Kotak Mahindra Life Insurance Company Limited
Kotak Mahindra Life Insurance Company Limited, a prominent player in the Indian insurance sector, is headquartered in Mumbai, India. Established in 2001, the company has rapidly evolved, offering a diverse range of life insurance products tailored to meet the needs of its customers. With a strong presence across major operational regions in India, Kotak Life Insurance is known for its innovative solutions, including term plans, endowment policies, and unit-linked insurance plans (ULIPs). The company has achieved significant milestones, including a robust market position as one of the leading private life insurers in India. Its commitment to customer-centric services and unique product offerings, such as flexible premium payment options and comprehensive coverage, sets it apart in the competitive landscape. Kotak Mahindra Life Insurance continues to build trust and reliability, making it a preferred choice for individuals seeking financial security and peace of mind.
DitchCarbon Score
How does Kotak Mahindra Life Insurance Company 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
Kotak Mahindra Life Insurance Company Limited's score of 39 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kotak Mahindra Life Insurance Company Limited's reported carbon emissions
In 2023, Kotak Mahindra Life Insurance Company Limited reported total carbon emissions of approximately 11890000 kg CO2e from Scope 1, 69466000 kg CO2e from Scope 2, and 73842900 kg CO2e from Scope 3. This represents a significant increase in emissions compared to 2022, where the company recorded 7308000 kg CO2e in Scope 1, 63405000 kg CO2e in Scope 2, and 51570120 kg CO2e in Scope 3. The company's emissions intensity for Scope 1 and Scope 2, adjusted for Purchasing Power Parity (PPP), was reported at 0.00398 per unit of revenue in 2023, with an employee-based intensity of 1110.0. In 2024, emissions are projected to be approximately 8403900 kg CO2e for Scope 1, 85788900 kg CO2e for Scope 2, and 47005300 kg CO2e for Scope 3, indicating ongoing challenges in managing carbon output. Despite these figures, Kotak Mahindra has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of formal climate pledges or SBTi (Science Based Targets initiative) commitments suggests that the company may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 7,308,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 63,405,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 51,570,120 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kotak Mahindra Life Insurance Company Limited is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
