JSC TBC Insurance Sustainability Profile
JSC TBC Insurance, a prominent player in the Georgian insurance market, is headquartered in Tbilisi, Georgia. Established in 2007, the company has rapidly evolved, offering a comprehensive range of insurance products tailored to meet the diverse needs of its clients. TBC Insurance operates primarily in the fields of life and non-life insurance, providing unique solutions that stand out for their customer-centric approach and innovative features. With a strong market position, JSC TBC Insurance has garnered recognition for its commitment to quality service and reliability. The company’s core offerings include health, property, and auto insurance, all designed to provide peace of mind and financial security. As a subsidiary of TBC Bank, it benefits from a robust financial foundation, further enhancing its reputation in the industry.
DitchCarbon Score
How does JSC TBC Insurance'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
JSC TBC Insurance's score of 62 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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JSC TBC Insurance, headquartered in Georgia (GE), currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of TBC Bank Group PLC, which may influence its climate commitments and emissions reporting. As of now, JSC TBC Insurance has not set any documented reduction targets or climate pledges. However, it is important to note that emissions data and performance metrics may be inherited from its parent company, TBC Bank Group PLC, which operates at a cascade level of 1. This means that any climate initiatives or emissions data relevant to JSC TBC Insurance may be reflective of the broader strategies employed by TBC Bank Group PLC. In the context of the insurance industry, companies are increasingly focusing on sustainability and climate resilience. While specific initiatives or targets for JSC TBC Insurance are not detailed, the overarching trend within the sector suggests a growing commitment to reducing carbon footprints and enhancing climate-related disclosures.
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Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,474,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,206,000 | 0,000,000 | 0,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 321,000 | 000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 0,000,000 |
How Carbon Intensive is JSC TBC Insurance's Industry?
How Carbon Intensive is JSC TBC Insurance's Location?
JSC TBC Insurance's Scope 3 Categories Breakdown
JSC TBC Insurance's Scope 3 emissions, which increased by 190% last year and increased by approximately 350% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 28% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
JSC TBC Insurance'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.
JSC TBC Insurance 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.
