Admiral Group plc, commonly known as Admiral, is a leading insurance provider headquartered in Cardiff, GB. Founded in 1993, the company has established itself as a prominent player in the UK insurance market, particularly in car insurance, home insurance, and travel insurance. With a focus on innovation and customer service, Admiral has introduced unique offerings such as multi-car insurance, which allows families to save on premiums by insuring multiple vehicles under one policy. Over the years, Admiral has achieved significant milestones, including its listing on the London Stock Exchange in 2004. The company is renowned for its strong market position, consistently ranking among the top insurers in the UK. With a commitment to transparency and competitive pricing, Admiral continues to set itself apart in the insurance industry, serving millions of customers across the UK and beyond.
How does Admiral'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.
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.
Admiral's score of 43 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Admiral Group Plc reported total carbon emissions of approximately 3,200,000 kg CO2e, comprising 1,507,000 kg CO2e from Scope 1, 585,000 kg CO2e from Scope 2, and 1,977,000 kg CO2e from Scope 3 emissions. This reflects the company's ongoing commitment to addressing its carbon footprint. Admiral has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway. These targets cover 40% of its total investment and lending by assets under management as of 2021, with required activities making up 40% and optional activities 4%. The company has not yet committed to a net-zero target. In 2022, Admiral's emissions in the UK were approximately 639,000 kg CO2e for Scope 1 and 2 combined, indicating a focus on reducing operational emissions. The company continues to work towards significant reductions in its carbon emissions, demonstrating a proactive approach to climate commitments within the financial and insurance sectors.
Access structured emissions data, company-specific emission factors, and source documents
2013 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 36,000 | 000,000 | 000,000 | 0,000,000 | 000,000 | 0,000,000 |
Scope 2 | 6,795,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000 |
Scope 3 | 1,332,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Admiral is committed to some 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.