Cathay Life Insurance Co., Ltd., a prominent player in the insurance and pension funding services sector, is headquartered in Taiwan (TW). Established in 1962, the company has grown to become a leader in providing comprehensive life insurance and pension solutions, catering to a diverse clientele across the region.
With a strong focus on innovation, Cathay Life offers a range of unique products, including life insurance policies, health insurance, and retirement plans, designed to meet the evolving needs of its customers. The company is recognised for its commitment to customer service and financial stability, positioning itself as a trusted partner in securing financial futures.
Over the years, Cathay Life has achieved significant milestones, solidifying its market position and earning accolades for its robust performance in the insurance industry. Its dedication to excellence continues to drive its success in Taiwan and beyond.
+6 vs industry average
Cathay Life Insurance Co.,Ltd.’s score of 43 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Cathay Life Insurance Co.,Ltd.'s reported carbon emissions
Cathay Life Insurance Co., Ltd., headquartered in TW and operating within the insurance and pension funding services sector, is actively addressing its carbon footprint. For the reporting year 2024, the company reported total emissions of approximately 10.83 billion kg CO2e, primarily driven by Scope 3 emissions, specifically from investments. In 2023, Cathay Life Insurance Co., Ltd. disclosed Scope 1 emissions totalling approximately 2.62 million kg CO2e. The previous year, 2022, saw Scope 1 emissions of about 2.55 million kg CO2e. Scope 2 emissions for 2022 were approximately 27.08 million kg CO2e on a market-based approach and approximately 25.27 million kg CO2e on a location-based approach. Scope 3 emissions for 2022 included business travel, amounting to approximately 49,500 kg CO2e. In 2020, Scope 1 emissions were approximately 2.48 million kg CO2e and Scope 2 emissions were approximately 29.75 million kg CO2e. In 2019, Scope 1 emissions stood at approximately 2.35 million kg CO2e, with Scope 2 emissions at approximately 30.66 million kg CO2e. For 2018, Scope 1 emissions were approximately 2.17 million kg CO2e and Scope 2 emissions were approximately 31.76 million kg CO2e. Cathay Life Insurance Co., Ltd. has established several climate commitments. The company aims to reduce Scope 1 and Scope 2 emissions by 25% from a 2020 baseline by 2030. Furthermore, Cathay Life Insurance Co., Ltd. has set a long-term goal to achieve net zero carbon emissions by 2050 through initiatives such as energy-efficient equipment upgrades, green building adoption, renewable energy utilisation, and workplace transformation. A near-term net-zero transformation plan, announced in June 2021, aims for a 5% reduction by 2025, with targets integrated into executive KPIs. The emissions data for Cathay Life Insurance Co., Ltd. is cascaded from its ultimate parent organisation, Cathay Financial Holding Co., Ltd., where Cathay Life Insurance Co., Ltd. is a current subsidiary.
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Cathay Life Insurance Co.,Ltd.’s Climate Goals (2030 & 2050)
6 goals2030
25% reduction in Scope 2
Reduce by 25% from 2020 baseline by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Cathay Financial Holding Co., Ltd.
Carbon Disclosure Project
Inherited from Cathay Financial Holding Co., Ltd.
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Inherited from Cathay Financial Holding Co., Ltd.
Climate Action 100
Emissions comparison with industry peers
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Cathay Life Insurance Co.,Ltd.
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