GIC Re
GIC Re, or General Insurance Corporation of India, is a prominent player in the reinsurance industry, headquartered in Mumbai, India. Established in 1972, GIC Re has evolved into a leading global reinsurer, serving various operational regions including Asia, Africa, and the Middle East. The company offers a diverse range of products and services, including property, marine, and life reinsurance, distinguished by its robust underwriting expertise and innovative risk management solutions. With a strong market position, GIC Re has achieved significant milestones, such as being the first reinsurance company in India to be listed on the stock exchange. Its commitment to excellence and customer-centric approach has earned it a reputation for reliability and trustworthiness in the reinsurance sector, making it a preferred partner for insurers worldwide.
DitchCarbon Score
How does GIC Re'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
GIC Re's score of 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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GIC Re's reported carbon emissions
In 2024, GIC Re reported carbon emissions of approximately 3,735,680 kg CO2e, all of which were classified under Scope 2, indicating indirect emissions from purchased electricity. Notably, there were no reported Scope 1 emissions for this year. In 2023, the company recorded about 3,227,040 kg CO2e in emissions, again solely from Scope 2. This reflects a slight increase in emissions compared to 2024. In 2022, GIC Re's emissions were significantly higher, with approximately 6,026,643 kg CO2e, comprising about 6,026,643 kg CO2e from Scope 1 and 37,378 kg CO2e from Scope 2. Over the years, GIC Re has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The absence of Scope 3 emissions data suggests a focus on direct and indirect operational emissions. Overall, GIC Re's emissions data highlights a trend towards managing and reporting carbon emissions, particularly in Scope 2, while the lack of defined reduction targets indicates potential areas for future commitment and improvement in climate action.
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| 2009 | 2010 | 2011 | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,149,757 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - |
| Scope 2 | 5,008,114 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
GIC Re 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.
