Union Assurance Sustainability Profile
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 lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Union Assurance's reported carbon emissions
In 2024, Union Assurance, headquartered in Sri Lanka (LK), reported total carbon emissions of approximately 1,639,700 kg CO2e. This figure includes Scope 1 emissions of about 53,290 kg CO2e, primarily from mobile combustion (51,745 kg CO2e) and stationary combustion (1,553 kg CO2e). Scope 2 emissions, attributed to purchased electricity, accounted for around 744,370 kg CO2e. Notably, Scope 3 emissions were significant, totalling approximately 842,030 kg CO2e, with employee commuting contributing about 487,309 kg CO2e. In 2023, the company recorded total emissions of about 966,500 kg CO2e, with Scope 1 emissions at 47,460 kg CO2e and Scope 2 emissions at 836,810 kg CO2e. Scope 3 emissions for that year were approximately 82,230 kg CO2e. Union Assurance has not disclosed specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from its parent company, John Keells Holdings PLC, indicating a corporate family relationship that influences its sustainability reporting. The company is currently not participating in any specific climate initiatives such as SBTi or CDP, nor has it made any formal climate pledges.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is Union Assurance's Industry?
How Carbon Intensive is Union Assurance's Location?
Union Assurance's Scope 3 Categories Breakdown
Union Assurance's Scope 3 emissions, which decreased by 45% last year and decreased by approximately 82% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 9% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 2% of Scope 3 emissions.
Top Scope 3 Categories
Union Assurance'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.
Union Assurance 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.
