Emirates Insurance Co PJSC 2023 IR
The report highlights Emirates Insurance Company's financial and sustainability performance for the fiscal year 2023, marking its 40th anniversary. EIC successfully implemented the new IFRS 17 accounting standard and achieved a net profit of AED 126.3 million, a 126% increase from 2022. On the environmental front, the company reduced its printer fleet by 50%, resulting in an 88% reduction in printing costs since 2020, and digitally stored 3.6 million pages of documents in 2023. Socially, EIC surpassed its Emiratisation targets set by the Central Bank of the UAE, with UAE nationals comprising 17% of its workforce.
Company: Emirates Insurance Co PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 123
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Emirates Insurance Co PJSC
Integrated Report
The report highlights Emirates Insurance Company's financial and sustainability performance for the fiscal year 2023, marking its 40th anniversary. EIC successfully implemented the new IFRS 17 accounting standard and achieved a net profit of AED 126.3 million, a 126% increase from 2022. On the environmental front, the company reduced its printer fleet by 50%, resulting in an 88% reduction in printing costs since 2020, and digitally stored 3.6 million pages of documents in 2023. Socially, EIC surpassed its Emiratisation targets set by the Central Bank of the UAE, with UAE nationals comprising 17% of its workforce.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 28, 2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Workplace Fatalities
Employees