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 95% 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) for Scope 1 and 2 emissions. This represents a reduction from 12,170 kg CO2e per FTE in 2022, indicating a positive trend in their carbon management efforts. In 2020, the company recorded carbon emissions of about 2,200 kg CO2e per employee, although this figure does not specify the scope of emissions. Despite these figures, Convex has not disclosed specific targets for emissions reduction or any commitments to the Science Based Targets initiative (SBTi). The absence of detailed Scope 1, 2, and 3 emissions data suggests that while the company is tracking its carbon footprint, it may not yet have established comprehensive reduction initiatives or climate pledges. Overall, Convex's commitment to reducing its carbon emissions is evident through its decreasing emission intensity, but further transparency regarding specific reduction targets and broader emissions data would enhance its climate accountability.
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.
