KGI Life Insurance Sustainability Profile
KGI Life Insurance Co., Ltd., commonly referred to as KGI Life, is a prominent player in the life insurance industry, headquartered in Taipei, Taiwan. Established in 2005, the company has rapidly expanded its operations across major regions in Taiwan, offering a diverse range of insurance products tailored to meet the needs of individuals and families. KGI Life is renowned for its innovative life insurance solutions, including whole life, term life, and investment-linked policies, which are designed to provide financial security and peace of mind. The company’s commitment to customer-centric service and its robust financial stability have positioned it as a trusted choice among Taiwanese consumers. With a focus on leveraging technology to enhance customer experience, KGI Life continues to achieve significant milestones, solidifying its reputation as a leader in the life insurance sector.
DitchCarbon Score
How does KGI Life 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
KGI Life Insurance's score of 46 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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KGI Life Insurance's reported carbon emissions
In 2023, KGI Life Insurance Co., Ltd., headquartered in Taiwan (TW), reported total carbon emissions of approximately 7,289,060 kg CO2e. This figure includes 4,109,842 kg CO2e from Scope 2 emissions and 837,145 kg CO2e from Scope 3 emissions, which encompasses significant investments amounting to about 3,210,000,000 USD and downstream leased assets contributing approximately 37,900,000 kg CO2e. Comparatively, in 2022, the company’s total emissions were about 8,549,851 kg CO2e, with Scope 2 emissions at 6,327,481 kg CO2e and Scope 3 emissions reaching 1,656,947 kg CO2e. This indicates a reduction in total emissions of approximately 1,260,791 kg CO2e from 2022 to 2023. KGI Life Insurance does not currently have specific reduction targets or climate pledges disclosed, and emissions data is cascaded from its parent company, KGI Financial Holding Co., Ltd. This relationship may influence its overall climate strategy and commitments. The company has not reported any Scope 1 emissions data, focusing instead on its Scope 2 and Scope 3 emissions. Overall, KGI Life Insurance is actively monitoring its carbon footprint and is part of a broader corporate family that may have its own climate initiatives and targets.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 6,327,481 | 0,000,000 |
| Scope 3 | 1,656,947 | 000,000 |
How Carbon Intensive is KGI Life Insurance's Industry?
How Carbon Intensive is KGI Life Insurance's Location?
KGI Life Insurance's Scope 3 Categories Breakdown
KGI Life Insurance's Scope 3 emissions, which decreased by 49% last year and decreased by approximately 49% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Investments" being the largest emissions source at 383446% of Scope 3 emissions.
Top Scope 3 Categories
KGI Life 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.
KGI Life 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.
