MLC Life Insurance Sustainability Profile
MLC Life Insurance, a prominent player in the Australian insurance sector, is headquartered in Melbourne, Australia. Established in 1891, the company has evolved significantly, marking key milestones in its commitment to providing comprehensive life insurance solutions. MLC Life Insurance operates primarily in the life insurance industry, offering a range of products including income protection, trauma cover, and total and permanent disability insurance. What sets MLC Life Insurance apart is its focus on customer-centric services and innovative solutions tailored to meet diverse needs. With a strong market position, the company has garnered recognition for its financial strength and reliability, making it a trusted choice for individuals and families seeking peace of mind. MLC Life Insurance continues to uphold its legacy of excellence while adapting to the ever-changing landscape of the insurance market.
DitchCarbon Score
How does MLC 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
MLC Life Insurance's score of 41 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MLC Life Insurance, headquartered in Australia, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of MLC Limited and inherits emissions data and climate commitments from its parent company, Nippon Life Insurance Company. As of now, MLC Life Insurance has not publicly disclosed any specific reduction targets or initiatives related to carbon emissions. However, it is important to note that the company is part of a broader corporate family that may have established climate commitments and initiatives. The absence of detailed emissions data and reduction targets suggests that MLC Life Insurance is still in the process of developing its climate strategy. The company may benefit from aligning with the sustainability efforts of its parent organization, Nippon Life Insurance Company, which is involved in various climate-related initiatives, including participation in the CDP and RE100. In summary, while MLC Life Insurance does not currently report specific emissions figures or reduction targets, it is positioned within a corporate structure that may influence its future climate commitments and performance.
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| 2013 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 46,014,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 106,123,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 101,092,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is MLC Life Insurance's Industry?
How Carbon Intensive is MLC Life Insurance's Location?
MLC Life Insurance's Scope 3 Categories Breakdown
MLC Life Insurance's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 18% since 2013, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 18% of Scope 3 emissions.
Top Scope 3 Categories
MLC Life Insurance'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.
MLC Life Insurance has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
St Andrew's Insurance (Australia) Pty Ltd.
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