Lic Sustainability Profile
Life Insurance Corporation of India (LIC) is a prominent player in the insurance sector, headquartered in Mumbai, India. Established in 1956, LIC has grown to become one of the largest life insurance companies in the country, with a significant presence across various regions, including urban and rural areas. LIC offers a diverse range of products and services, including life insurance policies, pension plans, and investment options, catering to the financial needs of millions. Its unique blend of traditional and modern insurance solutions sets it apart in a competitive market. With a strong market position, LIC has achieved numerous milestones, including being the first public sector life insurance company in India. Its commitment to customer service and financial security has solidified its reputation as a trusted name in the industry.
DitchCarbon Score
How does Lic'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
Lic's score of 16 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lic's reported carbon emissions
As of the latest available data, Lic has not reported any specific carbon emissions figures, indicating a lack of publicly disclosed emissions data. Consequently, there are no details regarding Scope 1, 2, or 3 emissions or any significant reduction targets or achievements. Lic has not outlined any specific climate commitments or initiatives, nor have they set Science-Based Targets (SBTi) for emissions reduction. The absence of a climate pledge further highlights the need for enhanced transparency and accountability in their environmental impact reporting. While Lic does not inherit emissions data from a parent company, it is essential for the organisation to consider establishing clear climate commitments and reduction targets to align with industry standards and expectations. This would not only improve their sustainability profile but also contribute positively to the broader climate action efforts within the insurance sector.
How Carbon Intensive is Lic's Industry?
How Carbon Intensive is Lic's Location?
Lic'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.
Lic 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.
