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 25 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Union Assurance's reported carbon emissions
In 2023, Union Assurance reported total carbon emissions of approximately 966,500 kg CO2e. This figure includes 47,460 kg CO2e from Scope 1 emissions, 836,810 kg CO2e from Scope 2 emissions, and 82,230 kg CO2e from Scope 3 emissions. Notably, the company has shown a reduction in total emissions from 1,062,070 kg CO2e in 2020 to the current figure, indicating a commitment to lowering its carbon footprint. The emissions data for previous years reveals a trend of decreasing emissions: in 2021, total emissions were 767,850 kg CO2e, and in 2020, they were 1,062,070 kg CO2e. This demonstrates a significant effort towards sustainability, although specific reduction targets or initiatives have not been disclosed. Union Assurance's emissions profile includes a substantial portion from Scope 2, which reflects the indirect emissions from purchased electricity, steam, heating, and cooling. The company has not publicly committed to specific science-based targets or climate pledges, but the ongoing reduction in emissions suggests a proactive approach to climate responsibility. Overall, Union Assurance is making strides in managing its carbon emissions, with a focus on reducing its environmental impact as part of its corporate responsibility in Sri Lanka.
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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 committed to any reduction initiatives 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.
