Military Insurance Corporation, commonly referred to as MIC, is a leading provider of insurance solutions based in Vietnam. Established in 2003, the company has made significant strides in the insurance industry, focusing on military personnel and their families, as well as civilians. With its headquarters in Hanoi, MIC operates extensively across major regions in Vietnam, offering a range of products tailored to meet the unique needs of its clients. The corporation's core offerings include life insurance, health insurance, and property insurance, distinguished by their comprehensive coverage and customer-centric approach. MIC has garnered a strong market position, recognised for its commitment to service excellence and innovative insurance solutions. As a trusted name in the industry, Military Insurance Corporation continues to uphold its mission of providing reliable protection and peace of mind to its policyholders.
How does Military Insurance Corporation'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.
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.
Military Insurance Corporation's score of 26 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Military Insurance Corporation, headquartered in VN, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary, it inherits emissions data from its parent organization, Military Commercial Joint Stock Bank, at a cascade level of 1. However, no specific emissions figures or reduction targets have been disclosed. The corporation has not outlined any formal climate commitments or reduction initiatives, such as Science-Based Targets (SBTi) or other industry-standard pledges. This lack of publicly available data suggests that Military Insurance Corporation may still be in the early stages of developing its climate strategy. In the context of the insurance industry, there is an increasing emphasis on sustainability and carbon reduction. Companies are encouraged to adopt transparent reporting practices and set ambitious targets to mitigate their environmental impact. As Military Insurance Corporation moves forward, it may benefit from aligning with these industry trends to enhance its climate commitments and reporting.
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.
Military Insurance Corporation 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.