SiriusPoint Ltd. Sustainability Profile
SiriusPoint Ltd., headquartered in Bermuda (BM), is a prominent player in the global insurance and reinsurance industry. Founded in 2020, the company has quickly established itself as a leader in providing innovative risk solutions across various sectors, including property, casualty, and specialty lines. With a focus on leveraging advanced technology and data analytics, SiriusPoint offers unique products and services that cater to the evolving needs of clients worldwide. The firm operates extensively in key markets such as North America, Europe, and Asia, positioning itself as a trusted partner in risk management. Notable achievements include a robust financial foundation and a commitment to sustainable practices, which have solidified SiriusPoint's reputation as a forward-thinking entity in the insurance landscape.
DitchCarbon Score
How does SiriusPoint 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
SiriusPoint Ltd.'s score of 31 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SiriusPoint Ltd.'s reported carbon emissions
In 2024, SiriusPoint Ltd. reported total carbon emissions of approximately 1,403,900 kg CO2e. This includes Scope 1 emissions of about 4,700 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 365,600 kg CO2e, based on location. The company also disclosed significant Scope 3 emissions, totalling around 2,997,887 kg CO2e, with notable contributions from business travel (about 201,502 kg CO2e) and employee commuting (approximately 703,609 kg CO2e). SiriusPoint has set ambitious reduction targets, aiming for an overall carbon footprint reduction of over 80% for both Scope 1 and Scope 2 emissions by 2025. This commitment reflects their long-term strategy to achieve carbon neutrality in these scopes by 2050, as outlined in their recent ESG report. The company is focused on insuring clients with documented plans for low carbon intensity, reinforcing their commitment to sustainability. The emissions data is not cascaded from any parent organization, indicating that SiriusPoint Ltd. independently reports its carbon footprint and climate commitments.
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| 2021 | 2024 | |
|---|---|---|
| Scope 1 | 149,900 | 0,000 |
| Scope 2 | 305,900 | 000,000 |
| Scope 3 | - | 0,000,000.00 |
How Carbon Intensive is SiriusPoint Ltd.'s Industry?
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SiriusPoint 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 "Employee Commuting" being the largest emissions source at 23% of Scope 3 emissions.
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SiriusPoint 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.
SiriusPoint 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.
