Lancashire Holdings Sustainability Profile
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 43 is higher than 61% 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 stationary combustion (77,200 kg CO2e) and fugitive emissions (24,400 kg CO2e). Scope 2 emissions, attributed to purchased electricity, amounted to around 280,600 kg CO2e. The majority of their emissions stem from Scope 3, with business travel contributing approximately 2,006,400 kg CO2e, followed by employee commuting at about 166,900 kg CO2e. Lancashire Holdings has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in the Science Based Targets initiative (SBTi). The company has not disclosed any significant climate pledges or reduction initiatives, indicating a potential area for future development in their sustainability strategy. The emissions data reflects a comprehensive approach to tracking carbon outputs across all relevant scopes, demonstrating transparency in their environmental impact reporting.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 60,100 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 319,900 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Lancashire Holdings's Industry?
How Carbon Intensive is Lancashire Holdings's Location?
Lancashire Holdings's Scope 3 Categories Breakdown
Lancashire Holdings's Scope 3 emissions, which increased by 14% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 89% of Scope 3 emissions.
Top Scope 3 Categories
Lancashire Holdings'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.
Lancashire Holdings 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.
