Verisk Analytics

Verisk Analytics, a research and development services company based in the US, reported approximately 62,065,800 kg CO2e in total emissions for the 2024 reporting year. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

Key Emissions Data:

• 2024:

  • Total Emissions: Approximately 62,065,800 kg CO2e
  • Scope 1: Approximately 2,387,600 kg CO2e
  • Scope 2 (Market-based): Approximately 317,700 kg CO2e
  • Scope 3: Approximately 59,360,500 kg CO2e (with significant contributions from purchased goods and services at approximately 22,820,700 kg CO2e, and employee commute at approximately 6,833,300 kg CO2e).

• 2023:

  • Total Emissions: Approximately 78,160,200 kg CO2e
  • Scope 1: Approximately 2,332,000 kg CO2e
  • Scope 2 (Market-based): Approximately 406,300 kg CO2e
  • Scope 3: Approximately 75,421,900 kg CO2e (with purchased goods and services contributing approximately 36,768,000 kg CO2e).

Climate Commitments and Targets:

Verisk Analytics has made significant commitments to emissions reduction and achieving net-zero.

• Net-Zero Goal: The company has committed to achieving Net Zero emissions by 2050 across its value chain.
• Science Based Targets: Verisk has submitted formal notification to the Science Based Targets initiative (SBTi), committing to adopt near-term GHG emission reduction targets aligned with a 1.5°C scenario and achieve Net Zero by 2050.
• Specific Reduction Targets (based on a 2022 baseline):
  • Reduce absolute Scope 1 and 2 GHG emissions by 58.8% by 2034.
  • Reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050.
  • Reduce absolute Scope 3 GHG emissions from purchased goods and services and capital goods by 58.8% by 2034.
  • Reduce Scope 3 GHG emissions from business travel by 63.8% per FTE by 2034.

Verisk has also exceeded its internal target to reduce Scope 1 and Scope 2 emissions by 21% by 2024, compared to a 2019 baseline.