Axis Capital
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 16 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Axis Capital's reported carbon emissions
In 2023, Axis Capital reported total carbon emissions of approximately 5,130,000 kg CO2e globally, with Scope 1 emissions at about 69,000 kg CO2e, Scope 2 emissions at around 1,851,000 kg CO2e, and Scope 3 emissions reaching approximately 3,210,000 kg CO2e. Notably, business travel accounted for about 3,012,000 kg CO2e of the Scope 3 emissions. In the previous year, 2022, the total emissions were about 4,786,000 kg CO2e, with Scope 1 emissions at approximately 132,000 kg CO2e, Scope 2 emissions at around 2,033,000 kg CO2e, and Scope 3 emissions at about 2,621,000 kg CO2e. This indicates a rise in emissions from 2022 to 2023. Axis Capital has not disclosed specific reduction targets or initiatives, nor have they committed to the Science Based Targets initiative (SBTi) for emissions reduction. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 | 0,000,000 |
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.
Axis 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.
