Chubb
Chubb Limited, commonly referred to as Chubb, is a leading global provider of insurance and reinsurance solutions, headquartered in the United States. Established in 1882, Chubb has grown to become one of the largest publicly traded property and casualty insurance companies in the world, with significant operations across North America, Europe, Asia-Pacific, and Latin America. Chubb offers a diverse range of products and services, including commercial and personal insurance, accident and health coverage, and reinsurance. What sets Chubb apart is its commitment to exceptional customer service and tailored insurance solutions that meet the unique needs of its clients. The company has consistently maintained a strong market position, recognised for its financial strength and innovative risk management strategies, making it a trusted partner in the insurance industry.
DitchCarbon Score
How does Chubb's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Chubb's score of 54 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chubb's reported carbon emissions
In 2023, Chubb reported total carbon emissions of approximately 23,017,000 kg CO2e for Scope 1 and about 8,530,000 kg CO2e for Scope 2 (market-based). The company also recorded significant Scope 3 emissions, particularly from business travel, which amounted to approximately 18,811,000 kg CO2e. Chubb has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 40% by 2025, a target established in 2019. This commitment aligns with their support for the global goal of achieving net-zero carbon emissions by 2050. The company’s annual greenhouse gas (GHG) inventory encompasses Scope 1, Scope 2, and certain categories of Scope 3 emissions, reflecting a comprehensive approach to managing its carbon footprint. Over the years, Chubb has demonstrated a proactive stance in addressing climate change, with emissions from Scope 1 peaking at approximately 68,852,000 kg CO2e in 2019, before gradually decreasing in subsequent years. The company continues to monitor and report its emissions, ensuring transparency and accountability in its sustainability efforts.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 88,482,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chubb is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
