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Public Profile
Insurance Services
TW
updated a month ago

Farglory Life Insurance Co., Ltd. Sustainability Profile

Company website

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.

31

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

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.

49%

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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 2,424,100.1 kg CO2e, with Scope 1 emissions accounting for about 916,697.5 kg CO2e and Scope 2 emissions also at 2,424,100.1 kg CO2e. The combined total for Scope 1 and Scope 2 emissions reached approximately 3,340,798.0 kg CO2e. This represents a significant decrease from 2022, when total emissions were about 3,410,317.6 kg CO2e, with Scope 1 emissions at approximately 1,082,445.8 kg CO2e. Farglory Life Insurance has not set specific reduction targets or initiatives as part of their climate commitments, and there are no reported emissions for Scope 3. The company is a current subsidiary of Farglory Life Insurance Co., Ltd., and all emissions data is directly sourced from their own reporting. The company’s emissions data reflects a commitment to transparency in their environmental impact, although further details on specific reduction strategies or climate pledges are not available.

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20212022
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Farglory Life Insurance Co., Ltd.'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 Farglory Life Insurance Co., Ltd.'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 Farglory Life Insurance Co., Ltd. is in TW, which we do not have grid emissions data for.

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

2022
Use of Sold Products
37107%
Purchased Goods and Services
15056%
Waste Generated in Operations
78%

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.

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 Farglory Life Insurance Co., Ltd.'s Emissions with Industry Peers

Chubb

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 11 days ago

ALLIANZ GROUP

DE
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 9 days ago

China Life Insurance Company Limited

CN
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 21 days ago

Cardif Assurance Vie (Taiwan Branch)

TW
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 18 days ago

Zurich

CH
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 10 hours ago

Ping An Insurance

CN
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 8 days 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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