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Public Profile
Insurance Services
IN
updated a month ago

Icici Lombard Sustainability Profile

Company website

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.

34

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.

31

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.

54%

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Icici Lombard's reported carbon emissions

In 2024, ICICI Lombard reported total carbon emissions of approximately 9,072,200 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 8,679,800 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 demonstrated a commitment to transparency in its emissions reporting, disclosing data across all three scopes. However, there are currently no specific reduction targets or climate pledges outlined in their initiatives. The emissions data is not cascaded from a parent company, indicating that ICICI Lombard General Insurance Company Limited independently reports its emissions. The company has also reported emissions intensities, with Scope 1 and 2 emissions intensity at approximately 870 kg CO2e per employee in 2024. Despite the lack of formal reduction targets, ICICI Lombard's ongoing commitment to environmental governance is evident through its comprehensive emissions disclosures.

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20202021202220232024
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

How Carbon Intensive is Icici Lombard's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Icici Lombard's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Icici Lombard's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Icici Lombard is in IN, which has a very high grid carbon intensity relative to other regions.

Icici Lombard'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.

Icici Lombard 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Icici Lombard's Emissions with Industry Peers

Federal Bank

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 18 days ago

Tata Aig General Insurance

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

The Karnataka Bank Limited

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 21 days ago

United India Insurance Company Limited

IN
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 1 month ago

Liberty Mutual Holding Company Inc.

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 2 days ago

Muthoot Fincorp Limited

IN
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 12 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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