Shin Kong Life Sustainability Profile
Shin Kong Life Insurance Co., Ltd., commonly referred to as Shin Kong Life, is a prominent player in the Taiwanese insurance industry, headquartered in Taipei, Taiwan (TW). Established in 1963, the company has grown significantly, offering a diverse range of financial products and services, including life insurance, health insurance, and investment-linked policies. Shin Kong Life is recognised for its innovative approach to insurance solutions, catering to the evolving needs of its clients. With a strong market presence, the company has achieved notable milestones, including a robust customer base and a reputation for reliability. Its commitment to customer service and product excellence positions Shin Kong Life as a leader in the competitive insurance landscape of Taiwan and beyond.
DitchCarbon Score
How does Shin Kong 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 Services Auxiliary to 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
Shin Kong Life's score of 47 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shin Kong Life's reported carbon emissions
In 2023, Shin Kong Life reported total carbon emissions of approximately 16,737,210 kg CO2e, with Scope 1 emissions at about 1,463,210 kg CO2e and Scope 2 emissions at approximately 12,484,700 kg CO2e. This represents a decrease from 2022, where total emissions were about 18,005,670 kg CO2e, with Scope 1 at approximately 1,553,660 kg CO2e and Scope 2 at around 13,768,620 kg CO2e. Shin Kong Life has set ambitious targets to reduce its carbon emissions by 20% by 2027, compared to a baseline year of 2022. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to addressing its carbon footprint. The company is currently on track to meet its near-term reduction goals for Scope 1 emissions, while progress for Scope 2 is still being evaluated. The emissions data is cascaded from its parent company, Taishin Financial Holding Co., Ltd., indicating a corporate family commitment to sustainability. Shin Kong Life's initiatives align with industry standards, demonstrating a proactive approach to climate action and carbon management.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,123,290 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 13,071,610 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Shin Kong Life's Industry?
How Carbon Intensive is Shin Kong Life's Location?
Shin Kong 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.
Shin Kong Life 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.
