Income Insurance Limited Sustainability Profile
Income Insurance Limited, commonly referred to as Income, is a prominent player in the insurance industry, headquartered in Singapore (SG). Established in 1970, the company has made significant strides in providing innovative insurance solutions across various sectors, including life, health, and general insurance. With a strong presence in Singapore and expanding operations in the Asia-Pacific region, Income is renowned for its customer-centric approach and unique offerings, such as its comprehensive income protection plans and digital insurance services. The company has achieved notable milestones, including being the first insurer in Singapore to introduce a fully digital claims process, enhancing customer experience and efficiency. As a trusted name in the insurance market, Income Insurance Limited continues to uphold its commitment to financial security and peace of mind for its policyholders, solidifying its position as a leader in the industry.
DitchCarbon Score
How does Income Insurance Limited'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
Income Insurance Limited's score of 35 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Income Insurance Limited's reported carbon emissions
In 2024, Income Insurance Limited, headquartered in Singapore (SG), reported total carbon emissions of approximately 10,456,000 kg CO2e. This figure includes Scope 1 emissions of about 719,000 kg CO2e, Scope 2 emissions of approximately 4,605,000 kg CO2e, and Scope 3 emissions of around 5,132,000 kg CO2e. The company has shown a commitment to transparency in its emissions reporting, with data cascaded from its parent organization, Income Insurance Limited, reflecting its corporate family relationship. Notably, there are no specific reduction targets or climate pledges documented, indicating a potential area for future development in their sustainability strategy. In the previous year, 2023, Income Insurance Limited reported total emissions of approximately 10,682,000 kg CO2e, with Scope 1 emissions at about 381,000 kg CO2e, Scope 2 at approximately 5,086,000 kg CO2e, and Scope 3 at around 5,215,000 kg CO2e. This demonstrates a slight decrease in total emissions from 2023 to 2024. Overall, while Income Insurance Limited has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for enhanced climate commitments moving forward.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 391,000 | 000,000 | - | - | - | - |
| Scope 2 | 7,177,000 | 0,000,000 | - | - | - | - |
| Scope 3 | 6,027,000 | 0,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Income Insurance Limited's Industry?
How Carbon Intensive is Income Insurance Limited's Location?
Income Insurance Limited's Scope 3 Categories Breakdown
Income Insurance Limited's Scope 3 emissions, which decreased by 10% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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Income Insurance Limited'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.
Income Insurance Limited 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.
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