The CIC Insurance Group Plc Sustainability Profile
The CIC Insurance Group Plc, commonly referred to as CIC Insurance, is a prominent player in the insurance industry, headquartered in Kenya (KE). Established in 1968, the company has grown to become a leading provider of a diverse range of insurance products and services, including life, health, and general insurance. CIC Insurance is renowned for its customer-centric approach and innovative solutions tailored to meet the unique needs of individuals and businesses across East Africa. With a strong market presence, the company has achieved significant milestones, including expanding its operations into various regions and enhancing its product offerings. CIC Insurance's commitment to excellence and its strategic focus on sustainability have solidified its position as a trusted insurer, making it a key contributor to the growth of the insurance sector in Kenya and beyond.
DitchCarbon Score
How does The CIC Insurance Group 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
The CIC Insurance Group Plc's score of 17 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The CIC Insurance Group Plc's reported carbon emissions
In 2024, The CIC Insurance Group Plc reported total carbon emissions of approximately 592,640 kg CO2e, comprising 283,790 kg CO2e from Scope 1 emissions and 308,850 kg CO2e from Scope 2 emissions. The Scope 1 emissions included about 209,118 kg CO2e from mobile combustion and 74,670 kg CO2e from stationary combustion. For the previous year, 2023, the Group's emissions were approximately 469,000 kg CO2e, with Scope 1 emissions at about 245,000 kg CO2e and Scope 2 emissions at around 224,000 kg CO2e. This indicates a significant increase in emissions in 2024 compared to 2023. The CIC Insurance Group Plc does not currently disclose any Scope 3 emissions data. Additionally, there are no specific reduction targets or climate pledges outlined in their sustainability reports, indicating a potential area for future commitment. The emissions data is cascaded from the parent organization, The CIC Insurance Group Plc, as part of their corporate family relationship. In the Kenyan context, the Group reported carbon emissions per policy of approximately 2.37 kg CO2e for 2023 and 4.5 kg CO2e for 2024, reflecting their operational impact in the region. Overall, while the Group has made strides in reporting emissions, further commitments and reduction initiatives may enhance their sustainability profile.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 245,000 | 000,000 |
| Scope 2 | 224,000 | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is The CIC Insurance Group Plc's Industry?
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The CIC Insurance Group 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.
The CIC Insurance Group 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.
