Convex Insurance

Convex Insurance, a UK-based firm in the insurance and pension funding services sector, reported total combined Scope 1, 2, and 3 emissions of approximately 5.1 million kg CO2e for 2022. This figure comprises approximately 46,000 kg CO2e for Scope 1 emissions, primarily from stationary combustion, and approximately 140,000 kg CO2e for Scope 2 emissions, based on market-based reporting of purchased electricity. Scope 3 emissions, largely driven by business travel (approximately 4.9 million kg CO2e) and waste generated in operations (approximately 1,600 kg CO2e), accounted for the majority of their reported footprint.

In 2021, Convex Insurance's total emissions were approximately 992,000 kg CO2e. This included around 35,000 kg CO2e for Scope 1 emissions and approximately 74,000 kg CO2e for Scope 2 emissions. Scope 3 emissions for that year were approximately 857,000 kg CO2e, with business travel representing the largest component (approximately 857,000 kg CO2e) and waste generation at around 760 kg CO2e.

Convex Insurance is committed to achieving Net Zero by 2050, with this long-term target encompassing all scopes of emissions and starting from 2023. While the specific reduction targets are not detailed, the company's reporting indicates a focus on climate action. Convex Insurance has not cascaded emissions data from a parent organisation and provides its own performance data.