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Public Profile
Financial Intermediation
CA
updated 19 days ago

Fairfax Financial

Company website

Fairfax Financial Holdings Limited, commonly referred to as Fairfax, is a prominent Canadian-based financial services company headquartered in Toronto, Ontario. Established in 1985, Fairfax has grown to become a leader in the insurance and investment sectors, with significant operations across North America, Europe, and Asia. The company primarily focuses on property and casualty insurance, reinsurance, and investment management, offering a diverse range of products tailored to meet the needs of its clients. Fairfax is renowned for its disciplined underwriting approach and strong capital management, which have positioned it favourably within the competitive financial landscape. With a commitment to long-term value creation, Fairfax has achieved notable milestones, including a robust market presence and a reputation for financial stability. Its unique blend of insurance expertise and investment acumen continues to drive its success in the global marketplace.

DitchCarbon Score

How does Fairfax Financial'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.

27

Industry Average

Mean score of companies in the Financial Intermediation 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.

39

Industry Benchmark

Fairfax Financial's score of 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.

51%

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Fairfax Financial's reported carbon emissions

Fairfax Financial, headquartered in California, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. However, the company has established a long-term commitment to achieving net zero emissions by 2050. This target encompasses its material financed emissions, which include emissions from both its insurance subsidiaries and significant direct equity holdings. The commitment is particularly focused on Scope 3 emissions, which are often the most challenging to manage due to their indirect nature. Fairfax's net zero target is part of a broader strategy to address climate change and aligns with industry standards for sustainability. The initiative reflects a growing recognition of the importance of reducing carbon footprints across all sectors, particularly in finance and insurance, where financed emissions can represent a substantial portion of overall impact. While specific reduction percentages have not been disclosed, the commitment to net zero by 2050 demonstrates Fairfax Financial's proactive approach to climate responsibility. The company is positioned to contribute positively to global climate goals, although further details on interim targets or specific reduction strategies would enhance transparency and accountability.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Fairfax Financial's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Fairfax Financial is in CA, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Fairfax Financial is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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