The Company for Cooperative Insurance
The Company for Cooperative Insurance, commonly known as Tawuniya, is a leading provider of insurance and pension funding services based in Saudi Arabia (SA). Established in 1986, Tawuniya has grown to become a prominent player in the insurance sector, offering a comprehensive range of products tailored to meet the diverse needs of individuals and businesses across the region.
With its headquarters in Riyadh, Tawuniya operates extensively throughout Saudi Arabia, delivering innovative solutions in health, motor, property, and liability insurance. The company is renowned for its commitment to customer service and its unique cooperative insurance model, which sets it apart in the competitive landscape.
Tawuniya's notable achievements include being one of the first companies to introduce cooperative insurance in the Kingdom, solidifying its market position as a trusted name in the industry.
-15 vs industry average
The Company for Cooperative Insurance’s score of 24 is lower than 16% 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.
The Company for Cooperative Insurance's reported carbon emissions
The Company for Cooperative Insurance, headquartered in SA and operating in insurance and pension funding services, reported a total of approximately 11.1 million kg CO2e for its 2023 fiscal year. This figure encompasses Scope 1 and Scope 2 emissions, amounting to approximately 1.85 million kg CO2e and 3.79 million kg CO2e respectively. Scope 3 emissions data for 2023 is not available, with a noted data gap for purchased goods and services.
In the preceding year, 2022, the company's total emissions were approximately 11.53 million kg CO2e. This included Scope 1 emissions of approximately 1.54 million kg CO2e, Scope 2 emissions of approximately 4.35 million kg CO2e, and Scope 3 emissions of approximately 5.64 million kg CO2e. The company has disclosed Scope 1, 2, and 3 emissions for this period, also indicating a missing data point for purchased goods and services within Scope 3.
The Company for Cooperative Insurance has not published specific reduction targets or commitments, nor is there information available regarding Science Based Targets initiative (SBTi) aligned goals or participation in the Climate Pledge. However, the company's reporting indicates a commitment to transparency by disclosing emissions data through its annual reports.
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The Company for Cooperative Insurance’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for The Company for Cooperative Insurance yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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The Company for Cooperative Insurance
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