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 31 is lower 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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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 about 22,759,000 kg CO2e for both scopes. This marks a significant reduction from 2021, when total emissions were approximately 31,354,000 kg CO2e, and from 2020, which saw emissions of about 32,186,000 kg CO2e. Despite these reductions, the company has not established specific reduction targets or commitments, nor does it report on Scope 3 emissions. The absence of formal climate pledges or Science-Based Targets Initiative (SBTi) commitments indicates a potential area for future development in their climate strategy. Georgian Pension and Insurance Holding JSC's emissions data is not cascaded from any parent organization, reflecting its independent reporting status. The company continues to navigate its climate impact while seeking opportunities for further emissions reductions in the future.
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| 2022 | |
|---|---|
| Scope 1 | 66,000 |
| Scope 2 | 4,000 |
| Scope 3 | - |
How Carbon Intensive is Georgian Pension and Insurance Holding JSC's Industry?
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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.
