Convex Re Limited Sustainability Profile
Convex Re Limited, often referred to simply as Convex, is a prominent player in the reinsurance industry, headquartered in Bermuda (BM). Founded in 2020, the company has quickly established itself as a leader in providing innovative reinsurance solutions across various sectors, including property, casualty, and specialty lines. With a focus on delivering tailored products and services, Convex stands out for its commitment to client-centric approaches and advanced risk management strategies. The firm has rapidly gained recognition for its robust underwriting capabilities and strong financial backing, positioning itself as a trusted partner in the global reinsurance market. As Convex continues to expand its operational footprint, it remains dedicated to leveraging cutting-edge technology and data analytics to enhance its offerings, ensuring it meets the evolving needs of its clients.
DitchCarbon Score
How does Convex Re Limited'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 Coal Tar Production 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 Re Limited's score of 19 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Convex Re Limited, headquartered in BM, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Convex Group Limited, which may influence its climate commitments and reporting practices. As of now, Convex Re Limited has not established any documented reduction targets or initiatives, nor does it participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). This lack of publicly available data suggests that the company may still be in the early stages of developing its climate strategy. Given the absence of specific emissions data and reduction commitments, it is essential for Convex Re Limited to enhance its transparency and set measurable targets to align with industry standards for climate action. This would not only improve its environmental impact but also strengthen its reputation in the increasingly eco-conscious market.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 Re Limited's Industry?
How Carbon Intensive is Convex Re Limited's Location?
Convex Re Limited's Scope 3 Categories Breakdown
Convex Re Limited'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.
Top Scope 3 Categories
Convex Re Limited'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 Re Limited 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.
