Union Assurance

Union Assurance, an insurance and pension funding services company based in Sri Lanka (LK), has disclosed its carbon emissions for several years, offering insights into its environmental performance.

For the 2023 financial year, Union Assurance reported a total of 966,500 kg CO2e. This figure was comprised of Scope 1 emissions totalling approximately 47,460 kg CO2e, primarily from mobile and stationary combustion. Scope 2 emissions, predominantly from purchased electricity, amounted to roughly 836,810 kg CO2e. Scope 3 emissions were reported at approximately 82,230 kg CO2e, with employee commute and waste generated in operations being key contributors.

In 2021, the company's total emissions were approximately 767,850 kg CO2e. Scope 1 emissions were around 41,350 kg CO2e, Scope 2 emissions were approximately 577,670 kg CO2e, and Scope 3 emissions stood at approximately 148,830 kg CO2e.

Union Assurance's 2018 emissions totalled approximately 1,426,300 kg CO2e. This included Scope 1 emissions of about 93,170 kg CO2e, Scope 2 emissions of approximately 885,480 kg CO2e, and Scope 3 emissions of around 447,640 kg CO2e. The Scope 3 breakdown for 2018 included employee commute, waste generated in operations, and fuel and energy-related activities.

Data indicates that Union Assurance's emissions reporting may be influenced by its corporate family, with some climate initiatives sourcing information from its parent organisation. However, specific reduction targets or achievements have not been detailed in the provided information. The company has reported on various emission scopes, including Scope 1, Scope 2, and Scope 3, with some instances noting missing data points in specific Scope 3 categories such as purchased goods and services.