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 38 is higher than 64% 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 Scope 2 emissions of approximately 456,000 kg CO2e and significant Scope 3 emissions from investments, totalling about 123,757,000 kg CO2e. This data reflects a slight decrease in Scope 2 emissions from 2022, when they were about 459,000 kg CO2e. The company has not disclosed any Scope 1 emissions data. For 2022, the global emissions data indicated Scope 2 emissions of approximately 459,000 kg CO2e and Scope 3 emissions of about 761,328,000 kg CO2e, with investments contributing approximately 94,903,000 kg CO2e. The Scope 2 emissions intensity was reported at 316 kg CO2e per employee in 2022. Singapore Life Limited has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The emissions data is cascaded from its parent company, Singlife Financial Pte. Ltd., which is part of a corporate family relationship with Sumitomo Life Insurance Company, providing additional context to their emissions profile. Overall, Singapore Life Limited is actively monitoring its carbon footprint, particularly in Scope 2 and Scope 3 emissions, while continuing to assess its climate commitments within the industry context.
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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.
