Lic
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 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 19 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lic's reported carbon emissions
In 2023, Lic reported total carbon emissions of approximately 4,806,000 kg CO2e, comprising about 295,000 kg CO2e from Scope 1 emissions and about 4,506,000 kg CO2e from Scope 2 emissions. The following year, 2024, saw a slight increase in emissions, with Scope 1 rising to about 313,740 kg CO2e and Scope 2 decreasing to approximately 3,616,160 kg CO2e, resulting in total emissions of around 3,929,900 kg CO2e. Currently, Lic has not established specific reduction targets or initiatives, nor have they made any climate pledges. This lack of defined commitments may reflect a broader industry context where many organisations are still developing their climate strategies. As the global focus on sustainability intensifies, it is crucial for Lic to consider setting measurable targets to align with industry standards and contribute to climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 295,000 | 000,000 |
| Scope 2 | 4,506,000 | 0,000,000 |
| Scope 3 | - | - |
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.
Lic 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.
