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Insurance Services
VN
updated 20 days ago

Military Insurance Corporation

Company website

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.

DitchCarbon Score

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.

26

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.

32

Industry Benchmark

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.

45%

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Military Insurance Corporation's reported carbon emissions

Inherited from Military Commercial Joint Stock Bank

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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20212022
Scope 1
3,295,420
0,000,000
Scope 2
12,649,970
0,000,000
Scope 3
8,275,140
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Military Insurance Corporation's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Military Insurance Corporation is in VN, which we do not have grid emissions data for.

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.

Military Insurance Corporation 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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