Convex
Convex, officially known as Convex Insurance, is a prominent player in the global insurance industry, headquartered in Bermuda (BM). Founded in 2020, the company has quickly established itself as a leader in specialty insurance and reinsurance, focusing on innovative solutions tailored to complex risks. With a strong operational presence across North America, Europe, and Asia, Convex offers a diverse range of products, including property, casualty, and marine insurance. What sets Convex apart is its commitment to leveraging advanced technology and data analytics, enabling more efficient underwriting and risk assessment. The company has achieved significant milestones in a short span, including rapid growth in its client base and recognition for its customer-centric approach. As a result, Convex has positioned itself as a trusted partner in the insurance market, known for its agility and expertise in navigating evolving industry challenges.
DitchCarbon Score
How does Convex'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
Convex's score of 17 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Convex's reported carbon emissions
In 2023, Convex reported an emission intensity of approximately 11,180 kg CO2e per full-time equivalent (FTE) under Scope 1 and 2 emissions. This marks a reduction from 2022, where the emission intensity was about 12,170 kg CO2e per FTE. The data indicates a commitment to reducing carbon emissions, although specific reduction targets or initiatives have not been disclosed. For 2020, Convex's carbon emissions per employee were reported at about 2,200 kg CO2e, but the scope of these emissions is not specified. The company has not provided detailed data on Scope 1, 2, or 3 emissions, nor has it cascaded emissions data from a parent organization. Convex has not set any formal reduction targets or climate pledges, indicating a potential area for future commitment. The absence of specific climate initiatives suggests that while the company is tracking its emissions, it may need to enhance its climate strategy to align with industry standards.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Convex is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
