Life Insurance Corporation Of India

Common Name
LIC
Country
India
Sector
Financial Services
Industry
Insurance - Life
Employees
98,661
Ticker
LICI
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
Life Insurance Corporation of India is a state-owned insurance corporation that plays a pivotal role in the Indian financial market. Established in 1956, its primary function is to offer life insuranc...

LIC Energy Data Preview

In 2024, LIC disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

LIC disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, LIC also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate LIC's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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Verified Sources Behind LIC’s Energy Management Data

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a. LIC's Annual Report 2024
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Insights into LIC's Energy Renewability

In 2024, LIC consumed a total of 754,553 Gigajoules of energy across its operations. Of this total, 4.05% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 95.95% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

LIC's Energy Renewability Rate

4%

How much of LIC's energy consumed is renewable?

In 2024, LIC consumed a total of 754,553 Gigajoules of energy, of which 4.05% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that LIC has considerable room to improve its energy sustainability strategy.

Are LIC's energy practices becoming more sustainable?

Since 2024, LIC's total energy consumption increased by 125.39%, reflecting a recent rise in overall energy demand. a

Over the same period, the share of renewable energy in LIC's consumption decreased by 15.19%, showing a recent negative trend in clean energy adoption. a

LIC's Renewable vs Non-renewable Energy Over Time

796.35 k396.35 k3.65 k796.35 kGigajoules (GJ)2023202495%96%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into LIC's Energy Consumption & Production Mix

In 2024, LIC disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the LIC's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies. a

LIC's Energy Consumed by Sources and Technologies

Fuel(Unspecified Type)(52.3%)Electricity(Unspecified Source)(43.6%)

What are the main sources and generation technologies behind LIC's energy consumption?

In 2024, LIC's total energy consumption was primarily sourced from a

  • Fuel (Unspecified Type) (52.3%)
  • Electricity (Unspecified Source) (43.64%)
  • Solar Energy (4.05%)

How diverse is LIC’s energy consumption mix?

In 2024, LIC consumed energy from 3 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source. a

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