Fubon Life Insurance Co., Ltd. Sustainability Profile
Fubon Life Insurance Co., Ltd., a prominent player in the insurance sector, is headquartered in Taipei, Taiwan (TW). Established in 2001, the company has rapidly evolved, becoming a key provider of life insurance and financial services across Taiwan and other major operational regions in Asia. Fubon Life offers a diverse range of products, including life insurance, health insurance, and investment-linked policies, distinguished by their customer-centric approach and innovative solutions. The company has achieved significant milestones, including recognition for its robust financial stability and commitment to customer service. With a strong market position, Fubon Life Insurance is celebrated for its comprehensive offerings and has garnered numerous awards, solidifying its reputation as a trusted insurance provider in the region.
DitchCarbon Score
How does Fubon 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
Fubon Life Insurance Co., Ltd.'s score of 58 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fubon Life Insurance Co., Ltd.'s reported carbon emissions
In 2023, Fubon Life Insurance Co., Ltd. reported total carbon emissions of approximately 15,757,450 kg CO2e from Scope 1 and 2 combined, with Scope 1 emissions at about 2,102,560 kg CO2e and Scope 2 emissions at approximately 13,654,890 kg CO2e. The company also disclosed significant Scope 3 emissions, totalling about 17,984,270 kg CO2e, which includes categories such as employee commute and fuel-related activities. Fubon Life has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050. This long-term target encompasses both Scope 1 and Scope 2 emissions, with a commitment to achieve annual reduction targets starting from 2023. The company's emissions data is cascaded from its parent company, Fubon Financial Holding Co., Ltd., which oversees broader sustainability initiatives. Fubon Life's emissions strategy aligns with industry standards, reflecting a proactive approach to climate change mitigation. The company is focused on reducing its carbon footprint while enhancing transparency in its environmental impact reporting.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,364,840 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 16,627,770 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 28,036,340 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Fubon Life Insurance Co., Ltd.'s Industry?
How Carbon Intensive is Fubon Life Insurance Co., Ltd.'s Location?
Fubon Life Insurance Co., Ltd.'s Scope 3 Categories Breakdown
Fubon Life Insurance Co., Ltd.'s Scope 3 emissions, which decreased by 5% last year and decreased by approximately 92% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 68% of Scope 3 emissions.
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Fubon 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.
Fubon Life Insurance Co., Ltd. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
