Nan Shan Life Sustainability Profile
Nan Shan Life Insurance Co., Ltd., commonly referred to as Nan Shan Life, is a prominent player in the insurance industry, headquartered in Taipei, Taiwan (TW). Established in 1963, the company has grown to become one of the leading life insurance providers in the region, with a strong presence across various operational areas in Asia. Specialising in life insurance, health insurance, and annuity products, Nan Shan Life distinguishes itself through innovative offerings and customer-centric services. The company has achieved significant milestones, including a robust market position and recognition for its financial stability and comprehensive product range. With a commitment to excellence, Nan Shan Life continues to set benchmarks in the insurance sector, ensuring peace of mind for its clients through tailored solutions and exceptional service.
DitchCarbon Score
How does Nan Shan Life'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 Financial Intermediation 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
Nan Shan Life's score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nan Shan Life's reported carbon emissions
In 2023, Nan Shan Life Insurance Company, Ltd. reported total carbon emissions of approximately 219,653 kg CO2e for Scope 1, 18,740,407 kg CO2e for Scope 2, and a significant 165,196,000 kg CO2e for Scope 3, primarily from business travel. The combined total for Scope 1 and Scope 2 emissions reached about 20,936,937 kg CO2e. This data reflects a commitment to transparency in emissions reporting, with all scopes disclosed. Comparatively, in 2022, the company recorded Scope 1 emissions of about 1,766,859 kg CO2e, Scope 2 emissions of 18,757,860 kg CO2e, and Scope 3 emissions of approximately 63,382,000 kg CO2e, indicating a notable increase in Scope 3 emissions year-on-year. Nan Shan Life has set ambitious climate commitments, including a net-zero target that encompasses all scopes of emissions. Their portfolio targets cover 49% of total investment and lending by total balance sheet assets as of 2022, with required activities making up 49%, optional activities at 13%, and out-of-scope activities at 38%. The company is aligned with the Science Based Targets initiative (SBTi) and aims to meet targets consistent with limiting global warming to 1.5°C. Overall, Nan Shan Life's emissions data and climate commitments reflect a proactive approach to sustainability, with ongoing efforts to reduce their carbon footprint and enhance their environmental responsibility.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 895,350 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,227,010 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Nan Shan Life's Industry?
How Carbon Intensive is Nan Shan Life's Location?
Nan Shan Life's Scope 3 Categories Breakdown
Nan Shan Life's Scope 3 emissions, which increased by 161% last year and increased significantly since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Nan Shan Life'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.
Nan Shan Life 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.
