The Innovation Group Limited Sustainability Profile
The Innovation Group Limited, often referred to simply as Innovation Group, is a leading provider of technology solutions based in Great Britain. Founded in 1998, the company has established a strong presence in the insurance and automotive industries, offering a range of services that enhance operational efficiency and customer experience. With headquarters in GB and operations extending across Europe and North America, Innovation Group is renowned for its unique blend of software and consultancy services. Their core offerings include claims management, policy administration, and digital transformation solutions, all designed to streamline processes and drive innovation. Recognised for its commitment to excellence, Innovation Group has achieved significant milestones, positioning itself as a trusted partner for businesses seeking to navigate the complexities of the modern marketplace.
DitchCarbon Score
How does The Innovation Group Limited'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 Computer 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
The Innovation Group Limited's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Innovation Group Limited, headquartered in Great Britain, has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2040. Although specific carbon emissions data is not available, the company has established significant reduction targets through the Science Based Targets initiative (SBTi). For the near term, The Innovation Group Limited commits to reducing absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the baseline year. Additionally, the company aims to cut absolute Scope 3 emissions by 25% within the same timeframe. Looking towards the long term, the company has set a target to achieve a 90% reduction in absolute Scope 1 and Scope 2 emissions by 2040, as well as a 90% reduction in absolute Scope 3 emissions. These targets are aligned with the 1.5°C climate goal, demonstrating the company's commitment to sustainable practices and climate responsibility. The Innovation Group Limited's initiatives are cascaded from its parent organization, Allianz SE, reflecting a broader corporate strategy towards environmental sustainability.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 51,838,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 167,888,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 159,719,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
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The Innovation Group Limited's Scope 3 Categories Breakdown
The Innovation Group Limited's Scope 3 emissions, which increased by 6% last year and decreased by approximately 36% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 54% of Scope 3 emissions.
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The Innovation Group Limited'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.
The Innovation Group Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
