Aspen Insurance Group
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 30 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Aspen Insurance Group's reported carbon emissions
In 2023, Aspen Insurance Group reported total carbon emissions of approximately 27,558,000 kg CO2e. This figure includes 379,000 kg CO2e from Scope 1 emissions, 301,000 kg CO2e from Scope 2 emissions, and a significant 26,878,000 kg CO2e from Scope 3 emissions, which encompasses areas such as purchased goods and services (14,909,000 kg CO2e) and business travel (3,295,000 kg CO2e). Comparatively, in 2022, the company recorded total emissions of about 4,487,000 kg CO2e, with Scope 1 emissions at 207,000 kg CO2e, Scope 2 at 1,273,000 kg CO2e, and Scope 3 at 3,007,000 kg CO2e. The previous year, 2021, saw total emissions of approximately 4,860,000 kg CO2e, with Scope 1 at 860,000 kg CO2e, Scope 2 at 1,465,000 kg CO2e, and Scope 3 at 2,525,000 kg CO2e. Despite the significant increase in total emissions from 2022 to 2023, there are currently no disclosed reduction targets or climate pledges from Aspen Insurance Group. The company operates within a challenging industry context, where many firms are increasingly committing to ambitious climate goals. However, without specific reduction initiatives or targets, Aspen's long-term climate strategy remains unclear.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 860,000 | 000,000 | 000,000 |
| Scope 2 | 1,465,000 | 0,000,000 | 000,000 |
| Scope 3 | 2,525,000 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Aspen Insurance Group 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.
