Convex Insurance Sustainability Profile
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.
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 Insurance's score of 35 is higher than 53% 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 Insurance's reported carbon emissions
In 2024, Convex Insurance reported total carbon emissions of approximately 2,710,000 kg CO2e, with Scope 2 emissions accounting for about 113,000 kg CO2e. This marks a slight decrease from 2023, where total emissions were approximately 2,735,000 kg CO2e, with Scope 2 emissions at about 120,000 kg CO2e. Convex Insurance has set a long-term commitment to achieve Net Zero emissions by 2050, starting from 2023. This ambitious target encompasses all scopes of emissions, reflecting the company's dedication to addressing climate change comprehensively. The company has disclosed emissions data for Scope 2, while Scope 1 and Scope 3 data are currently unavailable. In 2022, Convex Insurance reported a total of 186,000 kg CO2e for Scope 1 and 2 combined, with significant contributions from Scope 3 emissions, which were approximately 4,958,000 kg CO2e, primarily from business travel. Convex Insurance's climate commitments and emissions data demonstrate a proactive approach to sustainability, aligning with industry standards and expectations for corporate responsibility in mitigating climate impact.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 35,000 | 00,000 |
| Scope 2 | 74,000 | 000,000 |
| Scope 3 | 857,000 | 0,000,000 |
How Carbon Intensive is Convex Insurance's Industry?
How Carbon Intensive is Convex Insurance's Location?
Convex Insurance's Scope 3 Categories Breakdown
Convex Insurance's Scope 3 emissions, which increased by 479% last year and increased by approximately 479% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 100% of Scope 3 emissions.
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Convex Insurance'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.
Convex Insurance 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.
