- Potential for misleading advertising in marketing.
- Risk of greenwashing.
- Risks associated with invasion of personal data.
- Affordability of premiums as a barrier for some community members.
- Coverage disparities in communities.
- Increased claims frequency and severity due to physical climate risks.
- Underwriting challenges in assessing climate-related risks.
- Asset risk management related to climate-sensitive assets.
- Risk of stranded assets due to investments not aligned with low-carbon economy.
- Regulatory changes and market shifts towards sustainable investments.
CIC Insurance Group PLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, CIC Insurance Group PLC disclosed greenhouse gas emissions of 469 metric tonnes. By scope: Scope 1: 245 metric tonnes; Scope 2: 224 metric tonnes. 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
469 metric tonnes
2023
Water Usage
22.51 mega litres
2023
📊 Emissions by Scope (2023)
| 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). | 245 metric tonnes |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 224 metric tonnes |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 469 metric tonnes |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Replaced normal taps with time-delay taps to reduce water consumption.
- Powered Ushirika gardens project solely by solar PV installation.
- Acquired a solar powered pump for water pumping.
- Replaced filters for air conditioners, water dispensers, and genset to lower energy consumption by 5% to 15%.
- Purchased laptops instead of desktop computers and used energy-efficient bulbs.
- Sponsored Kereita Forest Challenge, resulting in 750 seedlings planted.
- Participated in a tree planting exercise during Ushirika environmental day.
🌱 ESG Focus Areas
Economic ResilienceEnvironmental StewardshipSocial ResponsibilityResponsible Governance