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ICICI Lombard General Insurance Company Limited, commonly referred to as ICICI Lombard, is a leading player in the insurance and pension funding services sector in India. Headquartered in Mumbai, the company has established a strong presence across various regions, providing comprehensive insurance solutions tailored to meet diverse customer needs. Founded in 2001, ICICI Lombard has achieved significant milestones, including being one of the first private sector general insurers to receive an ISO certification.
The company offers a wide range of products, including health, motor, travel, and home insurance, distinguished by their innovative features and customer-centric approach. ICICI Lombard is recognised for its robust market position, consistently ranking among the top general insurers in India, and has received numerous accolades for its service excellence and commitment to customer satisfaction.
34
DitchCarbon score
-5 vs industry average
Icici Lombard’s score of 34 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Icici Lombard's reported carbon emissions
ICICI Lombard, an insurance and pension funding services provider headquartered in India, reported its total carbon emissions for 2024 as 12,994,030 kg CO2e. This includes 907,220 kg CO2e from Scope 1 emissions, 6,958,170 kg CO2e from Scope 2 emissions, and 5,130,640 kg CO2e from Scope 3 emissions.
In 2023, the company's total emissions were 13,937,840 kg CO2e, comprising 867,800 kg CO2e in Scope 1, 6,480,440 kg CO2e in Scope 2, and 6,589,600 kg CO2e in Scope 3. For 2022, total emissions were 11,692,630 kg CO2e, with Scope 1 at 747,980 kg CO2e, Scope 2 at 5,564,920 kg CO2e, and Scope 3 at 5,379,730 kg CO2e.
Looking further back, in 2021, ICICI Lombard's total emissions reached 10,714,330 kg CO2e, broken down into 317,050 kg CO2e for Scope 1, 5,297,950 kg CO2e for Scope 2, and 5,099,330 kg CO2e for Scope 3. In 2020, the total emissions were 15,885,570 kg CO2e, with 253,070 kg CO2e from Scope 1, 7,816,250 kg CO2e from Scope 2, and 7,816,250 kg CO2e from Scope 3.
ICICI Lombard has not disclosed any specific carbon reduction targets, Science Based Targets initiative (SBTi) commitments, or climate pledges.
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Icici Lombard’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Icici Lombard yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Icici Lombard5 months ago
34
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