GIC Re
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.
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
GIC Re's score of 23 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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GIC Re's reported carbon emissions
In 2023, GIC Re reported carbon emissions of approximately 3,227,040 kg CO2e, with all emissions attributed to Scope 2. This marks a notable decrease from previous years, particularly from 2022, where emissions were about 6,026,643 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Historically, GIC Re's emissions have fluctuated, with significant peaks observed in earlier years. For instance, in 2015, the company recorded emissions of approximately 73,500,000 kg CO2e, primarily from Scope 1. The trend indicates a gradual shift towards lower emissions, particularly in Scope 2, which reflects the company's efforts to enhance energy efficiency and reduce reliance on fossil fuels. While GIC Re has not set specific science-based targets or climate pledges, the ongoing reduction in emissions suggests a proactive approach to climate commitments. The company continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2009 | 2010 | 2011 | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,149,757 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - |
| Scope 2 | 5,008,114 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000 | 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.
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.
