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 34 is higher than 60% 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 1,079,000 kg CO2e in the UK, with emissions broken down into Scope 1, 2, and 3 categories. Specifically, Scope 1 emissions were about 19,000 kg CO2e, while Scope 2 emissions totalled approximately 352,000 kg CO2e. The majority of their emissions stemmed from Scope 3, which accounted for around 708,000 kg CO2e, with business travel contributing significantly at about 644,000 kg CO2e. Globally, Axis Capital's total emissions for 2023 reached approximately 5,130,000 kg CO2e, with Scope 1 emissions at about 69,000 kg CO2e and Scope 2 emissions at approximately 1,851,000 kg CO2e. Again, Scope 3 emissions were substantial, totalling around 3,210,000 kg CO2e, primarily driven by business travel at about 3,012,000 kg CO2e. Comparatively, in 2022, the UK emissions were reported at approximately 853,000 kg CO2e, indicating a significant increase in 2023. The global emissions for 2022 were not fully disclosed for Scope 3, but Scope 1 and 2 emissions were approximately 132,000 kg CO2e and 2,033,000 kg CO2e, respectively. Despite the detailed emissions reporting, Axis Capital has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The emissions data is sourced directly from Axis Capital Holdings Limited, with no cascaded data from a parent organisation. Overall, Axis Capital's emissions profile highlights the need for enhanced climate commitments and reduction strategies to address their significant carbon footprint, particularly in Scope 3 emissions related to business travel.
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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 |
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.
