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 37 is higher than 86% 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 2018, Cathay Life Insurance Co., Ltd. reported total carbon emissions of approximately 34,009,860 kg CO2e from Scope 2, 2,174,890 kg CO2e from Scope 1, and 1,091,180 kg CO2e from Scope 3. This data indicates a commitment to transparency in emissions reporting across all three scopes. Comparatively, in 2017, the company recorded emissions of about 34,221,620 kg CO2e in Scope 2, 2,096,340 kg CO2e in Scope 1, and 210,040 kg CO2e in Scope 3. The 2016 figures were approximately 34,440,880 kg CO2e for Scope 2, 2,004,610 kg CO2e for Scope 1, and 407,920 kg CO2e for Scope 3. Despite these disclosures, Cathay Life Insurance has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of defined goals may reflect a broader industry context where many companies are still developing comprehensive climate strategies. Overall, while Cathay Life Insurance demonstrates a commitment to emissions transparency, further action towards measurable reduction targets would enhance its climate commitments.
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| 2016 | 2017 | 2018 | |
|---|---|---|---|
| Scope 1 | 2,004,610 | 0,000,000 | 0,000,000 |
| Scope 2 | 34,440,880 | 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.
