Chubb Corporation Sustainability Profile
Chubb Corporation, a leading global provider of insurance products and services, is headquartered in the United States. Founded in 1882, Chubb has established a strong presence in key operational regions, including North America, Europe, and Asia-Pacific. The company operates primarily in the property and casualty insurance sector, offering a diverse range of solutions tailored to both individual and commercial clients. Chubb's core offerings include specialty insurance, personal insurance, and commercial insurance, distinguished by their commitment to exceptional service and innovative risk management. With a reputation for financial strength and stability, Chubb consistently ranks among the top insurers worldwide, recognised for its robust underwriting practices and customer-centric approach. The company’s notable achievements include its extensive global reach and a strong market position, making it a trusted name in the insurance industry.
DitchCarbon Score
How does Chubb Corporation'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
Chubb Corporation's score of 51 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chubb Corporation, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The company is a current subsidiary of Chubb Limited, which may influence its climate commitments and reporting practices. Chubb Corporation's climate initiatives and reduction targets are not explicitly outlined in the available data. However, emissions data and performance metrics are cascaded from its parent company, Chubb Limited, at a cascade level of three. This means that any climate commitments or emissions reductions may align with broader strategies implemented by Chubb Limited. As of now, there are no specific science-based targets (SBTi) or documented reduction initiatives reported for Chubb Corporation. The company appears to be in the early stages of formalising its climate commitments, reflecting a common trend in the insurance industry where many firms are beginning to address climate change impacts and set reduction goals. In summary, while Chubb Corporation does not currently report specific emissions data or reduction targets, it is part of a larger corporate structure that may influence its future climate strategies.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Chubb Corporation's Industry?
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Chubb Corporation's Scope 3 Categories Breakdown
Chubb Corporation's Scope 3 emissions, which increased by 143% last year and increased by approximately 13% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Chubb Corporation'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.
Chubb Corporation 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.
