The Great Eastern Life Assurance Company Limited Sustainability Profile
The Great Eastern Life Assurance Company Limited, commonly known as Great Eastern, is a leading life insurance provider headquartered in Singapore (SG). Established in 1908, the company has grown to become a prominent player in the insurance industry, with significant operations across Southeast Asia, including Malaysia and Indonesia. Great Eastern offers a diverse range of products and services, including life insurance, health insurance, and investment-linked plans, distinguished by their customer-centric approach and innovative solutions. The company has achieved notable milestones, such as being the first insurer in Singapore to introduce a digital insurance platform, enhancing accessibility for clients. With a strong market position, Great Eastern is recognised for its commitment to financial security and wellness, consistently receiving accolades for its service excellence and product offerings.
DitchCarbon Score
How does The Great Eastern Life Assurance Company Limited'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
The Great Eastern Life Assurance Company Limited's score of 47 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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The Great Eastern Life Assurance Company Limited, headquartered in Singapore (SG), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Great Eastern Holdings Limited, which may influence its climate-related initiatives and reporting. While there are no documented reduction targets or climate pledges from The Great Eastern Life Assurance Company Limited, it is important to note that emissions data and performance metrics may be inherited from its parent company, Great Eastern Holdings Limited. This cascading of data suggests that any climate commitments or emissions reductions may align with the broader strategies of the parent organisation. As of now, The Great Eastern Life Assurance Company Limited has not publicly disclosed any specific climate commitments or reduction initiatives. The lack of emissions data and defined targets highlights an opportunity for the company to enhance its sustainability efforts and align with industry standards for climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is The Great Eastern Life Assurance Company Limited's Industry?
How Carbon Intensive is The Great Eastern Life Assurance Company Limited's Location?
The Great Eastern Life Assurance Company Limited's Scope 3 Categories Breakdown
The Great Eastern Life Assurance Company Limited's Scope 3 emissions, which decreased by 3% last year and increased by approximately 132% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 3% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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The Great Eastern Life Assurance Company Limited'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 Great Eastern Life Assurance Company Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
