Montpelier Re Holdings Ltd. Sustainability Profile
Montpelier Re Holdings Ltd., commonly referred to as Montpelier Re, is a prominent player in the reinsurance industry, headquartered in Bermuda (BM). Founded in 2001, the company has established itself as a key provider of property and casualty reinsurance solutions, catering to clients across various global markets. Montpelier Re is renowned for its innovative approach to risk management and its commitment to delivering tailored reinsurance products. The firm focuses on areas such as catastrophe reinsurance and specialty lines, setting itself apart through its robust underwriting expertise and advanced analytics. With a strong market position, Montpelier Re has achieved notable milestones, including strategic partnerships and a reputation for financial stability. As a trusted name in the reinsurance sector, the company continues to adapt to evolving market demands while maintaining its dedication to client service and risk mitigation.
DitchCarbon Score
How does Montpelier Re Holdings Ltd.'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
Montpelier Re Holdings Ltd.'s score of 46 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Montpelier Re Holdings Ltd., headquartered in Bermuda (BM), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Sompo Holdings, Inc., which influences its climate commitments and initiatives. As part of its corporate family, Montpelier Re Holdings Ltd. inherits climate-related targets and initiatives from Sompo Holdings, Inc. This includes commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP), both of which are cascaded down from Sompo Holdings at a third-level relationship. However, specific reduction targets or achievements have not been disclosed for Montpelier Re Holdings Ltd. itself. In the context of the insurance and reinsurance industry, companies are increasingly focusing on sustainability and climate resilience. While Montpelier Re Holdings Ltd. has not specified its own emissions or reduction targets, its affiliation with Sompo Holdings suggests a commitment to broader climate initiatives and responsible environmental practices.
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| 2020 | |
|---|---|
| Scope 1 | 23,608,000 |
| Scope 2 | 141,354,000 |
| Scope 3 | 76,985,000 |
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Montpelier Re Holdings Ltd.'s Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Business Travel" being the primary emissions source at 8% of Scope 3 emissions.
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Montpelier Re Holdings Ltd.'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.
Montpelier Re Holdings Ltd. 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.
