Janashakthi General Insurance Limited Sustainability Profile
Janashakthi General Insurance Limited, a prominent player in the insurance sector, is headquartered in Sri Lanka (LK) and has established a strong presence across the island. Founded in 1994, the company has achieved significant milestones, positioning itself as a trusted provider of innovative insurance solutions. Specialising in general insurance, Janashakthi offers a diverse range of products, including motor, property, and travel insurance, tailored to meet the unique needs of its clients. What sets Janashakthi apart is its commitment to customer-centric service and comprehensive coverage options, ensuring peace of mind for policyholders. With a reputation for reliability and excellence, Janashakthi General Insurance Limited has garnered numerous accolades, solidifying its status as a leading insurer in the region. The company continues to evolve, adapting to market demands while maintaining its core values of integrity and service.
DitchCarbon Score
How does Janashakthi General 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.
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
Janashakthi General Insurance Limited's score of 71 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Janashakthi General Insurance Limited, headquartered in Sri Lanka (LK), currently does not have specific carbon emissions data available for reporting. The company is a current subsidiary of Allianz SE, and as such, it inherits climate commitments and performance metrics from its parent organisation. While there are no documented reduction targets or specific emissions figures, Janashakthi aligns with the sustainability initiatives set forth by Allianz SE, which include participation in the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). These initiatives aim to drive significant reductions in greenhouse gas emissions across their operations. As a subsidiary, Janashakthi's climate commitments are influenced by Allianz SE's broader sustainability strategies, which focus on achieving net-zero emissions and promoting renewable energy usage. However, specific targets or achievements at the subsidiary level have not been disclosed. In summary, while Janashakthi General Insurance Limited does not report its own emissions data or reduction targets, it is committed to the climate initiatives established by Allianz SE, reflecting a corporate responsibility towards reducing carbon footprints and enhancing sustainability practices.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 51,838,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 167,888,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 159,719,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Janashakthi General Insurance Limited's Industry?
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Janashakthi General Insurance Limited's Scope 3 Categories Breakdown
Janashakthi General Insurance Limited's Scope 3 emissions, which increased by 6% last year and decreased by approximately 36% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 54% of Scope 3 emissions.
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Janashakthi General Insurance Limited'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.
Janashakthi General Insurance Limited 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.
