Georgian Pension and Insurance Holding JSC
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 40 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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Georgian Pension and Insurance Holding JSC's reported carbon emissions
In 2022, Georgian Pension and Insurance Holding JSC reported total carbon emissions of approximately 22,829,000 kg CO2e. This figure includes 66,000 kg CO2e from Scope 1 emissions and 4,000 kg CO2e from Scope 2 emissions, resulting in a combined total of 22,759,000 kg CO2e for both scopes. This marks a significant reduction from 2021, when total emissions were about 31,354,000 kg CO2e, and from 2020, which saw emissions of approximately 32,186,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce total Scope 1 and Scope 2 emissions by 30% by 2030, using 2022 as the base year. Furthermore, Georgian Pension and Insurance Holding JSC is committed to achieving a 95% reduction in these emissions by 2050, ultimately striving for Net-Zero emissions across both scopes. These targets reflect the company's dedication to addressing climate change and aligning with global sustainability goals. As of now, there is no reported data on Scope 3 emissions, and the company has not disclosed any specific initiatives related to this scope. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by Georgian Pension and Insurance Holding JSC.
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| 2022 | |
|---|---|
| Scope 1 | 66,000 |
| Scope 2 | 4,000 |
| 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.
Georgian Pension and Insurance Holding JSC 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.
