AXIS Reinsurance Company Sustainability Profile
AXIS Reinsurance Company, a prominent player in the global reinsurance industry, is headquartered in the United States. Founded in 2001, AXIS has established itself as a leader in providing innovative reinsurance solutions across various sectors, including property, casualty, and specialty lines. With a strong operational presence in key markets worldwide, the company is well-positioned to meet the evolving needs of its clients. AXIS Reinsurance is renowned for its unique approach to risk management, offering tailored products and services that stand out in a competitive landscape. The company has achieved significant milestones, including strategic partnerships and a robust financial foundation, which enhance its market position. With a commitment to excellence and a focus on client-centric solutions, AXIS Reinsurance continues to shape the future of the reinsurance industry.
DitchCarbon Score
How does AXIS Reinsurance Company'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 Insurance Services 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 Reinsurance Company's score of 37 is higher than 59% 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 Reinsurance Company, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of AXIS Capital Holdings Limited, any emissions data would be inherited from this parent organisation. However, there are no documented reduction targets or climate pledges outlined for AXIS Reinsurance Company at this time. In the context of climate commitments, AXIS Capital Holdings Limited, as the source organisation, may have broader initiatives in place, but specific details regarding AXIS Reinsurance's individual commitments or performance are not provided. The absence of emissions data and reduction initiatives highlights a potential area for future development in their sustainability strategy.
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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 Reinsurance Company's Industry?
How Carbon Intensive is AXIS Reinsurance Company's Location?
AXIS Reinsurance Company'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 Reinsurance Company'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 Reinsurance Company 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.
