Climate Change Data

Salaam Takaful Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 98% reduction in paper usage
  • 26.9% reduction in water usage per employee
  • 35% environmentally friendly vehicle portfolio

Social Achievements

  • Conducted health and wellness camps
  • Provided coverage to over 10,000 lives in underserved communities
  • Launched Qarz-e-Hasna for students

Governance Achievements

  • Formation of ESG board committee
  • IFRS-17 Implementation with PWC
  • ISO 9001:2015 certification
  • UNEP’s PSI Signatory
  • Participant of the UN-GC

Climate Goals & Targets

Long-term Goals:
  • Net Zero in 2024
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: IFRS Sustainability Disclosure Standards, SASB Standards, UN Sustainable Development Goals (SDGs)

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 1
  • Goal 2
  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 10
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 14
  • Goal 15
  • Goal 16
  • Goal 17

See page 46-49 for details

Sustainable Products & Innovation

  • Parametric Crop Insurance
  • Parametric Travel Takaful
  • Cashless OPD Takaful
  • Pay as You Drive Takaful
  • Salaam SME Initiative
  • Salaam Virtual Clinic
  • Livestock Takaful

Awards & Recognition

  • Best Corporate and Sustainability Report Award
  • SAFA Certificate of Merit
  • ICAP / ICMA best Corporate and Sustainability Award
  • South Asian Federation of Accountant best Corporate and Sustainability Award
  • Brand of the Year Award
  • Consumer Choice award
  • Runner-up position in SummerHack 2022 by Cookhouse Lab-Insurtech, Canada
  • Masterclass Tailored Solution award