Verisk Analytics Sustainability Profile
Verisk Analytics, a leading data analytics and risk assessment firm, is headquartered in the United States and operates across major regions globally. Founded in 1971, the company has established itself within the insurance, energy, and environmental sectors, providing critical insights that drive informed decision-making. Verisk's core offerings include advanced analytics, predictive modelling, and risk management solutions, which are distinguished by their accuracy and depth of data. Notable products such as AIR Worldwide and Wood Mackenzie exemplify the company's commitment to innovation and excellence. With a strong market position, Verisk Analytics is recognised for its contributions to enhancing operational efficiency and risk mitigation strategies, solidifying its reputation as a trusted partner in the analytics industry.
DitchCarbon Score
How does Verisk Analytics'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 Research 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
Verisk Analytics's score of 69 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Verisk Analytics's reported carbon emissions
In 2023, Verisk Analytics reported total carbon emissions of approximately 6,514,000 kg CO2e. This includes Scope 1 emissions of about 2,332,000 kg CO2e, Scope 2 emissions of approximately 406,000 kg CO2e (market-based), and Scope 3 emissions of around 3,800,000 kg CO2e, with business travel contributing about 3,620,000 kg CO2e. The company has made significant strides in reducing its carbon footprint, having exceeded its internal targets to reduce Scope 1 and Scope 2 emissions by 21% by 2024, compared to a 2019 baseline. Verisk has committed to ambitious long-term climate goals, aiming for net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include a reduction of absolute Scope 1 and 2 emissions by 58.8% by 2034 from a 2022 baseline, and a 63.8% reduction in Scope 3 emissions from business travel per full-time equivalent (FTE) within the same timeframe. Additionally, the company has set a target to reduce absolute Scope 3 emissions from purchased goods and services and capital goods by 58.8% by 2034. These commitments are aligned with the Science Based Targets initiative (SBTi), which has classified Verisk's targets as consistent with the reductions required to limit global warming to 1.5°C. The company is on track to meet its near-term targets, demonstrating a proactive approach to climate action and sustainability.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,800,100 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,496,100 | 00,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 7,735,600 | 0,000,000 | 0,000,000 | 0,000,000 | - | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
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Verisk Analytics's Scope 3 Categories Breakdown
Verisk Analytics's Scope 3 emissions, which increased by 18% last year and decreased by approximately 51% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 58% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 95% of Scope 3 emissions.
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Verisk Analytics'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.
Verisk Analytics 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.
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Frequently Asked Questions
Common questions about Verisk Analytics's sustainability data and climate commitments