Standard Insurance Limited Sustainability Profile
Standard Insurance Limited, a prominent player in the insurance sector, is headquartered in Bangladesh (BD) and has established a strong presence across various operational regions. Founded in 1996, the company has achieved significant milestones, positioning itself as a trusted provider of comprehensive insurance solutions. Specialising in life and non-life insurance products, Standard Insurance Limited offers a diverse range of services, including health, motor, and property insurance. What sets them apart is their commitment to customer-centric solutions and innovative policy designs tailored to meet the evolving needs of clients. With a reputation for reliability and excellence, Standard Insurance Limited has garnered numerous accolades, solidifying its market position as a leading insurance provider in Bangladesh. Their focus on quality service and financial stability continues to drive their growth in the competitive insurance landscape.
DitchCarbon Score
How does Standard Insurance 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 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
Standard Insurance Limited's score of 35 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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Standard Insurance Limited, headquartered in Bangladesh (BD), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Standard Bank Group Limited, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Standard Insurance Limited, it is important to note that emissions data and climate initiatives may be inherited from its parent company, Standard Bank Group Limited. This relationship suggests that any climate commitments or performance metrics could be aligned with the broader sustainability goals of the group. As a subsidiary, Standard Insurance Limited may benefit from the climate strategies and initiatives implemented by its parent company, which could include participation in frameworks such as the Carbon Disclosure Project (CDP). However, specific details regarding these initiatives or any cascading targets from Liberty Holdings Limited, the second-level parent, are not provided. In summary, while Standard Insurance Limited currently lacks specific emissions data and reduction targets, its affiliation with larger corporate entities may play a role in shaping its future climate commitments and sustainability practices.
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Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,102,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 40,314,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Standard Insurance Limited's Industry?
How Carbon Intensive is Standard Insurance Limited's Location?
Standard Insurance Limited's Scope 3 Categories Breakdown
Standard Insurance Limited's Scope 3 emissions, which decreased by 12% last year and decreased by approximately 55% since 2016, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 57% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 5% of Scope 3 emissions.
Top Scope 3 Categories
Standard Insurance Limited'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.
Standard Insurance Limited 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.
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