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Public Profile
Financial Intermediation
US
updated 4 days ago

Axis Capital

Company website

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.

34

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.

27

Industry Benchmark

Axis Capital's score of 34 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.

59%

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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, with emissions distributed across various scopes: 19,000 kg CO2e (Scope 1), 352,000 kg CO2e (Scope 2), and 708,000 kg CO2e (Scope 3). Notably, business travel accounted for a significant portion of Scope 3 emissions, totalling about 644,000 kg CO2e. Comparatively, in 2022, the company’s emissions were approximately 853,000 kg CO2e in the UK, with Scope 1 emissions at 23,000 kg CO2e, Scope 2 at 353,000 kg CO2e, and Scope 3 at 478,000 kg CO2e. This indicates a substantial increase in total emissions from 2022 to 2023. 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 not cascaded from any parent organisation, ensuring that the figures are directly attributed to Axis Capital itself. Overall, while Axis Capital has made strides in reporting its emissions, the lack of defined reduction strategies highlights an area for potential improvement in its climate commitments.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Axis Capital's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Axis Capital is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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