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Public Profile
Insurance Services
IN
updated a month ago

GIC Re

Company website

GIC Re, or General Insurance Corporation of India, is a prominent player in the reinsurance industry, headquartered in Mumbai, India. Established in 1972, GIC Re has evolved into a leading global reinsurer, serving various operational regions including Asia, Africa, and the Middle East. The company offers a diverse range of products and services, including property, marine, and life reinsurance, distinguished by its robust underwriting expertise and innovative risk management solutions. With a strong market position, GIC Re has achieved significant milestones, such as being the first reinsurance company in India to be listed on the stock exchange. Its commitment to excellence and customer-centric approach has earned it a reputation for reliability and trustworthiness in the reinsurance sector, making it a preferred partner for insurers worldwide.

DitchCarbon Score

How does GIC Re'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.

16

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.

27

Industry Benchmark

GIC Re's score of 16 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.

11%

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GIC Re's reported carbon emissions

GIC Re, headquartered in India, currently does not report any specific carbon emissions data, as there are no available figures for emissions in kg CO2e. Additionally, the organisation has not established any documented reduction targets or climate pledges. In the context of climate commitments, GIC Re's emissions data is not cascaded from any parent organisation, indicating that it operates independently regarding its climate strategy. The absence of reported emissions and reduction initiatives suggests that GIC Re may still be in the early stages of developing a comprehensive climate action plan. As the insurance industry increasingly prioritises sustainability, GIC Re may benefit from aligning with industry standards and setting measurable targets to enhance its environmental performance in the future.

Industry emissions intensity

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Very high
Some industries are more carbon intensive than others. GIC Re's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for GIC Re is in IN, which has a very high grid carbon intensity relative to other regions.

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.

GIC Re 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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