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 44 is higher than 63% 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 2023, Cathay Life Insurance Co., Ltd. reported total carbon emissions of approximately 27,141,270 kg CO2e, which includes 2,617,780 kg CO2e from Scope 1 and 24,523,490 kg CO2e from Scope 2 emissions. Additionally, the company recorded 204,290 kg CO2e from Scope 3 emissions related to business travel. This data reflects a commitment to transparency in emissions reporting, with all scopes disclosed. Cathay Life has set ambitious reduction targets as part of its Zero Carbon Operation Transformation plan, initiated in June 2021. The company aims to achieve a 5% reduction in Scope 1 and Scope 2 emissions by 2025, with a longer-term goal of a 25% reduction from a 2020 baseline by 2030. Furthermore, Cathay Life is committed to achieving net zero carbon emissions by 2050 through initiatives such as replacing energy-intensive equipment, promoting renewable energy use, and enhancing workplace transformation. The emissions data and reduction targets are cascaded from its parent company, Cathay Financial Holding Co., Ltd., which oversees the broader climate commitments of the corporate family. This structured approach underscores Cathay Life's dedication to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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| 2022 | |
|---|---|
| Scope 1 | 2,548,050 |
| Scope 2 | 27,079,210 |
| Scope 3 | 49,500 |
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.
