Georgian Pension and Insurance Holding JSC Sustainability Profile
Georgian Pension and Insurance Holding JSC, commonly referred to as GPIH, is a leading player in the financial services sector, headquartered in Tbilisi, Georgia. Established in 2006, GPIH has made significant strides in the pension and insurance industries, offering a diverse range of products tailored to meet the needs of its clients across the region. The company specialises in pension fund management, life insurance, and health insurance, distinguished by its commitment to customer-centric solutions and innovative financial products. GPIH has garnered a strong market position, recognised for its reliability and comprehensive service offerings, which cater to both individual and corporate clients. With a focus on sustainable growth and client satisfaction, Georgian Pension and Insurance Holding continues to shape the future of financial security in Georgia and beyond.
DitchCarbon Score
How does Georgian Pension and Insurance Holding JSC'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
Georgian Pension and Insurance Holding JSC's score of 39 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Georgian Pension and Insurance Holding JSC's reported carbon emissions
In 2023, Georgian Pension and Insurance Holding JSC reported total carbon emissions of approximately 26,800,000 kg CO2e. This figure includes 73,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 4,000 kg CO2e from Scope 2 emissions. The majority of their emissions, about 26,723,000 kg CO2e, fall under Scope 3, with investments contributing approximately 26,688,000 kg CO2e. Comparatively, in 2022, the organisation's total emissions were about 29,127,000 kg CO2e, indicating a reduction of approximately 2,327,000 kg CO2e year-on-year. The Scope 1 emissions for 2022 were 66,000 kg CO2e, and Scope 2 emissions remained consistent at 4,000 kg CO2e, while Scope 3 emissions accounted for about 29,057,000 kg CO2e. Despite these figures, Georgian Pension and Insurance Holding JSC has not set specific reduction targets or initiatives, nor do they participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). Their emissions data is not cascaded from a parent organisation, indicating that the reported figures are independently sourced. Overall, while the company has demonstrated a decrease in emissions from 2022 to 2023, the absence of formal reduction commitments highlights an area for potential improvement in their climate strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 66,000 | 00,000 |
| Scope 2 | 4,000 | 0,000 |
| Scope 3 | 29,057,000 | 00,000,000 |
How Carbon Intensive is Georgian Pension and Insurance Holding JSC's Industry?
How Carbon Intensive is Georgian Pension and Insurance Holding JSC's Location?
Georgian Pension and Insurance Holding JSC's Scope 3 Categories Breakdown
Georgian Pension and Insurance Holding JSC's Scope 3 emissions, which decreased by 8% last year and decreased by approximately 8% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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Georgian Pension and Insurance Holding JSC'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.
Georgian Pension and Insurance Holding JSC 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.
