As of 2024, Great Eastern Holdings has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Great Eastern Holdings's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target | Scope 1 - Total Combustion, Scope 2 - Electricity, Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) per Full Time Equivalent (FTE) | -30%a, b | 2025 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Singapore Dollar (SGD) of Gross Written Premium | -30%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Singapore Dollar (SGD) of Enterprise Value Including Cash / Portfolio companies (EVIC) | -40%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Singapore Dollar (SGD) of Enterprise Value Including Cash / Portfolio companies (EVIC) | -45%a | 2030 |
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As of 2024, Great Eastern Holdings has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.ab
As of 2024, Great Eastern Holdings has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Great Eastern Holdings's most ambitious value chain target is to reduce these emissions by 45% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Singapore Dollar (SGD) of Enterprise Value Including Cash / Portfolio companies (EVIC) in 2020.a
Great Eastern Holdings has already surpassed its value chain emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule.a
As of 2024, Great Eastern Holdings has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.ab
Great Eastern Holdings's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 4.06 Metric Tonnes of CO2 equivalent (mtCO2e) per Full Time Equivalent (FTE) in 2019, by 30% by 2025.ab
As of 2024, Great Eastern Holdings is lagging behind on its total carbon footprint reduction target, having achieved 72.23% of the planned reduction.ab