Colony Specialty Insurance Company Sustainability Profile
Colony Specialty Insurance Company, a prominent player in the insurance sector, is headquartered in the United States and operates extensively across various regions. Founded in 2013, the company has quickly established itself within the specialty insurance market, focusing on providing tailored solutions for complex risks. Colony Specialty offers a diverse range of products, including professional liability, environmental liability, and excess and surplus lines insurance. What sets them apart is their commitment to understanding unique client needs, ensuring bespoke coverage that addresses specific industry challenges. With a strong market position, Colony Specialty has achieved notable milestones, including recognition for its innovative underwriting practices and exceptional customer service. As a trusted partner for businesses seeking specialised insurance solutions, Colony Specialty continues to enhance its reputation in the industry.
DitchCarbon Score
How does Colony Specialty Insurance 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
Colony Specialty Insurance Company's score of 29 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Colony Specialty Insurance Company, headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of Argo Group International Holdings, Inc., which may influence its climate commitments and reporting practices. While Colony Specialty Insurance Company has not established specific reduction targets or climate pledges, it is important to note that emissions data and performance metrics may be inherited from its parent company, Argo Group International Holdings, Inc. This relationship suggests that any climate initiatives or commitments may align with those of Argo Group, which has its own sustainability strategies. As of now, Colony Specialty Insurance Company has not disclosed any significant reduction initiatives or targets, indicating a potential area for future development in their climate strategy. The absence of specific emissions data and reduction commitments highlights the need for enhanced transparency and accountability in their environmental impact reporting.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 000,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 124,100 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 |
| Scope 3 | - | - | - | - | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
How Carbon Intensive is Colony Specialty Insurance Company's Industry?
How Carbon Intensive is Colony Specialty Insurance Company's Location?
Colony Specialty Insurance Company's Scope 3 Categories Breakdown
Colony Specialty Insurance Company's Scope 3 emissions, which decreased by 50% last year and decreased by approximately 97% 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 68% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 55% of Scope 3 emissions.
Top Scope 3 Categories
Colony Specialty Insurance 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.
Colony Specialty Insurance 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.
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