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Public Profile
Insurance Services
BD
updated 6 months ago

Pragati Life Insurance PLC

Company website

Pragati Life Insurance PLC, headquartered in Dhaka, Bangladesh, is a prominent player in the life insurance industry, offering a diverse range of financial protection and investment solutions. Established in 1996, the company has achieved significant milestones, including a robust presence across major operational regions in Bangladesh. Specialising in life insurance products, Pragati Life is known for its unique offerings, such as endowment plans, term insurance, and health insurance, designed to meet the evolving needs of its clients. With a commitment to customer satisfaction and financial security, Pragati Life Insurance has positioned itself as a trusted name in the market, recognised for its innovative approach and strong financial performance.

DitchCarbon Score

How does Pragati Life Insurance PLC'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.

24

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.

27

Industry Benchmark

Pragati Life Insurance PLC's score of 24 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.

44%

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Pragati Life Insurance PLC's reported carbon emissions

Pragati Life Insurance PLC, headquartered in Bangladesh, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is committed to addressing climate change through its participation in the Science Based Targets initiative (SBTi). Pragati Life Insurance has made a near-term commitment to reduce its carbon footprint, although specific reduction targets have not been disclosed. As of August 2024, the company is actively engaged in climate initiatives, reflecting its recognition of the importance of sustainability within the financial sector. While it has not set a net-zero target, Pragati Life Insurance is taking steps to align its operations with climate commitments, demonstrating a proactive approach to environmental responsibility. The absence of emissions data suggests that Pragati Life Insurance may still be in the early stages of formalising its climate strategy. Nonetheless, its commitment to the SBTi indicates a willingness to engage with industry standards and contribute to global efforts in reducing greenhouse gas emissions.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Pragati Life Insurance PLC's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Pragati Life Insurance PLC is in BD, which has a medium grid carbon intensity relative to other regions.

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.

Pragati Life Insurance PLC is participating in some 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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