Philadelphia Consolidated Holding Corp. Sustainability Profile
Philadelphia Consolidated Holding Corp., commonly known as Philadelphia Insurance Companies (PHLY), is a prominent player in the insurance industry, headquartered in the United States. Founded in 1962, the company has established a strong presence across various operational regions, providing specialised insurance solutions primarily for niche markets. PHLY is renowned for its comprehensive range of products, including commercial property and casualty insurance, professional liability, and risk management services. What sets Philadelphia Insurance Companies apart is its commitment to tailored coverage and exceptional customer service, ensuring clients receive personalised solutions that meet their unique needs. With a solid market position, Philadelphia Consolidated Holding Corp. has achieved notable milestones, including consistent growth and recognition for its innovative approach to insurance. As a trusted partner for businesses, PHLY continues to lead in delivering quality insurance products that empower clients to thrive in their respective industries.
DitchCarbon Score
How does Philadelphia Consolidated Holding Corp.'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
Philadelphia Consolidated Holding Corp.'s score of 82 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Philadelphia Consolidated Holding Corp., headquartered in the US, currently does not have specific carbon emissions data available for recent years, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of Tokio Marine Holdings, Inc., and any climate commitments or emissions data may be inherited from this parent organisation. As part of its climate strategy, Philadelphia Consolidated Holding Corp. aligns with initiatives from Tokio Marine Holdings, which operates under various frameworks such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, specific reduction targets or achievements have not been disclosed for Philadelphia Consolidated Holding Corp. itself. Given the lack of direct emissions data and reduction targets, it is essential to note that the company's climate commitments may reflect broader goals set by Tokio Marine Holdings, which could include industry-standard practices aimed at reducing carbon footprints and enhancing sustainability.
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| 2010 | 2011 | 2012 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 17,231,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 52,147,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 4,314,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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Philadelphia Consolidated Holding Corp.'s Scope 3 Categories Breakdown
Philadelphia Consolidated Holding Corp.'s Scope 3 emissions, which increased by 7% last year and increased by approximately 538% since 2010, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 39% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 34% of Scope 3 emissions.
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Philadelphia Consolidated Holding Corp.'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.
Philadelphia Consolidated Holding Corp. 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.
