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Public Profile
Insurance Services
LK
updated 8 months ago

Fairfirst Insurance Limited Sustainability Profile

Company website

Fairfirst Insurance Limited, headquartered in Sri Lanka (LK), is a prominent player in the insurance industry, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. Founded in 2017, the company has quickly established itself as a trusted provider of innovative insurance solutions across major operational regions in Sri Lanka. Specialising in general insurance, Fairfirst Insurance stands out with its customer-centric approach and commitment to digital transformation, making the insurance process more accessible and efficient. The company’s core offerings include motor, property, and travel insurance, each designed with unique features that cater to the evolving demands of the market. With a focus on sustainability and community engagement, Fairfirst Insurance Limited has garnered recognition for its ethical practices and has positioned itself as a forward-thinking leader in the Sri Lankan insurance landscape.

DitchCarbon Score

How does Fairfirst Insurance Limited'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.

19

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.

31

Industry Benchmark

Fairfirst Insurance Limited's score of 19 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.

15%

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Fairfirst Insurance Limited's reported carbon emissions

Fairfirst Insurance Limited, headquartered in LK, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Fairfax Financial Holdings Limited, which may influence its climate commitments and emissions reporting. As of now, Fairfirst Insurance Limited has not established any documented reduction targets or specific climate pledges. The absence of emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given its position within the Fairfax Financial Holdings Limited corporate family, any climate commitments or emissions data may be influenced by the parent company's sustainability initiatives. However, without specific figures or targets from either Fairfirst or Fairfax, it is challenging to provide a detailed overview of their carbon footprint or climate commitments. In summary, Fairfirst Insurance Limited is currently lacking in publicly available emissions data and defined climate commitments, reflecting a potential area for future development in sustainability practices.

How Carbon Intensive is Fairfirst Insurance Limited's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Fairfirst Insurance Limited's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Fairfirst Insurance Limited's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Fairfirst Insurance Limited is in LK, which has a medium grid carbon intensity relative to other regions.

Fairfirst Insurance Limited'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.

Fairfirst Insurance Limited 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Fairfirst Insurance Limited's Emissions with Industry Peers

Janashakthi General Insurance Limited

LK
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 2 months ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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