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Convex Insurance, headquartered in Great Britain, is a prominent player in the insurance and pension funding services sector, specifically focusing on non-compulsory social security services. Established in 2020, the company has quickly made a name for itself by offering innovative insurance solutions tailored to meet the diverse needs of its clients.
With a strong operational presence across key regions in the UK and beyond, Convex Insurance provides a range of core products, including property, casualty, and specialty insurance. What sets them apart is their commitment to leveraging advanced technology and data analytics to enhance customer experience and risk management.
Recognised for its rapid growth and market agility, Convex Insurance has positioned itself as a trusted partner in the industry, continually striving to deliver exceptional value and service to its clients.
31
DitchCarbon score
-8 vs industry average
Convex Insurance’s score of 31 is lower than 42% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Insurance Services has below-average carbon intensity
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Convex Insurance's reported carbon emissions
Convex Insurance, a UK-based company in the insurance and pension funding services industry, reported total market-based Scope 1 and 2 emissions of approximately 186,000 kg CO2e in 2022. This figure comprises 46,000 kg CO2e from Scope 1 emissions (primarily stationary combustion) and 140,000 kg CO2e from Scope 2 market-based emissions (purchased electricity). Additionally, its Scope 3 emissions for 2022 were approximately 4,958,000 kg CO2e, with business travel accounting for a significant portion at 4,957,000 kg CO2e.
In 2021, Convex Insurance's market-based Scope 1 and 2 emissions totalled about 109,000 kg CO2e, consisting of 35,000 kg CO2e from Scope 1 (stationary combustion) and 74,000 kg CO2e from Scope 2 market-based emissions (purchased electricity). Scope 3 emissions in 2021 were approximately 857,000 kg CO2e, largely driven by business travel.
Convex Insurance is committed to achieving Net Zero by 2050, a long-term goal covering all scopes of emissions. This commitment was established in 2023.
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Convex Insurance’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Convex Insurance16 days ago
31
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