In 2024, Qatar Insurance Company QSPC completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Qatar Insurance Company QSPC has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 125.24a | 122b |
Total Scope 2 | ||
Unspecified Calculation Method | 2,120a | 2,125b |
Total Scope 3 | 469.86a | 597b |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0582a | 0.0471b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Qatar Insurance Company QSPC amounted to 2,245.24 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Qatar Insurance Company QSPC decreased by 0.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Qatar Insurance Company QSPC were 125.24 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Qatar Insurance Company QSPC's Scope 1 emissions increased by 2.66%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Qatar Insurance Company QSPC reported Scope 2 greenhouse gas (GHG) emissions of 2,120 tCO₂e without specifying the calculation method.a
Compared to the previous year (2023), Qatar Insurance Company QSPC's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Qatar Insurance Company QSPC's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Qatar Insurance Company QSPC reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Qatar Insurance Company QSPC reported 469.86 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Qatar Insurance Company QSPC includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Qatar Insurance Company QSPC reported total Scope 3 emissions of 469.86 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Qatar Insurance Company QSPC's Scope 3 emissions decreased by 21.3%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Qatar Insurance Company QSPC reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Qatar Insurance Company QSPC's Scope 3 emissions were:a
In 2024, Qatar Insurance Company QSPC reported Scope 1 greenhouse gas (GHG) emissions of 125.24 tCO₂e and total revenues of USD 2,152 millions. This translates into an emissions intensity of 0.06 tCO₂e per millions USD.a
In 2024, Qatar Insurance Company QSPC reported a Scope 1 emissions intensity of 0.06 tCO₂e per millions USD. Compared to the peer group median of 0.3, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Qatar Insurance Company QSPC ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Qatar Insurance Company QSPC among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Qatar Insurance Company QSPC reported a total carbon footprint of 2,715.1 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.53% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Qatar Insurance Company QSPC's total carbon footprint was Scope 2 emissions, accounting for 78.08% of the company's total carbon footprint, followed by Scope 3 emissions at 17.31%.a