Public Profile

Convex Insurance

Convex Insurance, a prominent player in the insurance industry, is headquartered in Great Britain and operates across key regions in Europe and North America. Founded in 2019, the company has quickly established itself as a leader in providing innovative insurance solutions, focusing on specialty lines and complex risks. With a diverse portfolio that includes property, casualty, and marine insurance, Convex Insurance distinguishes itself through its commitment to tailored coverage and exceptional client service. The firm has achieved significant milestones, including rapid growth and recognition for its robust underwriting capabilities. As a forward-thinking insurer, Convex Insurance is dedicated to leveraging technology and data analytics to enhance risk assessment and management, positioning itself as a trusted partner in the evolving insurance landscape.

DitchCarbon Score

How does Convex Insurance'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.

32

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.

2

Industry Benchmark

Convex Insurance's score of 32 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.

82%

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Convex Insurance's reported carbon emissions

In 2022, Convex Insurance reported total carbon emissions of approximately 5,000,000 kg CO2e. This figure includes 46,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 140,000 kg CO2e from Scope 2 emissions related to purchased electricity. The majority of their emissions, about 4,958,000 kg CO2e, fall under Scope 3, predominantly from business travel. Convex Insurance has set a significant climate commitment, aiming for Net Zero emissions by 2050. This long-term target encompasses all scopes of emissions, reflecting their dedication to addressing climate change comprehensively. The company is actively working towards this goal, starting from 2023, although specific interim reduction targets have not been disclosed. Overall, Convex Insurance's emissions data and climate commitments highlight their awareness of environmental impact and their strategic approach to achieving sustainability in the insurance sector.

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2022
Scope 1
46,000
Scope 2
140,000
Scope 3
4,958,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Convex Insurance's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Convex Insurance is in GB, which has a low grid carbon intensity relative to other regions.

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 Insurance 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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