Cathay Life Insurance Co.,Ltd.
Cathay Life Insurance Co., Ltd., a prominent player in the insurance industry, is headquartered in Taipei, Taiwan (TW). Established in 1962, the company has grown to become one of the largest life insurers in the region, offering a diverse range of financial products and services. Its core offerings include life insurance, health insurance, and investment-linked policies, distinguished by their customer-centric approach and innovative solutions. With a strong market presence in Taiwan and expanding operations across Asia, Cathay Life has achieved significant milestones, including numerous awards for service excellence and financial stability. The company is recognised for its commitment to sustainability and social responsibility, further solidifying its position as a trusted provider in the life insurance sector.
DitchCarbon Score
How does Cathay Life Insurance Co.,Ltd.'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
Cathay Life Insurance Co.,Ltd.'s score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cathay Life Insurance Co.,Ltd.'s reported carbon emissions
In 2021, Cathay Life Insurance Co., Ltd. reported total carbon emissions of approximately 10,799,675,000 kg CO2e. This figure includes Scope 1 emissions of about 2,357,180 kg CO2e and Scope 2 emissions of approximately 27,079,210 kg CO2e. The company has set ambitious targets as part of its Zero Carbon Operation Transformation plan, aiming for a 5% reduction in both Scope 1 and Scope 2 emissions by 2025, based on 2020 levels. Looking at previous years, emissions in 2020 were about 10,000,000,000 kg CO2e, with Scope 1 at approximately 2,475,720 kg CO2e and Scope 2 at around 29,748,700 kg CO2e. In 2019, total emissions were about 10,000,000,000 kg CO2e, with Scope 1 at 2,348,840 kg CO2e and Scope 2 at 30,658,920 kg CO2e. Cathay Life has also committed to achieving net zero carbon emissions by 2050. This long-term goal will be supported by initiatives such as replacing energy-intensive equipment, introducing green buildings, and actively using renewable energy. Additionally, the company aims for a significant 25% reduction in emissions from the 2020 baseline by 2030 for both Scope 1 and Scope 2 emissions. Overall, Cathay Life Insurance is taking substantial steps towards reducing its carbon footprint and addressing climate change through clear targets and strategic initiatives.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,004,610 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 34,440,880 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 407,920 | 000,000 | 0,000,000 | - | - | - |
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.
Cathay Life Insurance Co.,Ltd. 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.
