Convex Insurance

Convex Insurance's reported carbon emissions

Convex Insurance, headquartered in Great Britain and operating within the Insurance and pension funding services sector (66), has disclosed its carbon emissions for 2022 and 2021. In 2022, the company reported total Scope 1 and 2 emissions of approximately 186,000 kg CO2e, with Scope 1 emissions around 46,000 kg CO2e and Scope 2 emissions (market-based) at about 140,000 kg CO2e. Scope 3 emissions for 2022 totalled approximately 4,958,000 kg CO2e, largely driven by business travel. For 2021, Convex Insurance's total Scope 1 and 2 emissions were approximately 109,000 kg CO2e. Scope 1 emissions stood at about 35,000 kg CO2e, and Scope 2 emissions (market-based) were around 74,000 kg CO2e. Scope 3 emissions in 2021 were approximately 857,000 kg CO2e, with business travel being the primary contributor. Convex Insurance has made a long-term commitment to achieve Net Zero by 2050, encompassing all scopes of emissions. This commitment is detailed in their ClimateWise Report. The company also tracks its carbon emissions intensity per Full-Time Equivalent (FTE) employee and reports an MSCI Carbon Emissions Intensity Score. For 2022, the intensity per FTE (market-based) was approximately 11,690 kg CO2e per FTE, and the MSCI score was 0.000106 per USD of revenue. In 2021, the intensity per FTE (market-based) was about 2,300 kg CO2e per FTE, with an MSCI score of 0.000101 per USD of revenue. The company's emissions data is not cascaded from a parent organisation.