MSIG Insurance
MSIG Insurance (Malaysia) Bhd, a prominent player in the insurance industry, is headquartered in Kuala Lumpur, Malaysia. Established in 2000, the company has built a strong reputation across Southeast Asia, particularly in Malaysia, where it offers a comprehensive range of insurance solutions. Specialising in general insurance, MSIG provides unique products such as motor, property, and travel insurance, tailored to meet the diverse needs of its customers. The company is recognised for its commitment to innovation and customer service, positioning itself as a trusted partner in risk management. With a focus on sustainability and community engagement, MSIG Insurance has achieved notable milestones, including various industry awards that underscore its market leadership and dedication to excellence in the insurance sector.
DitchCarbon Score
How does MSIG 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
MSIG Insurance's score of 23 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MSIG Insurance's reported carbon emissions
In 2023, MSIG Insurance reported total carbon emissions of approximately 1,850,982 kg CO2e. This figure includes 150,293 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 1,819,297 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions accounted for 53,392 kg CO2e, primarily from purchased goods and services, which contributed 1,935,311 kg CO2e. Despite the significant emissions reported, MSIG Insurance has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or science-based targets indicates a potential area for improvement in their sustainability strategy. As a leading insurance provider headquartered in Malaysia, MSIG Insurance's commitment to addressing climate change remains crucial in the context of the global push for reduced greenhouse gas emissions.
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| 2023 | |
|---|---|
| Scope 1 | 150,293 |
| Scope 2 | 1,819,297 |
| Scope 3 | 53,392 |
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.
MSIG 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.
