Insurance Regulatory and Development Authority
The Insurance Regulatory and Development Authority of India (IRDAI) is the principal regulatory body overseeing the insurance sector in India. Established in 1999 and headquartered in Hyderabad, the IRDAI plays a crucial role in ensuring the growth and stability of the insurance industry across the nation. With a focus on protecting policyholders' interests and promoting fair competition, the authority regulates various segments, including life, health, and general insurance. Notable milestones include the introduction of the Insurance Act and the establishment of a robust framework for insurance companies. IRDAI's core services encompass licensing insurers, monitoring market conduct, and facilitating consumer education, making it a pivotal entity in the Indian insurance landscape. Its commitment to transparency and innovation has solidified its position as a leader in regulatory practices, contributing significantly to the sector's development.
DitchCarbon Score
How does Insurance Regulatory and Development Authority'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 Other 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 Regulatory and Development Authority's score of 0 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Regulatory and Development Authority's reported carbon emissions
The Insurance Regulatory and Development Authority (IRDA) in India currently does not have publicly available carbon emissions data or specific reduction targets related to its climate commitments. Without any reported emissions figures, it is unclear how the organisation is addressing its carbon footprint or contributing to climate action within the insurance sector. In the absence of specific data, it is essential to note that regulatory bodies like the IRDA play a crucial role in promoting sustainability and climate resilience in the insurance industry. They may encourage insurers to adopt environmentally friendly practices and integrate climate risk into their business models, although specific initiatives or commitments from the IRDA have not been disclosed. As the industry evolves, it is anticipated that the IRDA will align with global climate standards and frameworks, potentially setting measurable targets in the future to enhance transparency and accountability in emissions reduction.
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 Regulatory and Development Authority 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.
