Fairfax Financial
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.
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.
Industry Benchmark
Fairfax Financial's score of 27 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fairfax Financial's reported carbon emissions
Fairfax Financial, headquartered in California, has not publicly disclosed specific carbon emissions data for the most recent year. However, the company has set ambitious climate commitments aimed at 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, as they include indirect emissions from the value chain. Fairfax's long-term strategy reflects a growing recognition of the importance of addressing climate change within the financial sector. While specific reduction targets in terms of percentage have not been outlined, the commitment to net zero by 2050 indicates a proactive approach to mitigating climate impact. As the industry increasingly prioritises sustainability, Fairfax Financial's initiatives align with broader trends towards responsible investment and environmental stewardship.
Industry emissions intensity
Location emissions intensity
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.
