Platinum Underwriters Holdings, Ltd. Sustainability Profile
Platinum Underwriters Holdings, Ltd., commonly referred to as Platinum Underwriters, is a prominent player in the reinsurance industry, headquartered in Bermuda (BM). Founded in 2002, the company has established itself as a leader in providing innovative reinsurance solutions across various sectors, including property, casualty, and specialty lines. With a strong operational presence in key markets worldwide, Platinum Underwriters is recognised for its commitment to delivering tailored products and exceptional service. The company’s core offerings include property catastrophe reinsurance and casualty reinsurance, distinguished by their flexibility and responsiveness to client needs. Notable achievements include a robust financial standing and a reputation for reliability, positioning Platinum Underwriters as a trusted partner in the global reinsurance landscape.
DitchCarbon Score
How does Platinum Underwriters 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
Platinum Underwriters Holdings, Ltd.'s score of 22 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Platinum Underwriters 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 part of a corporate family that includes RenaissanceRe Holdings Ltd., from which it inherits emissions data and climate performance metrics. As of now, there are no documented reduction targets or climate pledges directly associated with Platinum Underwriters Holdings, Ltd. However, it is important to note that the company's climate commitments and initiatives may be influenced by the broader sustainability strategies of RenaissanceRe Holdings Ltd., which operates at a cascade level of 1 in this context. In summary, while Platinum Underwriters Holdings, Ltd. does not provide specific emissions data or reduction targets, its climate commitments may align with those of its parent company, RenaissanceRe Holdings Ltd. Further details on emissions and climate strategies would require additional information from the parent organization.
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| 2019 | |
|---|---|
| Scope 1 | 63,000 |
| Scope 2 | 1,267,000 |
| Scope 3 | 9,465,000 |
How Carbon Intensive is Platinum Underwriters Holdings, Ltd.'s Industry?
How Carbon Intensive is Platinum Underwriters Holdings, Ltd.'s Location?
Platinum Underwriters Holdings, Ltd.'s Scope 3 Categories Breakdown
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" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Platinum Underwriters 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.
Platinum Underwriters 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.
