Enstar Group Limited, commonly referred to as Enstar, is a prominent player in the global insurance and reinsurance industry, headquartered in Bermuda (BM). Founded in 2001, Enstar has established itself as a leader in the acquisition and management of insurance and reinsurance companies, with significant operations across North America, Europe, and Australia. The company specialises in providing innovative solutions in run-off management, reinsurance, and insurance-linked securities, setting itself apart with its unique approach to legacy liabilities. Enstar's strategic acquisitions and partnerships have solidified its market position, making it a trusted name in the sector. With a commitment to excellence and a robust portfolio of services, Enstar continues to achieve notable milestones, reinforcing its reputation as a key player in the insurance landscape.
How does Enstar'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.
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.
Enstar's score of 35 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Enstar reported total carbon emissions of approximately 14,308,240 kg CO2e. This figure includes 6,360 kg CO2e from Scope 1 emissions, 561,900 kg CO2e from Scope 2 emissions (market-based), and a significant 13,806,150 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 11,285,830 kg CO2e) and business travel (approximately 1,649,230 kg CO2e). Comparatively, in 2022, Enstar's total emissions were about 11,913,180 kg CO2e, with Scope 1 emissions at 8,850 kg CO2e, Scope 2 emissions (market-based) at 558,050 kg CO2e, and Scope 3 emissions reaching 11,407,410 kg CO2e. This indicates an increase in total emissions from 2022 to 2023. Enstar has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The company’s emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of Enstar's operations. Overall, while Enstar has made strides in transparency regarding its emissions, the absence of reduction commitments highlights an area for potential improvement in its climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 7,970 | 0,000 | 0,000 |
| Scope 2 | 822,570 | 000,000 | 000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 |
Enstar's Scope 3 emissions, which increased by 21% last year and increased by approximately 21% since 2022, 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 "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
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.
Enstar 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.
