Taiwan Life Insurance Co. Ltd. Sustainability Profile
Taiwan Life Insurance Co. Ltd., commonly referred to as Taiwan Life, is a prominent player in the insurance industry, headquartered in Taipei, Taiwan (TW). Established in 1963, the company has grown significantly, offering a diverse range of life insurance products and services tailored to meet the needs of individuals and families across Taiwan and beyond. With a strong focus on innovation, Taiwan Life provides unique offerings such as whole life, term life, and health insurance plans, designed to ensure financial security and peace of mind for its policyholders. The company has achieved notable milestones, including recognition for its customer service excellence and commitment to sustainable practices. As a leading insurer in the region, Taiwan Life continues to strengthen its market position through strategic initiatives and a customer-centric approach.
DitchCarbon Score
How does Taiwan Life Insurance Co. Ltd.'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
Taiwan Life Insurance Co. Ltd.'s score of 48 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Taiwan Life Insurance Co. Ltd.'s reported carbon emissions
In 2023, Taiwan Life Insurance Co. Ltd. reported total carbon emissions of approximately 5,550,000 kg CO2e, comprising 758,000 kg CO2e from Scope 1, 4,744,000 kg CO2e from Scope 2, and 139,000 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2022, where total emissions were about 5,056,000 kg CO2e, with Scope 1 emissions at 315,000 kg CO2e and Scope 2 at 4,741,000 kg CO2e. Taiwan Life has set ambitious climate commitments, aiming for a 63% reduction in both Scope 1 and Scope 2 emissions by 2035, using 2021 as the base year. This translates to an annual reduction target of 4.5%. The company is currently on track to meet its five-year goals for these reductions. The emissions data is cascaded from its parent company, CTBC Financial Holding Co., Ltd., which oversees the climate initiatives and performance metrics for its subsidiaries, including Taiwan Life. The company has disclosed emissions across all three scopes, demonstrating a comprehensive approach to its carbon footprint management. Overall, Taiwan Life Insurance Co. Ltd. is actively working towards reducing its carbon emissions while aligning with industry standards and climate commitments.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,631,990 | 0,000,000 | 0,000,000 | 000,000.0 | 000,000 | 000,000 |
How Carbon Intensive is Taiwan Life Insurance Co. Ltd.'s Industry?
How Carbon Intensive is Taiwan Life Insurance Co. Ltd.'s Location?
Taiwan Life Insurance Co. Ltd.'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.
Taiwan Life Insurance Co. Ltd. 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.
