SABB Takaful Company Sustainability Profile
SABB Takaful Company, a prominent player in the Islamic insurance sector, is headquartered in Saudi Arabia. Established in 2007, the company has rapidly evolved to become a leader in providing Sharia-compliant financial protection solutions across the region. SABB Takaful operates primarily in the Middle East, offering a range of products including family Takaful, health insurance, and investment-linked plans. What sets SABB Takaful apart is its commitment to ethical practices and customer-centric services, ensuring that all offerings align with Islamic principles. The company has achieved significant milestones, including strategic partnerships and innovative product launches, solidifying its market position. With a focus on sustainability and community welfare, SABB Takaful continues to enhance its reputation as a trusted provider of Takaful solutions in the competitive insurance landscape.
DitchCarbon Score
How does SABB Takaful Company'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 Coal Tar Production 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
SABB Takaful Company's score of 17 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
SABB Takaful Company's reported carbon emissions
SABB Takaful Company, headquartered in Saudi Arabia, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Walaa Cooperative Insurance Company, which may influence its climate-related initiatives and reporting. As of now, SABB Takaful Company has not established any documented reduction targets or climate pledges. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the context of the insurance industry, it is essential for SABB Takaful to align with broader climate commitments and industry standards, particularly as stakeholders increasingly demand transparency and action on climate change. The company may benefit from adopting science-based targets and engaging in initiatives such as the Carbon Disclosure Project (CDP) to enhance its sustainability profile. In summary, while SABB Takaful Company currently lacks specific emissions data and reduction commitments, its affiliation with Walaa Cooperative Insurance Company may provide a pathway for future climate action and reporting.
How Carbon Intensive is SABB Takaful Company's Industry?
How Carbon Intensive is SABB Takaful Company's Location?
SABB Takaful Company'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.
SABB Takaful Company 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.
