- Increasingly challenging financial environment
- Acceleration of the global low-carbon transition driven by climate change
- Potential significant impact of global warming and climate change on the insurance industry
- Increasingly strict environmental regulations
- Potential loss of investment returns due to extreme weather events affecting investment targets
Farglory Life Insurance Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Farglory Life Insurance Co., Ltd. disclosed greenhouse gas emissions of 6.3K tCO2e/year. By scope: Scope 1: 1.1K tCO2e/year; Scope 2: 3.4K tCO2e/year; Scope 3: 1.8K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
6.3K tCO2e/year
2022
Water Usage
35.594 million liters/year
2022
Waste
218.7 tons/year
2022
Energy Use
6.7M MWh/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.8K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions by 4.8% compared to 2021.
- Reduced workplace electricity consumption by 15.4% compared to 2021.
- Reduced workplace paper consumption by 3.1% compared to 2021.
- Green procurement amounted to NT$ 24.81 million and awarded the first prize in the “Buying Power - Social Innovation Products and Services Procurement” by the Ministry of Economic Affairs.
- Reduced paper usage by approximately 8.06 million sheets.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce greenhouse gas emissions by 1% compared to the previous period.
- Reduce workplace electricity consumption by 1% compared to the previous year.
- Reduce total paper consumption in the Company headquarters building by 2% compared to the previous year.
- Achieve a 100% signing rate for both existing and new suppliers by 2023 for the Corporate Social Responsibility Commitment.
📅 Medium-term
- Achieve net-zero carbon emissions by 2050.
- Increase annual investments in ESG-related businesses such as low-carbon green energy, water resources, and renewable energy.
- Implementation of annual performance evaluations for suppliers’ ESG (covering green products, social and environmental responsibilities, carbon management, etc.), with a target of achieving a 70% coverage rate among all suppliers.
🔭 Long-term
- Achieve net-zero carbon emissions by 2050.
🌱 ESG Focus Areas
Healthy GovernanceLow-carbon EnvironmentSocial Co-prosperity