Convex Insurance

Convex Insurance, headquartered in Great Britain and operating within the insurance and pension funding services sector (excluding compulsory social security), has set a long-term commitment to achieve Net Zero by 2050, with a target year of 2022.

In 2022, Convex Insurance reported total carbon emissions of approximately 5.12 million kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were around 46,000 kg CO2e, while Scope 2 emissions (market-based) were approximately 140,000 kg CO2e. Scope 3 emissions, which include business travel and waste generated in operations, totalled approximately 4.96 million kg CO2e. The company also reported Scope 1 and 2 emissions combined at approximately 186,000 kg CO2e for 2022.

For the year 2021, Convex Insurance's total emissions were approximately 994,000 kg CO2e. Scope 1 emissions for that year were about 35,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 74,000 kg CO2e. Scope 3 emissions, primarily from business travel and waste, amounted to roughly 857,000 kg CO2e. The combined Scope 1 and 2 emissions for 2021 were approximately 109,000 kg CO2e.

Convex Insurance utilises emission intensity metrics, including emissions per FTE and an MSCI Carbon Emissions Intensity Score per unit of revenue, to monitor its environmental performance. The company's disclosures indicate that data for scope 3/purchased goods and services was missing for the reported years.