Everest

Everest's Carbon Emissions and Climate Commitments

In 2023, Everest, headquartered in BM and operating in the insurance and pension funding services sector, reported total carbon emissions of approximately 86.3 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Of this total, Scope 3 emissions accounted for approximately 84.1 billion kg CO2e, with purchased goods and services representing the largest component at about 66.4 billion kg CO2e. Scope 2 emissions were approximately 2.2 billion kg CO2e, primarily from purchased electricity.

For the year 2022, Everest's total emissions were approximately 45.8 billion kg CO2e. Scope 3 emissions constituted about 43.7 billion kg CO2e, with purchased goods and services as the significant driver at approximately 33.4 billion kg CO2e. Scope 2 emissions were around 2.2 billion kg CO2e.

In 2021, Everest disclosed Scope 2 emissions of approximately 1.7 billion kg CO2e and Scope 3 emissions related to business travel of approximately 2.2 billion kg CO2e. The company noted that data for purchased goods and services within Scope 3 was missing for this reporting year.

Everest's climate commitments are primarily outlined in its corporate responsibility reports. While specific quantitative reduction targets and participation in initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge are not detailed in the provided data, the company has disclosed its emissions data, indicating a commitment to transparency in its environmental performance. The company's sustainability efforts are integrated within its overall corporate responsibility strategy.