests that Canara HSBC Life Insurance Company Limited is still in the early stages of formalising its climate commitments within the insurance sector. Overall, while the company is part of a larger financial institution with potential climate initiatives, specific emissions figures and reduction targets remain unspecified at this time.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 11,741,850 | 00,000,000 |
| Scope 2 | 272,722,940 | 000,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Canara HSBC Life Insurance Company Limited's Industry?
How Carbon Intensive is Canara HSBC Life Insurance Company Limited's Location?
Canara HSBC 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.
Canara HSBC 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.
