FWD Group Holdings Limited Sustainability Profile
FWD Group Holdings Limited, commonly referred to as FWD, is a leading insurance company headquartered in Hong Kong (HK). Founded in 2013, FWD has rapidly expanded its operations across Asia, with a strong presence in markets such as Thailand, Indonesia, and the Philippines. The company operates within the insurance and financial services industry, focusing on life insurance, general insurance, and employee benefits. FWD distinguishes itself through its innovative approach to insurance, offering a range of digital solutions that enhance customer experience. Notable achievements include significant growth in market share and recognition for its customer-centric products. With a commitment to transforming the insurance landscape, FWD Group Holdings Limited continues to solidify its position as a dynamic player in the Asian insurance market.
DitchCarbon Score
How does FWD Group Holdings Limited'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
FWD Group Holdings Limited's score of 33 is higher 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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FWD Group Holdings Limited's reported carbon emissions
In 2024, FWD Group Holdings Limited reported total carbon emissions of approximately 5,645,000 kg CO2e, comprising 556,000 kg CO2e from Scope 1 and about 4,877,000 kg CO2e from Scope 2 (market-based). This marks a slight increase from 2023, where emissions were about 5,781,000 kg CO2e, with Scope 1 emissions at 518,000 kg CO2e and Scope 2 emissions at approximately 5,116,000 kg CO2e (market-based). In 2022, the company recorded total emissions of around 5,145,000 kg CO2e, with Scope 1 at 493,000 kg CO2e and Scope 2 at about 4,578,000 kg CO2e (market-based). FWD Group has set ambitious climate commitments, aiming to phase out thermal coal entirely by 2030 for both Scope 1 and Scope 2 emissions. This initiative reflects a 100% reduction target, initiated in 2021. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations and energy use. The emissions data is cascaded from FWD Group Holdings Limited, which operates as a current subsidiary, and no specific SBTi targets have been reported. The company continues to work towards enhancing its sustainability practices in alignment with industry standards.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 493,000 | 000,000 | 000,000 |
| Scope 2 | 4,578,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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FWD Group Holdings Limited'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.
FWD Group Holdings Limited 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.
