Arch Capital Group Ltd., commonly referred to as Arch Capital, is a leading global provider of insurance, reinsurance, and mortgage insurance solutions. Headquartered in Bermuda, the company operates extensively across North America, Europe, and Asia, catering to a diverse clientele. Founded in 2001, Arch Capital has achieved significant milestones, including rapid growth and expansion into various markets. The firm is renowned for its innovative approach to risk management, offering unique products and services that address the evolving needs of its customers. Arch Capital's commitment to excellence has positioned it as a key player in the insurance industry, with notable achievements in underwriting and claims management. With a strong focus on providing tailored solutions, Arch Capital continues to set itself apart in a competitive landscape.
How does Arch Capital'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.
Arch Capital'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.
In 2023, Arch Capital reported total carbon emissions of approximately 84,809,000 kg CO2e. This figure includes 1,443,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling, accounted for about 5,414,000 kg CO2e. The majority of emissions, approximately 77,952,000 kg CO2e, fell under Scope 3, which includes indirect emissions from the value chain, such as capital goods and business travel. Over the past few years, Arch Capital has shown a trend of fluctuating emissions, with a peak in 2022 at about 71,871,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi), nor have they made any formal climate pledges. This lack of defined targets suggests that while Arch Capital is aware of its carbon footprint, it may need to enhance its climate commitments to align with industry standards and expectations for sustainability. Overall, Arch Capital's emissions data highlights the importance of addressing both direct and indirect emissions as part of a comprehensive climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 1,008,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 5,775,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | 8,876,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Arch Capital 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.