Axis Capital Sustainability Profile
Axis Capital Holdings Limited, commonly known as Axis Capital, is a prominent player in the global insurance and reinsurance industry. Headquartered in the United States, the company operates extensively across key regions, including North America, Europe, and Asia. Founded in 2001, Axis Capital has achieved significant milestones, establishing itself as a trusted provider of innovative risk management solutions. The firm offers a diverse range of products and services, including property, casualty, and specialty insurance, as well as reinsurance solutions. What sets Axis Capital apart is its commitment to delivering tailored coverage and exceptional client service, ensuring that businesses can navigate complex risks effectively. With a strong market position and a reputation for financial strength, Axis Capital continues to be a leader in the industry, recognised for its strategic approach and robust underwriting capabilities.
DitchCarbon Score
How does Axis 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.
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
Axis Capital's score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Axis Capital's reported carbon emissions
In 2023, Axis Capital reported total carbon emissions of approximately 5,130,000 kg CO2e globally. This figure includes 69,000 kg CO2e from Scope 1 emissions, 1,851,000 kg CO2e from Scope 2 emissions, and a significant 3,210,000 kg CO2e from Scope 3 emissions, with business travel contributing about 3,012,000 kg CO2e. In the UK, the company’s emissions totalled approximately 1,079,000 kg CO2e, comprising 19,000 kg CO2e from Scope 1, 352,000 kg CO2e from Scope 2, and 708,000 kg CO2e from Scope 3. Axis Capital has not set specific reduction targets or initiatives as part of their climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. The company’s emissions data is not cascaded from a parent organisation, indicating that these figures are independently reported by Axis Capital Holdings Limited. Overall, Axis Capital's emissions profile highlights the significant impact of Scope 3 emissions, particularly from business travel, underscoring the need for comprehensive strategies to address carbon footprints across all scopes.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 270,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 4,043,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 |
How Carbon Intensive is Axis Capital's Industry?
How Carbon Intensive is Axis Capital's Location?
Axis Capital's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 63% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 94% of Scope 3 emissions.
Top Scope 3 Categories
Axis Capital'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.
Axis Capital 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.
