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 24 is lower than 63% 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 total Scope 2 emissions of approximately 456,000 kg CO2e in Singapore. This figure reflects their commitment to monitoring and managing their carbon footprint, particularly in relation to energy consumption. The company has also disclosed a Scope 2 emissions intensity of about 301 kg CO2e per employee. Looking back at 2022, Singapore Life Limited's total emissions were approximately 3,989,000 kg CO2e, with Scope 2 emissions accounting for about 459,000 kg CO2e and Scope 3 emissions significantly higher at approximately 761,328,000 kg CO2e. This indicates a substantial reliance on upstream activities contributing to their overall emissions profile. Despite the absence of specific reduction targets or initiatives, Singapore Life Limited's emissions data is cascaded from its parent company, Singlife Financial Pte. Ltd., which is part of a broader corporate family that includes Sumitomo Life Insurance Company. This relationship may influence their sustainability strategies and reporting practices. Overall, Singapore Life Limited is actively engaged in understanding its carbon emissions, particularly through Scope 2 reporting, and is positioned within a corporate structure that prioritises sustainability, although specific reduction commitments have not been outlined.
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.
