- Climate change risks, including extreme weather events and transition risks (low-carbon policies, technological changes, consumer preferences).
- High paper consumption leading to significant waste generation.
- Employee turnover, particularly among older employees reaching retirement age.
The First Insurance Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The First Insurance Co., Ltd. disclosed greenhouse gas emissions of 581.0345 tCO2e/year (Scope 1 & 2). By scope: Scope 1: 93.9062 tCO2e/year; Scope 2: 487.1283 tCO2e/year; Scope 3: 31.8K tCO2e/year (80.60% coverage). 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
581.0345 tCO2e/year (Scope 1 & 2)
2023
Water Usage
7.60 million liters/year
2023
Waste
73.70 tonnes/year
2023
Energy Use
562.60 GJ/year
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). | 93.9062 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 487.1283 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 31.8K tCO2e/year (80.60% coverage) |
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 | 581.0345 tCO2e/year (Scope 1 & 2) |
| 2022 | 979.92 tCO2e/year |
| 2021 | 979.9K kgCO2e |
| 2020 | 972.5K kgCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced water usage by 2.7% from 2022 to 2023, resulting in a carbon reduction of 11.689 kg.
- Reduced paper consumption by 538,990 sheets (9,701.82 kg CO2e avoided) through electronic policies.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce electricity and water usage by 1% annually.
- Increase electronic policies to 50% of automobile all-risk and 80% of travel insurance policies by 2024.
📅 Medium-term
- Evaluate feasibility of introducing renewable energy or green power measures.
🌱 ESG Focus Areas
Corporate GovernanceResponsible InvestmentEmployee CareEnvironmental Care