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Max Life Insurance
Max Life Insurance Company Limited, headquartered in New Delhi, India, is a prominent player in the life insurance industry. Founded in 2000, the company has established itself as a trusted provider of a wide range of insurance products, including term plans, savings plans, and retirement solutions. With a strong presence across major operational regions in India, Max Life Insurance is known for its customer-centric approach and innovative offerings. The company has achieved significant milestones, including high claim settlement ratios and numerous awards for service excellence. Max Life's unique blend of comprehensive coverage options and flexible policy terms positions it as a leader in the market, catering to the diverse needs of its clients. As a result, it continues to build a reputation for reliability and financial strength in the competitive landscape of life insurance.
DitchCarbon Score
How does Max 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
Max Life Insurance's score of 15 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Max Life Insurance's reported carbon emissions
In 2023, Max Life Insurance reported total emissions of approximately 10,643,980 kg CO2e, comprising 265,640 kg CO2e from Scope 1 and 10,378,340 kg CO2e from Scope 2. The previous year, 2022, saw emissions of about 7,705,140 kg CO2e from Scope 2 and 228,530 kg CO2e from Scope 1, indicating a significant increase in emissions in 2023. In 2021, the company recorded total emissions of approximately 6,202,000 kg CO2e, with 5,968,000 kg CO2e from Scope 2 and 234,000 kg CO2e from Scope 1. Max Life Insurance's emissions data is cascaded from its parent company, Axis Max Life Insurance Limited, and is part of a broader corporate family relationship with Max Financial Services Limited, which provides additional context for their emissions reporting. However, there are currently no specified reduction targets or climate pledges in place, indicating a potential area for future commitment and improvement in their sustainability strategy. Overall, while Max Life Insurance has made strides in emissions reporting, the absence of reduction initiatives highlights the need for a more robust climate action plan to align with industry standards and expectations.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 234,000 | 000,000 | 000,000 |
| Scope 2 | 5,968,000 | 0,000,000 | 00,000,000 |
| 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.
Max Life Insurance is not participating in any of the initiatives that 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.
