Spinnaker Insurance Company Sustainability Profile
Spinnaker Insurance Company, often referred to simply as Spinnaker, is a prominent player in the insurance industry, headquartered in the United States. Established in 2008, the company has rapidly expanded its operations across key regions, providing innovative insurance solutions tailored to meet diverse client needs. Specialising in property and casualty insurance, Spinnaker distinguishes itself through its commitment to customer service and comprehensive coverage options. The company offers a range of products, including commercial auto, general liability, and workers' compensation insurance, designed to protect businesses from unforeseen risks. With a strong market position, Spinnaker Insurance has garnered recognition for its robust underwriting practices and dedication to risk management. As it continues to grow, Spinnaker remains focused on delivering exceptional value and support to its clients, solidifying its reputation as a trusted insurance provider.
DitchCarbon Score
How does Spinnaker 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
Spinnaker Insurance Company's score of 25 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spinnaker Insurance Company's reported carbon emissions
Spinnaker Insurance Company, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Hippo Holdings Inc., which may influence its climate commitments and reporting practices. While Spinnaker Insurance Company has not set specific reduction targets or initiatives, it is important to note that it inherits its climate-related data and commitments from its parent company, Hippo Holdings Inc., at a cascade level of three. This relationship may provide a framework for future climate action and emissions reporting. As of now, Spinnaker Insurance Company has not publicly committed to any specific climate pledges or initiatives, nor does it report on any Science-Based Targets Initiative (SBTi) reduction targets. The absence of detailed emissions data and reduction initiatives suggests that the company may still be in the early stages of developing its climate strategy. In summary, while Spinnaker Insurance Company currently lacks specific emissions data and reduction commitments, its affiliation with Hippo Holdings Inc. may play a role in shaping its future climate actions and reporting.
How Carbon Intensive is Spinnaker Insurance Company's Industry?
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Spinnaker 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.
Spinnaker 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.
