Validus Reinsurance, Ltd. Sustainability Profile
Validus Reinsurance, Ltd., commonly referred to as Validus Re, is a prominent player in the global reinsurance industry, headquartered in Bermuda (BM). Founded in 2005, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Specialising in property, casualty, and specialty reinsurance, Validus Re is recognised for its innovative approach and tailored solutions that meet the diverse needs of its clients. With a commitment to excellence, Validus Re has achieved significant milestones, including rapid growth and strategic partnerships that enhance its market position. The company’s core offerings, which include reinsurance and risk management services, are distinguished by their flexibility and responsiveness to market demands. Validus Re continues to solidify its reputation as a trusted reinsurance provider, known for its financial strength and industry expertise.
DitchCarbon Score
How does Validus Reinsurance, 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 Real Estate 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
Validus Reinsurance, Ltd.'s score of 17 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Validus Reinsurance, Ltd., headquartered in Bermuda (BM), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of RenaissanceRe Holdings Ltd., which may influence its climate commitments and emissions reporting. As part of its corporate family, Validus Reinsurance's climate initiatives and performance may be aligned with those of RenaissanceRe Holdings Ltd. However, specific reduction targets or achievements have not been disclosed for Validus Reinsurance. The company does not appear to have set Science-Based Targets Initiative (SBTi) reduction targets or any documented climate pledges. In the context of the insurance and reinsurance industry, companies are increasingly focusing on sustainability and climate resilience. While Validus Reinsurance has not provided specific data or commitments, it is essential for organisations in this sector to engage in climate action and transparency to meet evolving regulatory and stakeholder expectations.
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| 2019 | |
|---|---|
| Scope 1 | 63,000 |
| Scope 2 | 1,267,000 |
| Scope 3 | 9,465,000 |
How Carbon Intensive is Validus Reinsurance, Ltd.'s Industry?
How Carbon Intensive is Validus Reinsurance, Ltd.'s Location?
Validus Reinsurance, 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 "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Validus Reinsurance, 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.
Validus Reinsurance, 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.
