Beazley

Beazley's reported carbon emissions

Beazley, a UK-based insurance and pension funding services company, reported a total of approximately 18.4 billion kg CO2e in Scope 1, 2, and 3 emissions for the year 2024. This figure is comprised of approximately 7540 kg CO2e in Scope 1 emissions and approximately 609,220 kg CO2e in Scope 2 emissions (market-based). Scope 3 emissions accounted for the majority, with approximately 11.6 billion kg CO2e, primarily driven by business travel (approximately 5.6 billion kg CO2e) and employee commuting (approximately 61,940 kg CO2e). In 2023, Beazley's total emissions were approximately 18.8 billion kg CO2e, with Scope 1 at approximately 2,130 kg CO2e and Scope 2 at approximately 618,670 kg CO2e (market-based). Scope 3 emissions were approximately 12.1 billion kg CO2e. Looking further back, in 2021, the company's total emissions were approximately 6.6 billion kg CO2e, including approximately 8,230 kg CO2e for Scope 1 and approximately 1.2 billion kg CO2e for Scope 2 (location-based). Scope 3 emissions for 2021 totalled approximately 863,940 kg CO2e. In 2019, total emissions were approximately 11.5 billion kg CO2e, with Scope 1 at approximately 21,080 kg CO2e, Scope 2 at approximately 1.7 billion kg CO2e (location-based), and Scope 3 at approximately 6.7 billion kg CO2e. Beazley's emissions data does not currently include figures for purchased goods and services within Scope 3. Beazley's climate commitments and reduction targets are not explicitly detailed within the provided information. However, the company has disclosed its emissions data, indicating a commitment to transparency regarding its environmental impact within the insurance sector.