Etiqa General Insurance Berhad Sustainability Profile
Etiqa General Insurance Berhad, a prominent player in the Malaysian insurance landscape, is headquartered in Kuala Lumpur, Malaysia. Established in 2005, the company has rapidly evolved, offering a comprehensive range of insurance solutions tailored to meet the diverse needs of individuals and businesses across the region. Specialising in general insurance, Etiqa provides unique products such as motor, property, and travel insurance, distinguished by their customer-centric approach and innovative coverage options. The company has garnered a strong market position, recognised for its commitment to service excellence and robust financial stability. With a focus on enhancing customer experience, Etiqa General Insurance Berhad continues to achieve significant milestones, solidifying its reputation as a trusted insurance provider in Malaysia and beyond.
DitchCarbon Score
How does Etiqa General Insurance Berhad'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
Etiqa General Insurance Berhad's score of 35 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Etiqa General Insurance Berhad, headquartered in Malaysia (MY), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Malayan Banking Berhad, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Etiqa General Insurance Berhad, it is important to note that the company is part of a broader corporate family that may have its own sustainability initiatives. The emissions data and performance metrics are cascaded from Malayan Banking Berhad, which operates at a cascade level of 3. This relationship suggests that any climate commitments or emissions reductions may align with the overarching strategies of Malayan Banking Berhad. As of now, Etiqa General Insurance Berhad has not established specific science-based targets (SBTi) or documented reduction initiatives. The absence of emissions data and reduction targets highlights a potential area for growth in their environmental strategy, particularly in aligning with industry standards for climate action.
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| 2012 | 2013 | 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 00,000,000 | 00,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 38,459,060 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Etiqa General Insurance Berhad's Industry?
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Etiqa General Insurance Berhad's Scope 3 Categories Breakdown
Etiqa General Insurance Berhad's Scope 3 emissions, which increased by 58% last year and increased by approximately 294% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 26% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 149194% of Scope 3 emissions.
Top Scope 3 Categories
Etiqa General Insurance Berhad'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.
Etiqa General Insurance Berhad 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.
