Farglory Life Insurance Co., Ltd.
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 higher than 57% 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 2022, Farglory Life Insurance Co., Ltd. reported total carbon emissions of approximately 4,500,000 kg CO2e. This figure includes Scope 1 emissions of about 1,082,446 kg CO2e, Scope 2 emissions of approximately 3,410,318 kg CO2e, and Scope 3 emissions of about 3,466 kg CO2e. Notably, the Scope 3 emissions breakdown reveals significant contributions from the use of sold products (approximately 1,286,124 kg CO2e) and purchased goods and services (about 521,829 kg CO2e). Comparatively, in 2021, the company recorded total emissions of around 2,800,000 kg CO2e, with Scope 1 emissions at approximately 374,006 kg CO2e, Scope 2 emissions at about 3,975,433 kg CO2e, and Scope 3 emissions reaching approximately 2,274,800 kg CO2e. This indicates a substantial increase in total emissions from 2021 to 2022. Farglory Life Insurance Co., Ltd. has not set specific reduction targets or climate pledges, and there are no reported initiatives under the Science Based Targets initiative (SBTi). The emissions data is cascaded from the parent company, reflecting the company's current subsidiary status within the corporate family. Overall, while Farglory Life Insurance Co., Ltd. has disclosed comprehensive emissions data, it currently lacks defined climate commitments or reduction initiatives to address its carbon footprint.
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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 |
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.
Farglory 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.
