Palomar Specialty Insurance Company Sustainability Profile
Palomar Specialty Insurance Company, often referred to simply as Palomar, is a leading provider of specialty insurance solutions headquartered in the United States. Established in 2014, the company has rapidly expanded its operations across key regions, focusing on innovative coverage options in the property and casualty insurance sectors. Palomar is renowned for its unique offerings in earthquake and flood insurance, catering to the specific needs of homeowners and businesses in high-risk areas. The company’s commitment to leveraging advanced technology and data analytics sets it apart in the competitive insurance landscape. With a strong market position, Palomar has achieved significant milestones, including rapid growth in policyholder numbers and recognition for its customer-centric approach. As a trusted name in specialty insurance, Palomar continues to redefine industry standards while providing peace of mind to its clients.
DitchCarbon Score
How does Palomar Specialty Insurance Company'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
Palomar Specialty Insurance Company's score of 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Palomar Specialty Insurance Company's reported carbon emissions
In 2024, Palomar Specialty Insurance Company reported total carbon emissions of approximately 14,387,000 kg CO2e. This figure includes Scope 1 emissions of about 97,000 kg CO2e, Scope 2 emissions of around 52,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled approximately 14,238,000 kg CO2e. The previous year, 2023, the company recorded total emissions of about 14,305,000 kg CO2e, with Scope 1 at approximately 98,000 kg CO2e, Scope 2 at around 45,600 kg CO2e, and Scope 3 emissions at about 14,161,000 kg CO2e. Despite these substantial emissions figures, Palomar Specialty Insurance Company has not set specific reduction targets or initiatives as part of their climate commitments. The emissions data is cascaded from their parent company, Palomar Holdings, Inc., indicating a corporate family relationship that influences their reporting. Overall, while Palomar Specialty Insurance Company has disclosed comprehensive emissions data, it currently lacks defined reduction strategies or commitments to mitigate its carbon footprint.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 98,000 | 00,000 |
| Scope 2 | 45,600 | 00,000 |
| Scope 3 | 14,161,000 | 00,000,000 |
How Carbon Intensive is Palomar Specialty Insurance Company's Industry?
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Palomar Specialty Insurance Company'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.
Palomar Specialty Insurance Company 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.
