Jubilee Holdings Limited Sustainability Profile
Jubilee Holdings Limited, commonly known as Jubilee Insurance, is a leading insurance provider headquartered in Nairobi, Kenya. Established in 1937, the company has grown to become a prominent player in the East African insurance market, with significant operations in Kenya, Uganda, Tanzania, and Mauritius. Specialising in life and general insurance, Jubilee Holdings offers a diverse range of products, including health, motor, and property insurance, distinguished by their customer-centric approach and innovative solutions. The company has achieved notable milestones, such as being the first insurance firm to be listed on the Nairobi Securities Exchange, solidifying its market position. With a commitment to excellence and a strong reputation for reliability, Jubilee Holdings continues to set industry standards in the region.
DitchCarbon Score
How does Jubilee Holdings 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 Coal Tar Production 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
Jubilee Holdings Limited's score of 38 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Jubilee Holdings Limited's reported carbon emissions
In 2023, Jubilee Holdings Limited reported total carbon emissions of approximately 339.5 million kg CO2e. This figure includes Scope 1 emissions of about 78,000 kg CO2e, primarily from mobile and stationary combustion, Scope 2 emissions of approximately 175,000 kg CO2e, and significant Scope 3 emissions totalling around 339.2 million kg CO2e, largely driven by investments and purchased goods and services. In comparison, the 2022 emissions were approximately 351.0 million kg CO2e, with Scope 1 emissions at about 95,000 kg CO2e, Scope 2 emissions of around 339,000 kg CO2e, and Scope 3 emissions reaching approximately 350.5 million kg CO2e. This indicates a slight reduction in total emissions from 2022 to 2023. Jubilee Holdings Limited has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The company does not inherit emissions data from a parent organization, ensuring that their reported figures are solely reflective of their own operations.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 95,000 | 00,000 |
| Scope 2 | 339,000 | 000,000 |
| Scope 3 | 350,521,000 | 000,000,000 |
How Carbon Intensive is Jubilee Holdings Limited's Industry?
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Jubilee Holdings Limited's Scope 3 Categories Breakdown
Jubilee Holdings Limited's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 3% since 2022, 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 98% of Scope 3 emissions.
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Jubilee Holdings 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.
Jubilee Holdings 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.
