Farglory Life Insurance Co., Ltd. Sustainability Profile
Farglory Life Insurance Co., Ltd., commonly referred to as Farglory Life, is a prominent player in the Taiwanese insurance industry, headquartered in Taipei, Taiwan (TW). Established in 1995, the company has steadily expanded its operations across major regions in Taiwan, offering a diverse range of life insurance products and services tailored to meet the needs of its clients. Farglory Life is renowned for its innovative insurance solutions, including whole life, term life, and health insurance plans, distinguished by their customer-centric approach and comprehensive coverage options. The company has achieved significant milestones, positioning itself as a trusted provider in the market, with a commitment to financial stability and customer satisfaction. With a focus on enhancing the quality of life for its policyholders, Farglory Life continues to solidify its reputation as a leader in the life insurance sector.
DitchCarbon Score
How does Farglory 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
Farglory Life Insurance Co., Ltd.'s score of 31 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farglory Life Insurance Co., Ltd.'s reported carbon emissions
In 2023, Farglory Life Insurance Co., Ltd. reported total carbon emissions of approximately 3.34 million kg CO2e. This figure includes Scope 1 emissions of about 917,000 kg CO2e and Scope 2 emissions of approximately 2.42 million kg CO2e. Notably, there is no reported data for Scope 3 emissions. In 2022, the company’s total emissions were approximately 4.50 million kg CO2e, with Scope 1 emissions at about 1.08 million kg CO2e and Scope 2 emissions reaching approximately 3.41 million kg CO2e. The Scope 3 emissions for that year were reported at about 3,466 kg CO2e. Farglory Life Insurance has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company operates as a current subsidiary of Farglory Life Insurance Co., Ltd., and all emissions data is directly reported from this entity without cascading from a parent organisation. Overall, Farglory Life Insurance Co., Ltd. is actively monitoring its carbon footprint, with a focus on Scope 1 and Scope 2 emissions, while continuing to assess its climate commitments in the context of industry standards.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 374,006.4 | 0,000,000.0 |
| Scope 2 | 3,975,432.9 | 0,000,000.0 |
| Scope 3 | 2,274,800.1 | 0,000 |
How Carbon Intensive is Farglory Life Insurance Co., Ltd.'s Industry?
How Carbon Intensive is Farglory Life Insurance Co., Ltd.'s Location?
Farglory Life Insurance Co., Ltd.'s Scope 3 Categories Breakdown
Farglory Life Insurance Co., Ltd.'s Scope 3 emissions, which decreased by 100% last year and decreased by approximately 100% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Use of Sold Products" being the largest emissions source at 37107% of Scope 3 emissions.
Top Scope 3 Categories
Farglory Life Insurance Co., Ltd.'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.
Farglory Life Insurance Co., Ltd. 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.
