Aspen Insurance Group Sustainability Profile
Aspen Insurance Group, often referred to simply as Aspen, is a prominent player in the global insurance and reinsurance industry, headquartered in Bermuda (BM). Founded in 2002, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Aspen offers a diverse range of products and services, specialising in property, casualty, and specialty insurance, which are tailored to meet the unique needs of its clients. With a commitment to innovation and customer service, Aspen has achieved significant milestones, including a robust market position recognised for its financial strength and underwriting expertise. The company’s unique approach to risk management and its focus on delivering bespoke solutions set it apart in a competitive landscape, making Aspen Insurance Group a trusted partner for businesses worldwide.
DitchCarbon Score
How does Aspen Insurance Group'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 Financial Intermediation 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
Aspen Insurance Group's score of 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aspen Insurance Group's reported carbon emissions
In 2024, Aspen Insurance Group reported total carbon emissions of approximately 22,696,000 kg CO2e. This figure includes Scope 1 emissions of about 359,000 kg CO2e, Scope 2 emissions of approximately 515,000 kg CO2e, and Scope 3 emissions totalling around 21,822,000 kg CO2e. The Scope 3 emissions are primarily driven by purchased goods and services, which account for about 14,893,000 kg CO2e, alongside significant contributions from business travel and employee commuting. Comparatively, in 2023, Aspen's total emissions were approximately 28,513,000 kg CO2e, indicating a reduction of about 5,817,000 kg CO2e year-on-year. This reduction reflects a decrease in both Scope 1 and Scope 2 emissions, as well as a notable decline in Scope 3 emissions. Aspen Insurance Group's emissions data is cascaded from its parent company, Aspen Insurance Holdings Limited, which is classified as a current subsidiary. However, there are currently no specific reduction targets or climate pledges documented for Aspen Insurance Group, indicating a potential area for future commitment and improvement in their sustainability strategy.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 207,000 | 000,000 | 000,000 |
| Scope 2 | 1,024,000 | 000,000 | 000,000 |
| Scope 3 | 5,792,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Aspen Insurance Group's Industry?
How Carbon Intensive is Aspen Insurance Group's Location?
Aspen Insurance Group's Scope 3 Categories Breakdown
Aspen Insurance Group's Scope 3 emissions, which decreased by 22% last year and increased by approximately 277% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 68% of Scope 3 emissions.
Top Scope 3 Categories
Aspen Insurance Group'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.
Aspen Insurance Group 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.
