XL Catlin Insurance Sustainability Profile
XL Catlin Insurance, now part of AXA XL, is a prominent player in the global insurance and reinsurance industry, headquartered in Bermuda (BM). Founded in 1986, the company has established itself as a leader in providing innovative risk management solutions across various sectors, including property, casualty, and specialty insurance. With a strong presence in North America, Europe, and Asia-Pacific, XL Catlin offers a diverse range of core products and services, distinguished by their tailored approach to complex risks. The company is recognised for its commitment to customer service and its ability to adapt to the evolving needs of businesses. Notable achievements include its robust market position and a reputation for excellence in underwriting and claims management, making XL Catlin a trusted partner for clients seeking comprehensive insurance solutions.
DitchCarbon Score
How does XL Catlin Insurance'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 Insurance 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
XL Catlin Insurance's score of 79 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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XL Catlin Insurance, headquartered in Bermuda (BM), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of AXA SA, which means its climate commitments and reduction initiatives are influenced by its parent organisation. As part of its climate strategy, XL Catlin Insurance adheres to the sustainability targets set by AXA SA, which include commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). These initiatives aim to align corporate emissions reductions with climate science, although specific reduction targets for XL Catlin Insurance have not been disclosed. The company is also involved in the RE100 initiative, which focuses on transitioning to 100% renewable energy, further demonstrating its commitment to sustainability. However, without specific emissions data or reduction targets, it is challenging to quantify the impact of these initiatives at the subsidiary level. In summary, while XL Catlin Insurance does not provide specific emissions data, it is committed to broader climate initiatives through its affiliation with AXA SA, focusing on sustainability and emissions reduction in line with industry standards.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2019 | 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 216,542,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 139,152,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is XL Catlin Insurance's Industry?
How Carbon Intensive is XL Catlin Insurance's Location?
XL Catlin Insurance's Scope 3 Categories Breakdown
XL Catlin Insurance's Scope 3 emissions, which increased by 3% last year and increased significantly since 2009, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 97% of Scope 3 emissions.
Top Scope 3 Categories
XL Catlin Insurance'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.
XL Catlin Insurance 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.
