Taiwan Life Insurance Co. Ltd.
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 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 33 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Taiwan Life Insurance Co. Ltd.'s reported carbon emissions
In 2023, Taiwan Life Insurance Co. Ltd. reported total carbon emissions of approximately 5,502,000 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 marks a notable increase in emissions compared to previous years, with 2022 emissions recorded at about 5,056,000 kg CO2e. The company has shown a trend of fluctuating emissions over the years. In 2021, total emissions were approximately 4,482,000 kg CO2e, while in 2020, they were about 4,988,000 kg CO2e. The breakdown of emissions in 2021 included 106,000 kg CO2e from Scope 1, 4,376,000 kg CO2e from Scope 2, and 107,185.3 kg CO2e from Scope 3. Despite these figures, Taiwan Life Insurance Co. Ltd. has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction initiatives suggests a need for enhanced climate action strategies within the company to address its carbon footprint effectively. Overall, while Taiwan Life Insurance Co. Ltd. has made strides in reporting its emissions, the lack of clear reduction targets highlights an opportunity for improvement in its climate commitments.
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Add to project| 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 |
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.
Taiwan Life Insurance Co. Ltd. is not committed to any reduction initiatives 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.
