International Insurance Company IRAO LLC Sustainability Profile
International Insurance Company IRAO LLC, headquartered in Georgia (GE), has established itself as a prominent player in the insurance industry since its inception in 1996. With a strong presence across the Caucasus region, IRAO offers a diverse range of insurance products, including life, health, and property insurance, tailored to meet the unique needs of its clients. Renowned for its customer-centric approach, IRAO combines innovative solutions with a commitment to quality service, setting itself apart in a competitive market. The company has achieved significant milestones, including expanding its operational footprint and enhancing its product offerings, which has solidified its reputation as a trusted insurer. With a focus on reliability and comprehensive coverage, IRAO LLC continues to lead the way in providing exceptional insurance solutions in the region.
DitchCarbon Score
How does International Insurance Company IRAO LLC'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
International Insurance Company IRAO LLC's score of 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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International Insurance Company IRAO LLC, headquartered in Georgia (GE), currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Vienna Insurance Group AG, which may influence its climate-related strategies and reporting. As of now, IRAO LLC has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific targets suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the absence of direct emissions data and reduction initiatives, it is essential to consider the broader context of the insurance industry, which is increasingly focusing on sustainability and climate resilience. Companies within this sector are often encouraged to adopt transparent reporting practices and set ambitious targets to mitigate their environmental impact. In summary, while International Insurance Company IRAO LLC does not currently provide specific emissions data or reduction commitments, its affiliation with Vienna Insurance Group AG may play a role in shaping its future climate initiatives.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 32,931,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is International Insurance Company IRAO LLC's Industry?
How Carbon Intensive is International Insurance Company IRAO LLC's Location?
International Insurance Company IRAO LLC's Scope 3 Categories Breakdown
International Insurance Company IRAO LLC's Scope 3 emissions, which decreased by 17% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
International Insurance Company IRAO LLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
International Insurance Company IRAO LLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
