The Oriental Insurance Company Limited Sustainability Profile
The Oriental Insurance Company Limited, commonly referred to as Oriental Insurance, is a prominent player in the Indian insurance sector, headquartered in New Delhi, India. Established in 1947, the company has built a strong reputation for providing a diverse range of insurance products, including health, motor, and property insurance, catering to both individual and corporate clients. With a significant presence across various regions in India, Oriental Insurance has achieved notable milestones, including the introduction of innovative insurance solutions tailored to meet the evolving needs of its customers. The company is recognised for its commitment to customer service and has garnered a substantial market position, making it one of the leading general insurance providers in the country. Its unique offerings and robust financial stability continue to set it apart in the competitive insurance landscape.
DitchCarbon Score
How does The Oriental Insurance 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 Oriental Insurance Company Limited's score of 14 is lower than 90% 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 Oriental Insurance Company Limited's reported carbon emissions
In 2016, The Oriental Insurance Company Limited reported total carbon emissions of approximately 62,389,000 kg CO2e, encompassing Scope 1 and 2 emissions. This figure reflects a decrease from 71,154,000 kg CO2e in 2015 and a significant reduction from 96,890,000 kg CO2e in 2014. The company has not disclosed any Scope 3 emissions data, nor has it set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). Despite the absence of formal climate commitments or reduction targets, the company’s emissions data indicates a positive trend in reducing its carbon footprint over the years. The emissions data is not cascaded from any parent organization, indicating that The Oriental Insurance Company Limited is independently reporting its performance. Overall, while specific climate commitments are not outlined, the company demonstrates a commitment to reducing its emissions through historical data trends.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - |
| Scope 2 | - | - | - | - | - | - |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is The Oriental Insurance Company Limited's Industry?
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The Oriental Insurance 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 Oriental Insurance Company Limited 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.
