Great Eastern Holdings Sustainability Profile
Great Eastern Holdings, a prominent player in the insurance and financial services industry, is headquartered in Singapore (SG) and operates extensively across Southeast Asia. Founded in 1908, the company has established itself as a trusted provider of life and health insurance, as well as investment-linked products, catering to a diverse clientele. With a commitment to innovation, Great Eastern offers unique solutions that blend traditional insurance with modern financial planning. The company has achieved significant milestones, including being one of the first insurers in the region to embrace digital transformation, enhancing customer experience and accessibility. Recognised for its strong market position, Great Eastern Holdings has garnered numerous awards for its service excellence and product offerings, solidifying its reputation as a leader in the insurance sector.
DitchCarbon Score
How does Great Eastern Holdings'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
Great Eastern Holdings's score of 71 is higher 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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Great Eastern Holdings's reported carbon emissions
In 2024, Great Eastern Holdings reported total carbon emissions of approximately 16,329,930 kg CO2e from Scope 2, 203,960 kg CO2e from Scope 1, and 440,920 kg CO2e from Scope 3. This reflects a commitment to transparency in their emissions reporting, with data disclosed across all three scopes. The company has set ambitious climate commitments, aiming for Net Zero by 2050. They have established interim targets, including a 30% reduction in carbon emissions for Retail Motor on an emissions per Gross Written Premium (GWP) basis by 2030, using 2023 as the baseline year. Additionally, they plan to reduce emissions per Full-Time Equivalent (FTE) by 10% by 2025, focusing on energy-saving features in their Malaysian buildings and integrating environmental considerations into office transformation projects. Great Eastern Holdings is a current subsidiary of Great Eastern Holdings Limited, inheriting emissions data and sustainability initiatives from its parent company. Their ongoing efforts reflect a proactive approach to climate action, aligning with industry standards and expectations for corporate responsibility in emissions reduction.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 14,542,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 190,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Great Eastern Holdings's Industry?
How Carbon Intensive is Great Eastern Holdings's Location?
Great Eastern Holdings's Scope 3 Categories Breakdown
Great Eastern Holdings's Scope 3 emissions, which decreased by 3% last year and increased by approximately 132% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 3% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Great Eastern Holdings'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.
Great Eastern Holdings 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.
