The United Kingdom Mutual Steam Ship Assurance Association Limited Sustainability Profile
The United Kingdom Mutual Steam Ship Assurance Association Limited, commonly referred to as UK Mutual, is a prominent player in the marine insurance industry, headquartered in Great Britain. Established in the 19th century, UK Mutual has a rich history of providing comprehensive protection for shipowners and operators, with a focus on mutual insurance solutions. Operating primarily in the maritime sector, UK Mutual offers a range of core services, including protection and indemnity (P&I) insurance, which is tailored to meet the unique needs of its members. The association is renowned for its commitment to member-centric service and financial stability, positioning itself as a trusted partner in the marine insurance landscape. With a strong presence in key operational regions, UK Mutual has achieved notable milestones, reinforcing its reputation as a leader in the industry. Its dedication to innovation and risk management continues to set it apart in a competitive market.
DitchCarbon Score
How does The United Kingdom Mutual Steam Ship Assurance Association 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 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
The United Kingdom Mutual Steam Ship Assurance Association Limited's score of 33 is higher 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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The United Kingdom Mutual Steam Ship Assurance Association Limited's reported carbon emissions
In 2023, The United Kingdom Mutual Steam Ship Assurance Association Limited reported total carbon emissions of approximately 416,660 kg CO2e. This figure includes 92,570 kg CO2e from Scope 1 emissions, 13,440 kg CO2e from Scope 2 emissions, and a significant 478,200 kg CO2e from Scope 3 emissions, which encompasses business travel (229,500 kg CO2e), employee commuting (44,000 kg CO2e), and waste generated in operations (300 kg CO2e). Comparatively, the total emissions for 2022 were the same at 416,660 kg CO2e, with similar distributions across the scopes. In 2021, total emissions were higher at 600,090 kg CO2e, indicating a potential stabilisation in emissions levels over the past two years. Currently, The United Kingdom Mutual Steam Ship Assurance Association Limited has not set specific reduction targets or climate pledges, nor does it inherit emissions data from a parent organisation. The absence of documented reduction initiatives suggests a need for further commitment to climate action within the industry context.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 93,090 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 28,800 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 478,200 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is The United Kingdom Mutual Steam Ship Assurance Association Limited's Industry?
How Carbon Intensive is The United Kingdom Mutual Steam Ship Assurance Association Limited's Location?
The United Kingdom Mutual Steam Ship Assurance Association Limited's Scope 3 Categories Breakdown
The United Kingdom Mutual Steam Ship Assurance Association Limited's Scope 3 emissions, which increased by 0% last year and increased by approximately 0% 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 "Business Travel" being the largest emissions source at 48% of Scope 3 emissions.
Top Scope 3 Categories
The United Kingdom Mutual Steam Ship Assurance Association 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 United Kingdom Mutual Steam Ship Assurance Association Limited 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.
