Pragati Life Insurance PLC Sustainability Profile
Pragati Life Insurance PLC, headquartered in Dhaka, Bangladesh, is a prominent player in the life insurance industry, offering a diverse range of financial protection and investment solutions. Established in 1996, the company has achieved significant milestones, including a robust presence across major operational regions in Bangladesh. Specialising in life insurance products, Pragati Life is known for its unique offerings, such as endowment plans, term insurance, and health insurance, designed to meet the evolving needs of its clients. With a commitment to customer satisfaction and financial security, Pragati Life Insurance has positioned itself as a trusted name in the market, recognised for its innovative approach and strong financial performance.
DitchCarbon Score
How does Pragati Life Insurance PLC'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
Pragati Life Insurance PLC's score of 27 is lower 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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Pragati Life Insurance PLC's reported carbon emissions
Pragati Life Insurance PLC, headquartered in Bangladesh, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is committed to addressing climate change through its participation in the Science Based Targets initiative (SBTi). Pragati Life Insurance has made a near-term commitment to reduce its carbon footprint, although specific reduction targets have not been disclosed. As of August 2024, the company is actively engaged in climate initiatives, reflecting its recognition of the importance of sustainability within the financial sector. While it has not set a net-zero target, Pragati Life Insurance is taking steps to align its operations with climate commitments, demonstrating a proactive approach to environmental responsibility. The absence of emissions data suggests that Pragati Life Insurance may still be in the early stages of formalising its climate strategy. Nonetheless, its commitment to the SBTi indicates a willingness to engage with industry standards and contribute to global efforts in reducing greenhouse gas emissions.
How Carbon Intensive is Pragati Life Insurance PLC's Industry?
How Carbon Intensive is Pragati Life Insurance PLC's Location?
Pragati Life Insurance PLC'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.
Pragati Life Insurance PLC 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.
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