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 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 66% 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. Comparatively, in 2021, the company had total emissions of about 767,850 kg CO2e, indicating a slight increase in emissions over the two-year period. The breakdown for 2021 shows 41,350 kg CO2e from Scope 1, 577,670 kg CO2e from Scope 2, and 148,830 kg CO2e from Scope 3. Union Assurance has not publicly committed to specific reduction targets or initiatives, nor have they outlined any climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the insurance industry context. Overall, while Union Assurance has made strides in tracking emissions, the lack of significant reduction initiatives highlights an opportunity for enhanced climate commitments moving forward.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
