Fairfax Financial Sustainability Profile
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 30 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Fairfax Financial's reported carbon emissions
In 2024, Fairfax Financial reported total carbon emissions of approximately 104,745,000 kg CO2e, a slight decrease from about 110,752,000 kg CO2e in 2023. The emissions breakdown for 2024 includes about 14,163,000 kg CO2e from Scope 1 and approximately 90,583,000 kg CO2e from Scope 2. Notably, no Scope 3 emissions data was disclosed. Fairfax Financial has set a long-term commitment to achieve net zero emissions by 2050, which encompasses its material financed emissions, including those from its insurance subsidiaries and significant direct equity holdings. This target was established in 2023, reflecting the company's proactive approach to climate responsibility. The emissions data is sourced directly from Fairfax Financial Holdings Limited, with no cascading from a parent or related organization. The company continues to focus on reducing its carbon footprint while aligning with industry standards for climate action.
How Carbon Intensive is Fairfax Financial's Industry?
How Carbon Intensive is Fairfax Financial's Location?
Fairfax Financial's Climate Goals (2030 & 2050)
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.
Fairfax Financial 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.
