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 93% 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. The 2022 data includes specific Scope 1 emissions, with mobile combustion contributing approximately 261,000 kg CO2e and stationary combustion accounting for about 2,056,000 kg CO2e. ICBC has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests that while the corporation is aware of its emissions, it has yet to commit to formal climate pledges or science-based targets for emissions reduction. Overall, ICBC's emissions data highlights the need for enhanced climate commitments and strategies to address their growing carbon footprint in the context of global climate action.
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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.
