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Everest, officially known as Everest Re Group, Ltd., is a prominent player in the insurance and pension funding services sector, specifically focusing on non-compulsory social security services (66). Headquartered in Bermuda (BM), the company operates extensively across North America and Europe, providing a diverse range of insurance solutions.
Founded in 1995, Everest has achieved significant milestones, including its listing on the New York Stock Exchange. The company is renowned for its unique offerings in reinsurance and insurance, particularly in specialty lines, which set it apart in a competitive market. With a strong emphasis on innovation and risk management, Everest has established itself as a trusted partner for clients seeking comprehensive coverage and financial security. Its commitment to excellence has solidified its position as a leader in the industry, recognised for its robust financial strength and customer-centric approach.
-13 vs industry average
Everest’s score of 26 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Everest, headquartered in BM and operating in the Insurance and pension funding services sector, reported total carbon emissions of approximately 86,252,200 kg CO2e in 2023. Their disclosed emissions include Scope 2 and Scope 3 data.
In 2023, Scope 2 emissions from purchased electricity were approximately 1,771,300 kg CO2e. Scope 3 emissions in the same year totalled approximately 84,066,600 kg CO2e, with significant contributions from purchased goods and services (66,438,100 kg CO2e), business travel (9,022,000 kg CO2e), and employee commute (6,300,700 kg CO2e).
Looking back to 2022, Everest's total carbon emissions were approximately 45,834,800 kg CO2e. This included Scope 2 emissions of approximately 1,760,000 kg CO2e from purchased electricity and Scope 3 emissions of approximately 43,668,100 kg CO2e, largely driven by purchased goods and services (33,355,100 kg CO2e).
For 2021, Everest disclosed Scope 2 emissions of approximately 1,580,500 kg CO2e from purchased electricity and Scope 3 emissions from business travel of approximately 2,189,700 kg CO2e.
Everest's emissions data is directly reported by the organisation, with no cascading from a parent entity. While they have disclosed their emissions, no specific reduction targets or climate commitments, such as Science Based Targets Initiative (SBTi) targets or a Climate Pledge, are currently available.
No climate goals have been disclosed for Everest yet.
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