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 81% 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 2023, ICICI Lombard reported total carbon emissions of approximately 6,589,600 kg CO2e, comprising 867,800 kg CO2e from Scope 1, 6,480,440 kg CO2e from Scope 2, and 6,589,600 kg CO2e from Scope 3 emissions. This represents an increase in emissions compared to 2022, where total emissions were about 5,374,730 kg CO2e, with Scope 1 at 747,980 kg CO2e and Scope 2 at 5,564,920 kg CO2e. In 2024, emissions were reported at approximately 5,130,640 kg CO2e for Scope 3, with Scope 1 and Scope 2 emissions at 907,220 kg CO2e and 6,958,170 kg CO2e, respectively. This indicates a continued focus on tracking and reporting emissions across all scopes. Despite the increase in emissions, ICICI Lombard has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to monitor its emissions and has disclosed data for all three scopes, demonstrating a commitment to transparency in its environmental impact reporting.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 317,050 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,253,070 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,480,440 | 000,000 | 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.
