Chubb Group Holdings, Inc. Sustainability Profile
Chubb Group Holdings, Inc., commonly referred to as Chubb, is a leading global provider of property and casualty insurance. Headquartered in the United States, Chubb operates extensively across North America, Europe, Asia-Pacific, and Latin America. Founded in 1882, the company has established a strong reputation in the insurance industry, marked by significant milestones such as its merger with ACE Limited in 2016, which expanded its global footprint. Chubb offers a diverse range of insurance products, including commercial and personal lines, specialty insurance, and reinsurance. What sets Chubb apart is its commitment to exceptional customer service and tailored solutions that meet the unique needs of its clients. As one of the largest publicly traded property and casualty insurers, Chubb is recognised for its financial strength and innovative risk management strategies, solidifying its position as a trusted leader in the insurance market.
DitchCarbon Score
How does Chubb Group Holdings, Inc.'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 Group Holdings, Inc.'s score of 51 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chubb Group Holdings, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The company is a current subsidiary of Chubb Limited, which may influence its climate commitments and emissions reporting. Chubb Limited, the parent organisation, has been involved in various climate initiatives, including participation in the CDP (formerly the Carbon Disclosure Project) at a cascade level of 1. However, specific reduction targets or achievements for Chubb Group Holdings, Inc. have not been disclosed, and there are no SBTi (Science Based Targets initiative) reduction targets reported. As a part of the insurance and financial services industry, Chubb Group Holdings, Inc. is expected to align with broader climate commitments and sustainability practices, although specific details regarding their initiatives or targets remain unspecified. The lack of emissions data and defined reduction strategies highlights a potential area for improvement in transparency and accountability regarding their environmental impact.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Chubb Group Holdings, Inc.'s Industry?
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Chubb Group Holdings, Inc.'s Scope 3 Categories Breakdown
Chubb Group Holdings, Inc.'s Scope 3 emissions, which increased by 143% last year and increased by approximately 13% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Chubb Group Holdings, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Chubb Group Holdings, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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