- Climate change impacts on the insurance sector (increased frequency of extreme weather events)
- Managing information security risks associated with digitalization
Al-Buhaira National Insurance Company P.S.C. (ABNIC)
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Al-Buhaira National Insurance Company P.S.C. (ABNIC) disclosed greenhouse gas emissions of 83.0K tCO2e/year. By scope: Scope 1: 10.04 tCO2e/year; Scope 2: 15.3K tCO2e/year; Scope 3: 67.7K 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
83.0K tCO2e/year
2022
Renewable Energy
0.11%
of total energy
Water Usage
356.7K m3/year
2022
Energy Use
141.2K GJ/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). | 10.04 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 15.3K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 67.7K 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 period | Headline emissions figure reported |
|---|---|
| 2022 | 83.0K tCO2e/year |
| 2020 | 79.10 tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Introduced eco-driving workshops for employees to reduce emissions from company assets
- Implemented Canon Managed Print Services (MPS) to reduce paper usage
🎯 Climate & Sustainability Targets
🔜 Short-term
- Establish a Sustainability Committee (Q1 2023)
- Implement IFRS17 system
📅 Medium-term
- Integrate ESG into investment decision-making
- Implement Business Analytics & Insight, Security Incident and Event Management, Digital Signature and Document Management
🔭 Long-term
- Achieve Net Zero emissions by 2050 (aligned with UAE's target)
🌱 ESG Focus Areas
Financial PerformanceData Protection & Customer PrivacyEthics & IntegrityDigitalizationEmployment PracticesEqual Opportunity, Diversity & InclusionEnvironmental Impact & Sustainability PracticesEmiratizationCommunity SupportESG Integration into Analysis and Decision-MakingClimate Change