Taiwan Life Insurance Co. Ltd., a prominent player in the insurance and pension funding services sector, is headquartered in Taipei, Taiwan (TW). Established in 1963, the company has built a strong reputation for providing a diverse range of insurance products, including life, health, and annuity plans, tailored to meet the needs of individuals and businesses alike.
With a commitment to innovation and customer service, Taiwan Life has achieved significant milestones, positioning itself as a leader in the Taiwanese insurance market. Its unique offerings, such as flexible policy options and comprehensive coverage, set it apart from competitors. The company continues to expand its operational reach across Taiwan, ensuring that it remains a trusted partner in securing financial futures for its clients.
+8 vs industry average
Taiwan Life Insurance Co. Ltd.’s score of 45 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Taiwan Life Insurance Co. Ltd.'s reported carbon emissions
Taiwan Life Insurance Co. Ltd., headquartered in TW and operating within the insurance and pension funding services sector, is committed to reducing its environmental impact. For the financial year 2023, the company reported total greenhouse gas emissions of approximately 5.5 million kg CO2e, encompassing Scope 1 and Scope 2 emissions. Scope 1 emissions for the same year amounted to approximately 758,000 kg CO2e, while Scope 2 emissions were approximately 4.7 million kg CO2e. Scope 3 emissions were reported at approximately 139,000 kg CO2e in 2023. Looking at prior years, Taiwan Life Insurance Co. Ltd. reported total Scope 1 and 2 emissions of approximately 5.1 million kg CO2e in 2022, with Scope 1 at approximately 315,000 kg CO2e and Scope 2 at approximately 4.7 million kg CO2e. Scope 3 emissions in 2022 were approximately 143,000 kg CO2e. In 2021, the company's total Scope 1 and 2 emissions were approximately 4.5 million kg CO2e, with Scope 1 at approximately 106,000 kg CO2e and Scope 2 at approximately 4.4 million kg CO2e. Scope 3 emissions in 2021 were approximately 107,185.3 kg CO2e. Taiwan Life Insurance Co. Ltd. has set ambitious reduction targets. Taking 2021 as the base year, the company aims for a 63% reduction in annual emissions by 2035, with an interim goal of a 4.5% annual reduction. These targets apply to both Scope 1 and Scope 2 emissions. The company's emissions data is inherited from its corporate family, specifically from CTBC Financial Holding Co., Ltd.
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Taiwan Life Insurance Co. Ltd.’s Climate Goals (2030 & 2050)
2 goals2035
63% reduction in Scope 2
Taking 2021 as the base year, Taiwan Life will reduce annual emissions by 4.5% and is expected to achieve a 63% reduction goal by 2035.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from CTBC Financial Holding Co., Ltd.
Carbon Disclosure Project
Inherited from CTBC Financial Holding Co., Ltd.
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Taiwan Life Insurance Co. Ltd.
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