Alliance Insurance P.S.C

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2021

In its 2023 reporting, Alliance Insurance P.S.C disclosed greenhouse gas emissions of 1.8K tCO2e/year. By scope: Scope 1: 10.20 tCO2e/year; Scope 2: 1.7K 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
1.8K tCO2e/year
2023
💧
Water Usage
1.7K m3/year
2023
⚙️
Energy Use
15.7K GJ/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).10.20 tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.1.7K tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
20231.8K tCO2e/year
20227.77 tCO2e (Scope 1 & 2)
2021117.99 MT CO2e

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Cultivating ESG Awareness Across Alliance; Enhancing Environmental Stewardship; Integrating ESG into Investment Decisions; Community Wellbeing

🌱 ESG Focus Areas

Gainful EmploymentEqual Opportunity, Diversity & InclusionData Protection & Customer PrivacyFinancial PerformanceProduct & Service Information LabellingEmployee Skills DevelopmentEnvironmental Impact & Sustainability PracticesDigitalizationClimate ChangeCommunity SupportGovernance & Business EthicsESG Integration into Analysis & Decision-Making

⚠️ Challenges & Risks +

  • Staff adaptation and resistance to change during digital transformation; security concerns during digital transformation; funding for community education programs; access and outreach for community programs; volunteer and staff recruitment for community programs; program design and adaptation for community programs; supply chain complexity in sustainable procurement; limited supplier capacity in sustainable procurement; cost considerations in sustainable procurement; lack of transparency in sustainable procurement; stakeholder engagement in sustainable procurement; intense competition, pricing pressures, and regulatory compliance costs in the UAE insurance sector; climate change impacts on underwriting and claims.

📋 Report Information

Reporting Period: 2023
Frameworks: International Integrated Reporting Framework, GRI Standards 2021 Update, Dubai Financial Market’s 32 ESG metrics, Sustainable Development Goals (SDGs)
Assurance: Company’s internal audit function