Conduit Holdings Sustainability Profile
Conduit Holdings Ltd, commonly referred to as Conduit, is a prominent player in the global reinsurance industry, headquartered in Bermuda (BM). Founded in 2020, the company has quickly established itself as a key provider of innovative reinsurance solutions, focusing on property and casualty lines. With a commitment to delivering tailored products and exceptional service, Conduit stands out through its use of advanced analytics and a client-centric approach. Operating primarily in Bermuda and expanding into key markets across North America and Europe, Conduit Holdings has achieved significant milestones in a short span, including a successful IPO. The company’s unique offerings, such as bespoke reinsurance contracts and a robust underwriting framework, position it favourably within the competitive landscape, making it a trusted partner for clients seeking reliable risk management solutions.
DitchCarbon Score
How does Conduit Holdings'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
Conduit Holdings's score of 28 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Conduit Holdings's reported carbon emissions
In 2024, Conduit Holdings reported total carbon emissions of approximately 588,400 kg CO2e, comprising 135,200 kg CO2e from Scope 2 and 453,200 kg CO2e from Scope 3 emissions. The Scope 2 emissions were entirely location-based, while the Scope 3 emissions included significant contributions from business travel (about 403,900 kg CO2e) and employee commuting (approximately 21,600 kg CO2e). Comparatively, in 2023, the total emissions were approximately 491,000 kg CO2e, with Scope 2 emissions at 122,900 kg CO2e and Scope 3 emissions at 368,100 kg CO2e. This indicates a rise in emissions from 2023 to 2024, primarily driven by increased Scope 3 emissions. Conduit Holdings has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company does not disclose any Scope 1 emissions data, which limits the overall understanding of its carbon footprint. Overall, while Conduit Holdings has made strides in reporting its emissions, the lack of reduction commitments highlights an area for potential improvement in its climate strategy.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 35,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 116,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Conduit Holdings's Industry?
How Carbon Intensive is Conduit Holdings's Location?
Conduit Holdings's Scope 3 Categories Breakdown
Conduit Holdings's Scope 3 emissions, which increased by 23% last year and increased by approximately 291% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" being the largest emissions source at 89% of Scope 3 emissions.
Top Scope 3 Categories
Conduit Holdings'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.
Conduit Holdings 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.
