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 6,538,000 kg CO2e, comprising 2,332,000 kg CO2e from Scope 1, 406,000 kg CO2e from Scope 2, and 3,800,000 kg CO2e from Scope 3 emissions. Notably, the company has set ambitious targets to reduce its greenhouse gas emissions. Verisk aims to achieve a 58.8% reduction in absolute Scope 1 and 2 emissions by 2034, using 2022 as the baseline year. Additionally, it plans to cut Scope 3 emissions from purchased goods and services and capital goods by the same percentage within the same timeframe, while targeting a 63.8% reduction in Scope 3 emissions from business travel per full-time equivalent (FTE). Long-term commitments include a goal to reach net-zero emissions across all scopes by 2050, with a 90% reduction in absolute Scope 1, 2, and 3 emissions from the 2022 baseline. Verisk has exceeded its internal targets for Scope 1 and 2 emissions, achieving a 21% reduction by 2024 compared to 2019 levels. These initiatives reflect Verisk's commitment to sustainability and alignment with the Science Based Targets initiative (SBTi) standards, ensuring that their targets are consistent with the global aim to limit warming to 1.5°C.
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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.
Frequently Asked Questions
Common questions about Verisk Analytics's sustainability data and climate commitments