Hastings Group Holdings Limited
Hastings Group Holdings Limited, commonly referred to as Hastings, is a prominent insurance provider headquartered in Great Britain. Established in 1965, the company has evolved significantly, becoming a key player in the UK insurance market, particularly in motor and home insurance sectors. With a focus on delivering straightforward and affordable insurance solutions, Hastings distinguishes itself through its innovative use of technology and data analytics. The company offers a range of products, including car insurance, home insurance, and bike insurance, tailored to meet the diverse needs of its customers. Hastings has achieved notable milestones, including its successful listing on the London Stock Exchange, solidifying its market position. With a commitment to customer satisfaction and a strong operational presence across the UK, Hastings continues to be a trusted name in the insurance industry.
DitchCarbon Score
How does Hastings Group Holdings Limited'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 Coal Tar Production 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
Hastings Group Holdings Limited's score of 42 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2022, Hastings Group Holdings Limited reported total carbon emissions of approximately 1,396,000 kg CO2e. This figure includes about 212,000 kg CO2e from Scope 1 and 2 emissions, while the majority, approximately 1,184,000 kg CO2e, falls under Scope 3 emissions. This represents a notable increase from 2021, when total emissions were about 896,000 kg CO2e, with Scope 1 and 2 emissions at approximately 259,000 kg CO2e and Scope 3 emissions at about 637,000 kg CO2e. Hastings Group has committed to achieving net-zero emissions by 2050, with interim targets set to align with the Science Based Targets initiative (SBTi). Their portfolio targets cover 23% of total investment and lending by total balance sheet assets as of 2022. The company is classified as a financial institution and is a member of the BA1.5 initiative, indicating their commitment to limiting global warming to 1.5°C. The emissions data for Hastings Group is cascaded from its parent company, Sampo Oyj, reflecting the broader corporate family's climate commitments. The company is actively working towards reducing its carbon footprint and has set specific targets to ensure compliance with industry standards for climate action.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,515,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,886,600 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,925,100 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
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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.
Hastings Group Holdings Limited is participating in some 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.
