Income Insurance Limited
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 57 is higher than 79% 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 reported total carbon emissions of approximately 1,080,000 kg CO2e across all scopes. This includes about 719,000 kg CO2e from Scope 1, 4,605,000 kg CO2e from Scope 2, and a significant 1,082,137,000 kg CO2e from Scope 3, primarily related to investments. Comparatively, in 2023, the company emitted about 5,086,000 kg CO2e in Scope 2 and 1,202,636,000 kg CO2e in Scope 3, indicating a slight decrease in Scope 3 emissions. In 2022, the total emissions were approximately 5,513,000 kg CO2e for Scope 2 and 972,238,000 kg CO2e for Scope 3. Despite these figures, Income Insurance Limited has not set specific reduction targets or climate pledges, which may limit their ability to demonstrate a proactive approach to climate commitments. The company has disclosed emissions data for all three scopes, showcasing transparency in their reporting practices. Overall, while Income Insurance Limited has made strides in emissions reporting, the absence of defined reduction initiatives suggests an opportunity for further commitment to climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 391,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 7,177,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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 |
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.
Income Insurance Limited is not participating in any of the initiatives that 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.
