Zurich Insurance Company (Canada) Sustainability Profile
Zurich Insurance Company (Canada), a subsidiary of the global Zurich Insurance Group, is headquartered in Canada and operates extensively across the country. Established in 1920, Zurich Canada has built a strong reputation in the insurance industry, focusing on property and casualty insurance, as well as life insurance solutions. The company offers a diverse range of core products, including commercial insurance, personal insurance, and risk management services, distinguished by their customer-centric approach and innovative solutions. With a commitment to sustainability and community engagement, Zurich Canada has achieved notable milestones, positioning itself as a trusted leader in the market. Its dedication to excellence and robust financial strength further solidifies its status as a key player in the Canadian insurance landscape.
DitchCarbon Score
How does Zurich Insurance Company (Canada)'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
Zurich Insurance Company (Canada)'s score of 74 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zurich Insurance Company (Canada) currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. However, it is important to note that Zurich Insurance Company (Canada) is a current subsidiary of Zurich Insurance Group AG, which provides a framework for their climate commitments and initiatives. Zurich Insurance Group AG has established various climate initiatives, including targets set through the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). These initiatives aim to enhance transparency and accountability in reducing carbon emissions across their operations. While specific reduction targets for Zurich Insurance Company (Canada) are not detailed, the overarching commitments from Zurich Insurance Group AG suggest a strong focus on sustainability and climate action. As a subsidiary, Zurich Insurance Company (Canada) aligns with the broader goals of its parent company, which includes commitments to achieving net-zero emissions and transitioning to renewable energy sources. The company is also involved in initiatives such as RE100, which aims for 100% renewable electricity, further demonstrating its commitment to addressing climate change. In summary, while specific emissions data for Zurich Insurance Company (Canada) is not available, the company is part of a larger corporate family that prioritises climate commitments and sustainability through various initiatives and targets set by Zurich Insurance Group AG.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,664,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 2 | 24,211,000 | 00,000,000 | 0,000,000 | - | 0,000,000 | 0,000,000 |
| Scope 3 | 132,515,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Zurich Insurance Company (Canada)'s Industry?
How Carbon Intensive is Zurich Insurance Company (Canada)'s Location?
Zurich Insurance Company (Canada)'s Scope 3 Categories Breakdown
Zurich Insurance Company (Canada)'s Scope 3 emissions, which decreased by 5% last year and decreased by approximately 71% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 68% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 43% of Scope 3 emissions.
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Zurich Insurance Company (Canada)'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.
Zurich Insurance Company (Canada) 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.
