The CIC Insurance Group Plc
The CIC Insurance Group Plc, commonly referred to as CIC Insurance, is a prominent player in the insurance industry, headquartered in Kenya (KE). Established in 1968, the company has grown to become a leading provider of a diverse range of insurance products and services, including life, health, and general insurance. CIC Insurance is renowned for its customer-centric approach and innovative solutions tailored to meet the unique needs of individuals and businesses across East Africa. With a strong market presence, the company has achieved significant milestones, including expanding its operations into various regions and enhancing its product offerings. CIC Insurance's commitment to excellence and its strategic focus on sustainability have solidified its position as a trusted insurer, making it a key contributor to the growth of the insurance sector in Kenya and beyond.
DitchCarbon Score
How does The CIC Insurance Group 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.
Industry Average
Mean score of companies in the Coal Tar Production 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
The CIC Insurance Group Plc's score of 17 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The CIC Insurance Group Plc's reported carbon emissions
In 2023, The CIC Insurance Group Plc reported total carbon emissions of approximately 469,000 kg CO2e, comprising 245,000 kg CO2e from Scope 1 emissions and 224,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions primarily stem from mobile combustion (about 229,000 kg CO2e) and stationary combustion (approximately 16,000 kg CO2e). The company has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, The CIC Insurance Group Plc has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction initiatives or Science-Based Targets (SBTi) indicates a potential area for future development in their sustainability strategy. As a current subsidiary, emissions data is cascaded from The CIC Insurance Group Plc, with no additional climate pledges or initiatives reported from parent or related organizations. The company operates within the insurance sector in Kenya (KE) and is positioned to enhance its climate commitments moving forward.
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| 2023 | |
|---|---|
| Scope 1 | 245,000 |
| Scope 2 | 224,000 |
| 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.
The CIC Insurance Group Plc 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.
