Psc Insurance Sustainability Profile
PSC Insurance Group, commonly referred to as PSC Insurance, is a prominent player in the Australian insurance industry, headquartered in Melbourne, Australia. Established in 2015, the company has rapidly expanded its footprint across major operational regions, providing a diverse range of insurance solutions tailored to meet the needs of businesses and individuals alike. Specialising in insurance broking and risk management, PSC Insurance distinguishes itself through its commitment to personalised service and innovative solutions. The company has achieved significant milestones, including strategic acquisitions that have bolstered its market position and broadened its service offerings. With a focus on delivering exceptional value and expertise, PSC Insurance continues to solidify its reputation as a trusted partner in the insurance landscape.
DitchCarbon Score
How does Psc Insurance'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
Psc Insurance's score of 31 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Psc Insurance's reported carbon emissions
In 2024, PSC Insurance reported total carbon emissions of approximately 2,562,000 kg CO2e. This figure includes Scope 1 emissions of about 250,000 kg CO2e, comprising 144,000 kg CO2e from mobile combustion and 106,000 kg CO2e from stationary combustion. Scope 2 emissions, primarily from purchased electricity, accounted for around 817,000 kg CO2e. Notably, Scope 3 emissions, which include business travel and upstream transportation and distribution, were significant at approximately 1,495,000 kg CO2e. For the year 2023, PSC Insurance's emissions in Australia were reported at about 756,000 kg CO2e for Scope 1 and 2 combined. In the same year, the global total emissions were approximately 2,061,000 kg CO2e, with Scope 1 emissions at about 1,034,000 kg CO2e, Scope 2 emissions at 788,000 kg CO2e, and Scope 3 emissions reaching approximately 1,027,000 kg CO2e. Despite these figures, PSC Insurance has not set specific reduction targets or initiatives as part of their climate commitments. The emissions data is cascaded from their parent company, PSC Insurance Group Limited, reflecting their current subsidiary status. The company is actively engaged in monitoring and reporting its carbon footprint but has yet to establish formal reduction initiatives or targets.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 586,000 | 000,000 | 0,000,000 | 000,000 |
| Scope 2 | 586,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 37,000 | 000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Psc Insurance's Industry?
How Carbon Intensive is Psc Insurance's Location?
Psc Insurance's Scope 3 Categories Breakdown
Psc Insurance's Scope 3 emissions, which increased by 46% last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 58% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Psc Insurance'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.
Psc Insurance 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.
