Icici Lombard

Icici Lombard's reported carbon emissions

ICICI Lombard, a leading insurance and pension funding services provider headquartered in India, is actively addressing its environmental impact. For the fiscal year 2024, the company reported total greenhouse gas emissions of approximately 7,834,790 kg CO2e. This figure includes Scope 1 emissions of about 907,220 kg CO2e, Scope 2 emissions of approximately 6,958,170 kg CO2e, and Scope 3 emissions amounting to roughly 5,130,640 kg CO2e. In fiscal year 2023, ICICI Lombard's total emissions were approximately 14,057,840 kg CO2e, comprising Scope 1 at 867,800 kg CO2e, Scope 2 at 6,480,440 kg CO2e, and Scope 3 at 6,589,600 kg CO2e. The previous year, fiscal year 2022, saw total emissions of approximately 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. In fiscal year 2021, total emissions were around 10,707,330 kg CO2e, with Scope 1 at 317,050 kg CO2e, Scope 2 at 5,297,950 kg CO2e, and Scope 3 at 5,099,330 kg CO2e. The earliest reported year, fiscal year 2020, recorded total emissions of approximately 16,082,570 kg CO2e, including Scope 1 at 253,070 kg CO2e, Scope 2 at 7,816,250 kg CO2e, and Scope 3 at 7,816,250 kg CO2e. ICICI Lombard's climate commitments are detailed in their sustainability reporting. The company is committed to reducing its environmental footprint, as evidenced by its GHG emissions intensity figures. For fiscal year 2024, GHG emissions intensity (Scope 1 + 2) per employee was 870.0 and per unit of revenue was 3.07e-08 INR. For fiscal year 2023, GHG emissions intensity (Scope 1 + 2) per employee was 970.0 and per unit of revenue was 3.38e-08 INR. In fiscal year 2022, Scope 1 + 2 emissions intensity was 920.0 per employee and 3.4e-08 INR per unit of revenue. For fiscal year 2021, the emission intensity per unit of revenue was 3.0e-08 INR, and for fiscal year 2020, it was 5.0e-08 INR. The company has disclosed its Scope 1, 2, and 3 emissions data, with missing data points noted for scope 3/purchased goods and services in the reported years. ICICI Lombard has not publicly announced specific absolute reduction targets or joined climate initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge.