Icici Lombard Sustainability Profile
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 52% 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 2024, ICICI Lombard reported total carbon emissions of approximately 9,072,20 kg CO2e (Scope 1: 907,220 kg CO2e, Scope 2: 6,958,170 kg CO2e, Scope 3: 5,130,640 kg CO2e). This marks a slight increase in emissions compared to 2023, where total emissions were about 8,678,800 kg CO2e (Scope 1: 867,800 kg CO2e, Scope 2: 6,480,440 kg CO2e, Scope 3: 6,589,600 kg CO2e). Over the past few years, ICICI Lombard has shown a commitment to monitoring and reporting its emissions across all three scopes. In 2022, the company reported total emissions of approximately 8,067,630 kg CO2e (Scope 1: 747,980 kg CO2e, Scope 2: 5,564,920 kg CO2e, Scope 3: 5,379,730 kg CO2e). The trend indicates a need for enhanced strategies to manage and reduce emissions effectively. Despite the comprehensive emissions data, ICICI Lombard has not set specific reduction targets or initiatives as part of its climate commitments. The company does not currently participate in the Science Based Targets initiative (SBTi) or other formal climate pledges. As a significant player in the insurance sector, ICICI Lombard's emissions data is independently reported and not cascaded from a parent organization. The company continues to focus on transparency in its environmental impact, aligning with industry standards for climate reporting.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| 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?
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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.
