XL Group Ltd Sustainability Profile
XL Group Ltd., commonly referred to as XL, is a prominent global insurance and reinsurance provider headquartered in Bermuda (BM). Founded in 1986, the company has established itself as a leader in the industry, offering a diverse range of products and services tailored to meet the needs of clients across various sectors. With a strong presence in North America, Europe, and Asia, XL Group excels in specialty insurance, property and casualty coverage, and reinsurance solutions. Its commitment to innovation and customer-centric approach sets it apart in a competitive market. Notable achievements include significant growth through strategic acquisitions and a robust financial standing, reinforcing its position as a trusted partner in risk management.
DitchCarbon Score
How does XL Group Ltd'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 Group Ltd's score of 80 is higher than 89% 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 Group Ltd, headquartered in Bermuda (BM), currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of AXA SA, which influences its climate commitments and emissions reporting. As part of its corporate family relationship, XL Group Ltd inherits emissions data and reduction initiatives from AXA SA, which has established science-based targets (SBTi) and other climate commitments. While specific reduction targets for XL Group Ltd are not detailed, the overarching initiatives from AXA SA include commitments to reduce emissions across various scopes. These initiatives are part of a broader strategy to enhance sustainability and address climate change impacts within the insurance and reinsurance sectors. As of now, XL Group Ltd has not publicly disclosed any specific emissions figures or reduction achievements. The company is expected to align with the climate strategies set forth by its parent organization, AXA SA, which is actively engaged in reducing its carbon footprint and promoting sustainable practices across its operations.
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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 Group Ltd's Industry?
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XL Group Ltd's Scope 3 Categories Breakdown
XL Group Ltd'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 Group Ltd'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 Group Ltd 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.
