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W. R. Berkley Corporation, commonly known as Berkley, is a distinguished US-headquartered Fortune 500 commercial lines insurance company. Established in 1967, this leading organisation operates globally within the crucial insurance and pension funding services sector, providing a broad spectrum of diversified property casualty solutions to businesses worldwide.
Berkley’s extensive portfolio encompasses speciality insurance, regional property casualty coverage, and reinsurance, addressing complex risk management needs. Its unique, highly decentralised operating model empowers numerous entrepreneurial units, allowing them to deliver innovative, client-focused products and services with agility and deep local market understanding, solidifying its industry leadership.
-2 vs industry average
W R Berkley’s score of 37 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
W. R. Berkley, an insurance and pension funding services company based in the US, reported Scope 1 emissions of approximately 10,412,000 kg CO2e and Scope 2 emissions of about 15,102,000 kg CO2e in 2024. Their combined Scope 1 and 2 emissions for 2024 were approximately 25,514,000 kg CO2e. For 2023, Scope 1 emissions were around 9,371,000 kg CO2e and Scope 2 emissions were approximately 16,772,000 kg CO2e, with a combined total of roughly 26,143,000 kg CO2e. In 2022, they reported Scope 1 emissions of about 7,435,000 kg CO2e and Scope 2 emissions of approximately 16,190,000 kg CO2e, totalling around 23,625,000 kg CO2e. For 2021, Scope 1 emissions were approximately 5,393,000 kg CO2e and Scope 2 emissions were about 18,487,000 kg CO2e, leading to a combined total of roughly 23,880,000 kg CO2e. No Scope 3 emissions data has been disclosed.
W. R. Berkley has set near-term targets to reduce their Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2023-2025). Additionally, their Metro Center office in Stamford, Connecticut, is part of a carbon-neutral community of buildings. Between 2021 and 2022, they also saw a 7.5% reduction in greenhouse gas emissions intensity across their entire commercial portfolio.
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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No scope 3 category breakdown has been disclosed yet.
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