Softlogic Life Insurance PLC Sustainability Profile
Softlogic Life Insurance PLC, headquartered in Sri Lanka, is a prominent player in the life insurance industry, offering a diverse range of financial protection and investment solutions. Established in 2013, the company has rapidly grown its presence across major operational regions in Sri Lanka, providing innovative products tailored to meet the needs of its clients. The core offerings of Softlogic Life include life insurance, health insurance, and investment-linked policies, distinguished by their customer-centric approach and comprehensive coverage options. With a commitment to excellence, Softlogic Life has achieved significant milestones, positioning itself as a trusted name in the market. The company’s dedication to quality service and financial security has earned it numerous accolades, solidifying its reputation as a leader in the Sri Lankan insurance sector.
DitchCarbon Score
How does Softlogic Life Insurance PLC'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
Softlogic Life Insurance PLC's score of 11 is lower than 91% 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
Softlogic Life Insurance PLC's reported carbon emissions
In 2024, Softlogic Life Insurance PLC reported total carbon emissions of approximately 4,000,330 kg CO2e in Sri Lanka. This figure includes Scope 1 emissions of about 181,070 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 945,520 kg CO2e, all from purchased electricity. The company also disclosed significant Scope 3 emissions, totalling around 3,542,740 kg CO2e, which encompass various categories such as investments (1,526,140 kg CO2e), employee commute (1,380,600 kg CO2e), and purchased goods and services (502,560 kg CO2e). In comparison, the previous year, 2023, Softlogic Life reported Scope 1 emissions of about 193,150 kg CO2e, Scope 2 emissions of approximately 834,620 kg CO2e, and Scope 3 emissions of around 976,560 kg CO2e. This indicates a notable increase in emissions across all scopes in 2024. Softlogic Life Insurance PLC does not currently have specific reduction targets or climate pledges in place, as indicated by the absence of SBTi reduction targets or documented climate initiatives. The emissions data is cascaded from its parent company, Softlogic Holdings PLC, reflecting the broader corporate family's environmental impact. Overall, while Softlogic Life Insurance PLC has made strides in transparency regarding its carbon footprint, the lack of defined reduction strategies highlights an area for potential improvement in its climate commitments.
How Carbon Intensive is Softlogic Life Insurance PLC's Industry?
How Carbon Intensive is Softlogic Life Insurance PLC's Location?
Softlogic Life Insurance PLC'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.
Softlogic Life Insurance PLC 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.
