FWD Group, commonly referred to as FWD, is a leading insurance provider headquartered in Hong Kong. Established in 2013, the company has rapidly expanded its operations across Asia, with a strong presence in markets such as Thailand, Indonesia, and the Philippines. FWD is renowned for its innovative approach to insurance, focusing on life, health, and general insurance products that cater to the evolving needs of customers.
With a commitment to simplifying insurance, FWD offers unique digital solutions that enhance customer experience and accessibility. The company has achieved significant milestones, including numerous awards for its customer service and product innovation. As a prominent player in the insurance industry, FWD continues to redefine the landscape with its customer-centric philosophy and cutting-edge technology.
-12 vs industry average
Fwd’s score of 25 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Fwd's reported carbon emissions
In 2023, Fwd reported total carbon emissions of approximately 5,512,000 kg CO2e, comprising 518,000 kg CO2e from Scope 1 and 4,994,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data, indicating a gap in their reporting.
Fwd's emissions have seen a slight increase from 2022, where total emissions were approximately 5,145,000 kg CO2e, with Scope 1 at 493,000 kg CO2e and Scope 2 at 4,652,000 kg CO2e. Notably, in 2025, Fwd reported zero emissions for Scope 1 and 2, but this figure may reflect incomplete data rather than actual performance.
Currently, Fwd has not established any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company operates from its headquarters in Hong Kong and is not reported to inherit emissions data from any parent organisation.
Overall, while Fwd has made strides in emissions reporting, the lack of comprehensive data and reduction commitments highlights an area for potential improvement in their climate strategy.
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Fwd’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Fwd yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Fwd
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