FWD Group Holdings Limited
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 59% 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 totalled around 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 about 5,145,000 kg CO2e in total emissions, with Scope 1 at 493,000 kg CO2e and Scope 2 at around 4,578,000 kg CO2e (market-based). FWD Group has set ambitious climate commitments, aiming to phase out thermal coal by 2030 for both Scope 1 and Scope 2 emissions, targeting a 100% reduction in this area. This initiative reflects the company's commitment to sustainability and reducing its carbon footprint. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations and energy use.
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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 | - | - | - |
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.
FWD Group Holdings Limited 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.
