Palomar Holdings
Palomar Holdings, Inc., commonly referred to as Palomar, is a prominent player in the insurance industry, headquartered in the United States. Founded in 2014, the company has rapidly established itself as a leader in providing innovative property insurance solutions, particularly in high-risk areas prone to natural disasters. With a focus on technology-driven underwriting and claims management, Palomar offers unique products such as earthquake and flood insurance, setting it apart from traditional insurers. The company operates primarily in regions vulnerable to seismic and weather-related events, ensuring that homeowners and businesses have access to essential coverage. Palomar's commitment to customer-centric service and its strategic growth initiatives have positioned it as a notable contender in the insurance market, earning recognition for its rapid expansion and robust financial performance.
DitchCarbon Score
How does Palomar Holdings'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
Palomar Holdings's score of 36 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Palomar Holdings's reported carbon emissions
In 2023, Palomar Holdings reported total carbon emissions of approximately 14,387,000 kg CO2e. This figure includes 97,000 kg CO2e from Scope 1 emissions, 52,000 kg CO2e from Scope 2 emissions, and a significant 14,238,000 kg CO2e from Scope 3 emissions. The previous year, 2022, the company had total emissions of about 6,768,880 kg CO2e, with Scope 1 emissions at 98,110 kg CO2e, Scope 2 at 143,710 kg CO2e, and Scope 3 emissions at 6,527,060 kg CO2e. Despite the increase in total emissions from 2022 to 2023, Palomar Holdings has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. As a company headquartered in the US, Palomar Holdings operates in an industry increasingly focused on sustainability and climate action, highlighting the importance of establishing clear emissions reduction goals.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 98,110 | 00,000 |
| Scope 2 | 143,710 | 00,000 |
| Scope 3 | 6,527,060 | 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.
Palomar Holdings is not participating in any of the initiatives that 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.
