Union Assurance
Union Assurance, a prominent player in the insurance industry, is headquartered in Sri Lanka (LK) and has established a strong presence across the region. Founded in 1987, the company has achieved significant milestones, positioning itself as a trusted provider of life and general insurance solutions. Specialising in a diverse range of products, Union Assurance offers unique services such as life insurance, health coverage, and investment plans tailored to meet the needs of its clients. The company is recognised for its commitment to customer satisfaction and innovative insurance solutions, which have earned it a reputable market position. With a focus on sustainability and community engagement, Union Assurance continues to make strides in the insurance sector, reflecting its dedication to enhancing the financial security of individuals and businesses alike.
DitchCarbon Score
How does Union Assurance'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
Union Assurance's score of 31 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Union Assurance's reported carbon emissions
In 2023, Union Assurance reported total carbon emissions of approximately 966,500 kg CO2e. This figure includes Scope 1 emissions of about 47,460 kg CO2e, primarily from mobile combustion (approximately 44,950 kg CO2e) and stationary combustion (about 2,510 kg CO2e). Scope 2 emissions, which are attributed to purchased electricity, accounted for approximately 836,810 kg CO2e. Additionally, Scope 3 emissions totalled around 82,230 kg CO2e, with employee commute contributing about 1,300 kg CO2e and waste generated in operations at 150 kg CO2e. Comparatively, in 2021, Union Assurance's total emissions were approximately 767,850 kg CO2e, with Scope 1 emissions at about 41,350 kg CO2e, Scope 2 emissions at approximately 577,670 kg CO2e, and Scope 3 emissions reaching around 148,830 kg CO2e. This indicates a significant increase in total emissions from 2021 to 2023. Union Assurance has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they continue to monitor and report their emissions across all three scopes, demonstrating a commitment to transparency in their environmental impact.
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| 2018 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 93,170 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 885,480 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 447,640 | 000,000 | 000,000 | 00,000 |
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.
Union Assurance is not participating in any of the initiatives that 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.
