Ntuc Income Holdings Pte Ltd. Sustainability Profile
Ntuc Income Holdings Pte Ltd, commonly known as Income, is a prominent insurance and financial services provider headquartered in Singapore (SG). Established in 1970, the company has evolved significantly, marking key milestones in the industry, including the introduction of innovative insurance products tailored to meet diverse customer needs. Operating primarily in Singapore, Income focuses on life insurance, general insurance, and investment-linked products. Its unique offerings, such as the IncomeShield health insurance plan, set it apart in a competitive market. With a strong commitment to customer-centric solutions, Income has garnered a reputation for reliability and trustworthiness. As a leading player in the insurance sector, Ntuc Income has achieved notable recognition, including awards for its digital transformation initiatives and customer service excellence. The company continues to play a vital role in enhancing financial security for individuals and families across Singapore.
DitchCarbon Score
How does Ntuc Income Holdings Pte Ltd.'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
Ntuc Income Holdings Pte Ltd.'s score of 38 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ntuc Income Holdings Pte Ltd., headquartered in Singapore (SG), currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Income Insurance Limited, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or climate pledges from Ntuc Income Holdings Pte Ltd., it is important to note that emissions data and performance metrics may be inherited from its parent company, Income Insurance Limited. This cascading of data suggests that any climate initiatives or commitments may align with those of Income Insurance Limited, although specific details are not provided. As a current subsidiary, Ntuc Income Holdings Pte Ltd. may benefit from the broader sustainability strategies and frameworks established by its parent organisation. However, without explicit emissions data or reduction targets, the company's individual climate commitments remain unclear.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 391,000 | 000,000 | - | - | - | - |
| Scope 2 | 7,177,000 | 0,000,000 | - | - | - | - |
| Scope 3 | 6,027,000 | 0,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Ntuc Income Holdings Pte Ltd.'s Industry?
How Carbon Intensive is Ntuc Income Holdings Pte Ltd.'s Location?
Ntuc Income Holdings Pte Ltd.'s Scope 3 Categories Breakdown
Ntuc Income Holdings Pte Ltd.'s Scope 3 emissions, which decreased by 10% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Ntuc Income Holdings Pte Ltd.'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.
Ntuc Income Holdings Pte Ltd. 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.
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