Lancashire Holdings
Lancashire Holdings Limited, commonly referred to as Lancashire, is a prominent player in the global insurance and reinsurance industry, headquartered in London, GB. Founded in 2005, the company has established a strong presence in key operational regions, including the United States, Bermuda, and the UK. Specialising in property, marine, and energy insurance, Lancashire is known for its unique approach to underwriting, focusing on high-quality risks and providing tailored solutions. The company has achieved notable milestones, including a successful IPO and consistent profitability, positioning itself as a leader in the market. With a commitment to innovation and customer service, Lancashire Holdings continues to set itself apart in a competitive landscape, delivering exceptional value to its clients.
DitchCarbon Score
How does Lancashire Holdings'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 Insurance Services 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
Lancashire Holdings's score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lancashire Holdings's reported carbon emissions
In 2023, Lancashire Holdings, headquartered in Great Britain, reported total carbon emissions of approximately 2,642,800 kg CO2e. This figure includes Scope 1 emissions of about 101,600 kg CO2e, primarily from fugitive emissions (24,400 kg CO2e), and Scope 2 emissions of around 280,600 kg CO2e from purchased electricity. The majority of their emissions stem from Scope 3, with significant contributions from business travel (approximately 2,006,400 kg CO2e) and employee commuting (about 166,900 kg CO2e). Comparatively, in 2022, the company recorded total emissions of approximately 2,407,700 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at about 15,400 kg CO2e, Scope 2 at approximately 265,100 kg CO2e, and Scope 3 emissions significantly higher, particularly from business travel (around 1,348,000 kg CO2e) and employee commuting (about 515,800 kg CO2e). Lancashire Holdings has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. However, they are actively engaged in monitoring and reporting their emissions, as evidenced by their comprehensive disclosures across all three scopes. The company’s commitment to transparency in emissions reporting aligns with industry standards, although no specific reduction initiatives or targets have been documented. Overall, Lancashire Holdings is focused on understanding its carbon footprint while navigating the complexities of emissions across various scopes, with a clear need for future commitments to reduction strategies.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 67,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 253,500 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 150,700 | 000,000 | 0,000,000 | 0,000,000 |
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.
Lancashire Holdings 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.
