Great Eastern Holdings
Great Eastern Holdings, a prominent player in the insurance and financial services industry, is headquartered in Singapore (SG) and operates extensively across Southeast Asia. Founded in 1908, the company has established itself as a trusted provider of life and health insurance, as well as investment-linked products, catering to a diverse clientele. With a commitment to innovation, Great Eastern offers unique solutions that blend traditional insurance with modern financial planning. The company has achieved significant milestones, including being one of the first insurers in the region to embrace digital transformation, enhancing customer experience and accessibility. Recognised for its strong market position, Great Eastern Holdings has garnered numerous awards for its service excellence and product offerings, solidifying its reputation as a leader in the insurance sector.
DitchCarbon Score
How does Great Eastern Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Great Eastern Holdings's score of 52 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Great Eastern Holdings's reported carbon emissions
In 2023, Great Eastern Holdings reported total carbon emissions of approximately 16,118,960 kg CO2e, comprising 269,410 kg CO2e from Scope 1 (mobile combustion), 15,340,290 kg CO2e from Scope 2 (purchased electricity), and 507,920 kg CO2e from Scope 3 (business travel). This marked an increase from 2022, where total emissions were about 15,488,360 kg CO2e. The company has set ambitious climate commitments, aiming for Net Zero by 2050. As part of its near-term targets, Great Eastern plans to achieve a 30% reduction in carbon emissions for Retail Motor on an emissions per Gross Written Premium (GWP) basis by 2030, using 2023 as the baseline year. Additionally, they aim to reduce emissions per Full-Time Equivalent (FTE) by 10% by 2025, focusing on energy-saving features in their buildings and integrating environmental considerations into office transformation projects. Great Eastern is also targeting a 20% reduction in the carbon footprint of its listed equity portfolio by 2025. The company remains dedicated to meeting its Operational Net Zero target by 2025, with ongoing efforts to minimise the direct environmental impact of its operations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | 000,000 |
| Scope 2 | 14,542,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 190,000 | 00,000 | 00,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Great Eastern Holdings is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
