- Increased reinsurance premiums due to global natural disasters
- Impact of IFRS17 on financial practices and manpower allocation
- Inflation increasing the cost of insurance claims
Union Insurance Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Union Insurance Co., Ltd. disclosed greenhouse gas emissions of 524.6K Kg CO2e. By scope: Scope 2: 524.9. 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
524.6K Kg CO2e
2023
Water Usage
11.349 million liters
2023
Energy Use
1.1M kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 524.9 |
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 | 524.6K Kg CO2e |
| 2022 | 537.9K Kg CO2e |
| 2021 | 549.3K Kg CO2e (2021) |
| 2020 | 628.4K Kg CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced per capita carbon emissions by 10.6% (with 2020 as the base year)
- Reduced per capita water consumption by 2% (with 2020 as the base year)
- Reduced per capita electricity consumption by 12% (with 2020 as the base year)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce per capita carbon emissions by 11.5% by 2024 (with 2020 as the base year)
- Reduce per capita water consumption by 2.5% by 2024 (with 2020 as the base year)
- Reduce per capita electricity consumption by 12.5% by 2024 (with 2020 as the base year)
📅 Medium-term
- Reduce per capita carbon emissions by 13% by 2029 (with 2020 as the base year)
- Reduce per capita water consumption by 3.5% by 2029 (with 2020 as the base year)
- Reduce per capita electricity consumption by 13.5% by 2029 (with 2020 as the base year)
🔭 Long-term
- Reduce per capita carbon emissions by 16.5% by 2032 (with 2020 as the base year)
- Reduce per capita water consumption by 4.5% by 2032 (with 2020 as the base year)
- Reduce per capita electricity consumption by 15.5% by 2032 (with 2020 as the base year)
🌱 ESG Focus Areas
Environmental SustainabilityCorporate GovernanceSocial Responsibility