Chubb Sustainability Profile
Chubb Limited, commonly referred to as Chubb, is a leading global provider of insurance and reinsurance solutions, headquartered in the United States. Established in 1882, Chubb has grown to become one of the largest publicly traded property and casualty insurance companies in the world, with significant operations across North America, Europe, Asia-Pacific, and Latin America. Chubb offers a diverse range of products and services, including commercial and personal insurance, accident and health coverage, and reinsurance. What sets Chubb apart is its commitment to exceptional customer service and tailored insurance solutions that meet the unique needs of its clients. The company has consistently maintained a strong market position, recognised for its financial strength and innovative risk management strategies, making it a trusted partner in the insurance industry.
DitchCarbon Score
How does Chubb'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
Chubb's score of 50 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chubb's reported carbon emissions
In 2024, Chubb reported total carbon emissions of approximately 36,000,000 kg CO2e, comprising 28,246,000 kg CO2e from Scope 1 and 7,643,000 kg CO2e from Scope 2 emissions (market-based). Additionally, Scope 3 emissions from business travel accounted for about 45,732,000 kg CO2e. In 2023, the company recorded total emissions of around 31,000,000 kg CO2e, with Scope 1 emissions at 23,017,000 kg CO2e, Scope 2 emissions (market-based) at 8,530,000 kg CO2e, and Scope 3 emissions from business travel at 18,811,000 kg CO2e. Chubb has set ambitious climate commitments, aiming for a 40% reduction in Scope 1 and Scope 2 emissions by 2025, relative to a 2019 baseline. This commitment aligns with their support for the global goal of achieving net-zero carbon emissions by 2050. The company’s annual greenhouse gas (GHG) inventory encompasses Scope 1, Scope 2, and certain categories of Scope 3 emissions, demonstrating a comprehensive approach to climate accountability. Chubb's emissions data is not cascaded from any parent organization, ensuring that their reported figures reflect their own operational impact. The company actively engages in initiatives to transition towards a sustainable future, reinforcing its commitment to environmental stewardship.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Chubb's Industry?
How Carbon Intensive is Chubb's Location?
Chubb's Scope 3 Categories Breakdown
Chubb's Scope 3 emissions, which increased by 143% last year and increased by approximately 13% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Chubb'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.
Chubb 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.
