Cathay Life Insurance Co.,Ltd.
Cathay Life Insurance Co., Ltd., a prominent player in the insurance industry, is headquartered in Taipei, Taiwan (TW). Established in 1962, the company has grown to become one of the largest life insurers in the region, offering a diverse range of financial products and services. Its core offerings include life insurance, health insurance, and investment-linked policies, distinguished by their customer-centric approach and innovative solutions. With a strong market presence in Taiwan and expanding operations across Asia, Cathay Life has achieved significant milestones, including numerous awards for service excellence and financial stability. The company is recognised for its commitment to sustainability and social responsibility, further solidifying its position as a trusted provider in the life insurance sector.
DitchCarbon Score
How does Cathay Life Insurance Co.,Ltd.'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
Cathay Life Insurance Co.,Ltd.'s score of 40 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cathay Life Insurance Co.,Ltd.'s reported carbon emissions
In 2021, Cathay Life Insurance Co., Ltd. reported total carbon emissions of approximately 10,799,675,000 kg CO2e, with Scope 1 emissions at about 2,357,180 kg CO2e and Scope 2 emissions at approximately 27,079,210 kg CO2e. The company has set ambitious climate commitments, aiming for net zero carbon emissions by 2050. This long-term goal includes initiatives such as replacing energy-intensive equipment, introducing green buildings, and actively using renewable energy. In the near term, Cathay Life has established a target to reduce Scope 1 emissions by 5% from a 2020 baseline by 2025, and a further 25% reduction by 2030. These targets were integrated into the annual KPIs of senior executives to ensure accountability and progress towards their zero-carbon transformation plan, announced in June 2021. The company has consistently disclosed its emissions data, focusing on Scope 1 and Scope 2 emissions, while not currently reporting on Scope 3 emissions. Cathay Life's commitment to sustainability reflects its proactive approach to addressing climate change and reducing its carbon footprint.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,004,610 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 34,440,880 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 407,920 | 000,000 | 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.
Cathay Life Insurance Co.,Ltd. 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.
