Beazley Insurance Company, Inc. Sustainability Profile
Beazley Insurance Company, Inc., commonly referred to as Beazley, is a prominent player in the global insurance industry, headquartered in the United States. Established in 1986, Beazley has built a strong reputation for its innovative approach to specialty insurance, particularly in areas such as cyber liability, professional indemnity, and healthcare. With major operational regions across North America, Europe, and Asia, Beazley offers a diverse range of core products and services that stand out for their tailored solutions and exceptional customer service. The company has achieved notable milestones, including recognition for its underwriting expertise and commitment to risk management. As a leader in the insurance market, Beazley continues to set benchmarks for excellence, making it a trusted choice for businesses seeking comprehensive coverage.
DitchCarbon Score
How does Beazley Insurance Company, Inc.'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
Beazley Insurance Company, Inc.'s score of 27 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Beazley Insurance Company, Inc.'s reported carbon emissions
In 2022, Beazley Insurance Company, Inc. reported total carbon emissions of approximately 5,283,000 kg CO2e globally. This figure includes 65,200 kg CO2e from Scope 1 emissions, 1,144,790 kg CO2e from Scope 2 emissions, and a significant 4,073,960 kg CO2e from Scope 3 emissions. In the US, the company recorded total emissions of about 1,666,480 kg CO2e, with Scope 2 emissions at 37,920 kg CO2e and Scope 3 emissions primarily from business travel, amounting to 1,618,990 kg CO2e. Beazley has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the insurance sector. The company’s emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. Overall, Beazley Insurance Company, Inc. demonstrates a substantial carbon footprint, particularly in Scope 3 emissions, highlighting the importance of addressing indirect emissions in their climate strategy.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 21,080 | 00,000 | 0,000 | 00,000 |
| Scope 2 | 2,010,840 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,735,910 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Beazley Insurance Company, Inc.'s Industry?
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Beazley Insurance Company, Inc.'s Scope 3 Categories Breakdown
Beazley Insurance Company, Inc.'s Scope 3 emissions, which increased by 157% last year and decreased by approximately 40% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the primary emissions source at 1% of Scope 3 emissions.
Top Scope 3 Categories
Beazley Insurance Company, Inc.'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.
Beazley Insurance Company, Inc. 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.
