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.
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.
Mean score of companies in the 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.
Income Insurance Limited's score of 30 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Income Insurance Limited reported total carbon emissions of approximately 5,086,000 kg CO2e from Scope 2 and 5,215,000 kg CO2e from Scope 3, alongside 381,000 kg CO2e from Scope 1. This marks a significant reduction in emissions compared to previous years, particularly in Scope 2, which saw a decrease from 5,513,000 kg CO2e in 2022. Over the years, the company has demonstrated fluctuating emissions, with Scope 1 emissions rising from 391,000 kg CO2e in 2019 to 1,329,000 kg CO2e in 2021, before decreasing again in 2023. Scope 2 emissions peaked at 7,177,000 kg CO2e in 2019, while Scope 3 emissions have remained relatively stable, with figures around 6,027,000 kg CO2e in 2021 and 5,215,000 kg CO2e in 2023. Despite these emissions figures, Income Insurance Limited has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to monitor its carbon footprint and aims to enhance its sustainability practices in alignment with industry standards.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 391,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000 |
Scope 2 | 7,177,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | 6,027,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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 committed to any reduction initiatives 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.