Icici Lombard
ICICI Lombard General Insurance Company Limited, commonly known as ICICI Lombard, is a leading player in the Indian insurance sector, headquartered in Mumbai, India. Founded in 2001, the company has established itself as a prominent provider of a wide range of insurance products, including health, motor, travel, and home insurance. With a strong presence across major operational regions in India, ICICI Lombard is recognised for its innovative solutions and customer-centric approach. The company has achieved significant milestones, including being one of the first to introduce digital insurance services in the country. ICICI Lombard's unique offerings, such as comprehensive health plans and quick claim settlement processes, have positioned it as a trusted choice among consumers. Its commitment to excellence has earned it numerous accolades, solidifying its reputation as a market leader in the general insurance industry.
DitchCarbon Score
How does Icici Lombard'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
Icici Lombard's score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Icici Lombard's reported carbon emissions
In 2024, ICICI Lombard reported total carbon emissions of approximately 9,072,220 kg CO2e, comprising 907,220 kg CO2e from Scope 1, 6,958,170 kg CO2e from Scope 2, and 5,130,640 kg CO2e from Scope 3 emissions. This reflects a slight increase in emissions compared to 2023, where total emissions were about 8,678,800 kg CO2e, with Scope 1 at 867,800 kg CO2e, Scope 2 at 6,480,440 kg CO2e, and Scope 3 at 6,589,600 kg CO2e. Over the past few years, ICICI Lombard has shown a trend of increasing emissions, with 2022 figures at approximately 7,479,800 kg CO2e (Scope 1: 747,980 kg CO2e, Scope 2: 5,564,920 kg CO2e, Scope 3: 5,379,730 kg CO2e) and 2021 at about 5,299,950 kg CO2e (Scope 1: 317,050 kg CO2e, Scope 2: 5,297,950 kg CO2e, Scope 3: 5,099,330 kg CO2e). The emissions for 2020 were notably higher, with total emissions reaching approximately 7,816,250 kg CO2e, split evenly between Scope 2 and Scope 3. Despite the increasing emissions, ICICI Lombard has not set specific reduction targets or climate pledges, nor do they have any SBTi (Science Based Targets initiative) reduction targets in place. The company’s emissions data is not cascaded from any parent organisation, indicating that all reported figures are independently sourced from ICICI Lombard General Insurance Company Limited. Overall, while ICICI Lombard has made strides in reporting its emissions, the lack of reduction initiatives or targets suggests a need for enhanced climate commitments moving forward.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 253,070 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,816,250 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,816,250 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Icici Lombard 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.
