Singapore Life Limited
Singapore Life Limited, commonly known as Singlife, is a prominent player in the insurance and financial services industry, headquartered in Singapore (SG). Founded in 2014, the company has rapidly established itself as a leader in digital insurance solutions, focusing on life insurance, health coverage, and investment-linked products. Singlife's innovative approach combines technology with traditional insurance offerings, making it unique in the market. The company has achieved significant milestones, including the launch of its digital platform, which enhances customer experience and accessibility. With a strong commitment to customer-centric services, Singlife has garnered recognition for its market position, consistently striving to redefine the insurance landscape in Singapore and beyond.
DitchCarbon Score
How does Singapore Life Limited'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
Singapore Life Limited's score of 34 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Singapore Life Limited's reported carbon emissions
In 2023, Singapore Life Limited reported significant carbon emissions, with Scope 2 emissions totalling approximately 456,000 kg CO2e and Scope 3 emissions from investments reaching about 123,757,000 kg CO2e. This reflects a slight decrease in Scope 2 emissions from 2022, where they were approximately 459,000 kg CO2e. However, Scope 3 emissions saw a substantial reduction from about 761,328,000 kg CO2e in 2022, indicating a positive trend in managing their investment-related carbon footprint. The company has disclosed emissions data for Scope 2 and Scope 3 but does not currently report on Scope 1 emissions. The Scope 2 emissions intensity was reported at 301 kg CO2e per employee in 2023, down from 316 kg CO2e per employee in 2022. Additionally, the weighted average carbon intensity for listed equities was approximately 0.07 kg CO2e per million SGD in revenue for 2023, compared to 0.068 kg CO2e per million SGD in 2022. Despite these figures, Singapore Life Limited has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The company’s ongoing efforts to monitor and report emissions reflect a growing awareness of climate impact within the financial services sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 459,000 | 000,000 |
| Scope 3 | 761,328,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Singapore Life Limited is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
