Republic Mortgage Insurance Company Sustainability Profile
Republic Mortgage Insurance Company (RMIC), headquartered in the United States, is a prominent player in the mortgage insurance industry. Founded in 1977, RMIC has established itself as a trusted provider of mortgage insurance solutions, primarily serving the residential lending market across various regions in the US. Specialising in private mortgage insurance (PMI), RMIC offers unique products designed to facilitate homeownership by protecting lenders against borrower default. Their innovative approach to risk management and customer service has positioned them as a reliable partner for lenders and borrowers alike. With a commitment to excellence, RMIC has achieved significant milestones, including a strong market presence and a reputation for financial stability. Their dedication to providing tailored insurance solutions continues to set them apart in the competitive landscape of mortgage insurance.
DitchCarbon Score
How does Republic Mortgage 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
Republic Mortgage Insurance Company's score of 57 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, Republic Mortgage Insurance Company does not report specific carbon emissions figures. However, the company is part of a corporate family that includes Arch Capital Group Ltd., from which it inherits emissions data. This relationship indicates that any climate commitments or emissions performance may be influenced by Arch Capital's sustainability initiatives. Currently, there are no documented reduction targets or climate pledges specific to Republic Mortgage Insurance Company. The absence of specific emissions data suggests that the company may be in the early stages of developing its climate strategy or reporting framework. In the broader context, the insurance industry is increasingly focusing on sustainability and carbon reduction, with many companies setting Science-Based Targets Initiative (SBTi) goals to align with global climate objectives. As a merged entity, Republic Mortgage Insurance Company may benefit from the sustainability practices and targets established by its parent company, Arch Capital Group Ltd., which is committed to enhancing its environmental performance. Overall, while specific emissions data and reduction targets for Republic Mortgage Insurance Company are not available, its affiliation with Arch Capital Group Ltd. positions it within a framework of corporate responsibility and potential future climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,008,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,775,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 8,876,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Republic Mortgage Insurance Company's Industry?
How Carbon Intensive is Republic Mortgage Insurance Company's Location?
Republic Mortgage Insurance Company's Scope 3 Categories Breakdown
Republic Mortgage Insurance Company's Scope 3 emissions, which increased by 2% last year and increased by approximately 798% since 2019, demonstrating supply chain emissions tracking. 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 "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.
Top Scope 3 Categories
Republic Mortgage 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.
Republic Mortgage 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.
