Insurance Corporation Of British Columbia
The Insurance Corporation of British Columbia (ICBC) is a prominent provider of auto insurance and related services, headquartered in British Columbia, Canada. Established in 1973, ICBC has played a pivotal role in the province's insurance landscape, offering comprehensive coverage options for drivers across the region. Specialising in vehicle insurance, ICBC is known for its unique public auto insurance model, which aims to provide affordable and accessible coverage for all British Columbians. The corporation also offers services such as driver licensing and vehicle registration, enhancing its position as a one-stop solution for motorists. With a strong commitment to customer service and community safety, ICBC has established itself as a leader in the insurance industry, continually adapting to meet the evolving needs of its clients while maintaining a focus on road safety initiatives.
DitchCarbon Score
How does Insurance Corporation Of British Columbia'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
Insurance Corporation Of British Columbia's score of 20 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Insurance Corporation Of British Columbia's reported carbon emissions
In 2023, the Insurance Corporation of British Columbia (ICBC) reported total carbon emissions of approximately 14,174,000 kg CO2e. This marks an increase from 2022, when emissions were about 12,686,000 kg CO2e, with Scope 1 emissions contributing significantly, including 2,056,000 kg CO2e from stationary combustion and 261,000 kg CO2e from mobile combustion. ICBC has not disclosed any Scope 2 or Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The absence of formal climate pledges or reduction targets indicates a need for further commitment to climate action. The emissions data reflects ICBC's operational impact and highlights the importance of developing comprehensive strategies to address carbon emissions in the insurance sector. As of now, ICBC's emissions data is not cascaded from any parent organization, indicating that the figures are solely representative of their own operations.
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| 2022 | |
|---|---|
| Scope 1 | 2,317,000 |
| Scope 2 | - |
| Scope 3 | - |
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.
Insurance Corporation Of British Columbia 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.
