Peak Re
Peak Re, officially known as Peak Reinsurance Company Limited, is a prominent player in the reinsurance industry, headquartered in Hong Kong. Founded in 2012, the company has rapidly established itself as a key provider of innovative reinsurance solutions across Asia and beyond, focusing on both traditional and non-traditional reinsurance products. With a commitment to delivering tailored services, Peak Re offers a range of core products, including property and casualty reinsurance, life reinsurance, and specialty lines. Their unique approach combines deep market insights with advanced analytics, enabling clients to navigate complex risks effectively. Recognised for its strong market position, Peak Re has achieved significant milestones, including rapid growth in premium volume and a robust client base. The company continues to enhance its reputation as a trusted partner in the reinsurance sector, dedicated to fostering resilience and sustainability in the insurance landscape.
DitchCarbon Score
How does Peak Re'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
Peak Re's score of 23 is lower than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Peak Re's reported carbon emissions
In 2023, Peak Re reported total carbon emissions of approximately 2,160 kg CO2e, with emissions distributed across different scopes. Specifically, Scope 1 emissions were recorded at 0 kg CO2e, indicating no direct emissions from owned or controlled sources. Scope 2 emissions, which pertain to indirect emissions from purchased electricity, amounted to about 810 kg CO2e. The most significant contribution came from Scope 3 emissions, totalling approximately 1,350 kg CO2e, primarily driven by purchased goods and services, which accounted for a substantial 8,375,000 kg CO2e. Despite the detailed emissions reporting, Peak Re has not established specific reduction targets or climate pledges as part of their sustainability initiatives. This lack of formal commitments may reflect a broader industry context where many organisations are still developing comprehensive climate strategies. As a company headquartered in Hong Kong, Peak Re's emissions data highlights the importance of addressing both direct and indirect emissions in their climate commitments moving forward.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 810 |
| Scope 3 | 1,350 |
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.
Peak Re is not committed to any reduction initiatives 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.
