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 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.
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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, comprising 69,000 kg CO2e from Scope 1, 1,851,000 kg CO2e from Scope 2, and 3,210,000 kg CO2e from Scope 3 emissions. In the UK, their emissions totalled about 1,079,000 kg CO2e, with 19,000 kg CO2e from Scope 1, 352,000 kg CO2e from Scope 2, and 708,000 kg CO2e from Scope 3. Over the years, Axis Capital has demonstrated a commitment to reducing its carbon footprint. In 2022, their global emissions were approximately 4,786,000 kg CO2e, indicating a slight increase in 2023. However, from 2021 to 2022, they achieved a reduction in Scope 1 and Scope 2 emissions, with Scope 1 decreasing from 232,000 kg CO2e to 132,000 kg CO2e and Scope 2 from 2,109,000 kg CO2e to 2,033,000 kg CO2e. Despite these efforts, there are currently no specific reduction targets or initiatives outlined in their climate commitments. Axis Capital continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate-related financial disclosures.
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 participating in any of the initiatives that 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.
