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 Waste Data Preview

In 2024, LIC conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2024202320222021 - 2017
Total Waste Generated
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Total Waste Recovered
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Total Hazardous Waste Generated
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Non-Hazardous Waste Disposed
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This table provides a simplified preview of selected waste data points. To access the complete dataset with full disclosures and structure, create a free account to purchase the full dataset.

Insights into LIC’s Generation of Hazardous and Non-Hazardous Waste

In 2024, LIC generated a total of 4,201 metric tonnes of waste.

Of this amount, 2.76% of LIC's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 97.13% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.

LIC’s Hazardous vs Non-Hazardous Waste Over Time

2023202401.5 k3 k4.5 k6 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How LIC reduced the environmental impact of its waste?

Since 2024, LIC's total waste generation has decreased by 18.07%, suggesting improvements in operational efficiency or the early results of waste minimization strategies.

Since 2024, LIC's hazardous waste generation has decreased by 57.99%, suggesting a recent shift toward safer materials, improved waste handling protocols, or stronger compliance with environmental standards.

Overall, LIC has reduced both its total waste and hazardous waste in the last year, suggesting effective waste management practices and improved material sourcing.

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