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 lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Icici Lombard's reported carbon emissions
In 2023, ICICI Lombard reported total carbon emissions of approximately 8,679,000 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 marked an increase in emissions compared to previous years, with 2022 figures showing about 8,560,000 kg CO2e in total emissions. The company has demonstrated a commitment to addressing climate change, although specific reduction targets or initiatives have not been disclosed. Their emissions data indicates a focus on transparency, with all three scopes of emissions reported. The lack of defined reduction targets suggests that ICICI Lombard may still be in the process of developing a comprehensive climate strategy. Overall, ICICI Lombard's emissions profile reflects the challenges faced by the insurance industry in managing carbon footprints, particularly in Scope 3 emissions, which often represent the largest share of total emissions. The company’s ongoing efforts to monitor and report emissions are crucial steps towards enhancing their climate commitments.
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Get Started| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 317,050 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,480,440 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,589,600 | 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 committed to any reduction initiatives 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.
