Shipowners Club Sustainability Profile
Shipowners Club, officially known as The Shipowners' Mutual Protection and Indemnity Association (Luxembourg), is a leading provider of marine insurance solutions headquartered in Luxembourg (LU). Established in 1855, the Club has built a strong reputation within the maritime industry, primarily serving shipowners and operators across Europe, Asia, and the Americas. Specialising in protection and indemnity (P&I) insurance, Shipowners Club offers tailored coverage that addresses the unique risks faced by its members. Its commitment to exceptional service and a member-focused approach distinguishes it from competitors, ensuring that clients receive comprehensive support in navigating complex maritime challenges. With a robust market position, Shipowners Club has achieved notable milestones, including a consistent track record of financial stability and growth, making it a trusted partner for maritime professionals worldwide.
DitchCarbon Score
How does Shipowners Club'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
Shipowners Club's score of 32 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shipowners Club's reported carbon emissions
In 2024, Shipowners Club reported total carbon emissions of approximately 2,150,440 kg CO2e. This figure includes Scope 1 emissions of about 44,740 kg CO2e, Scope 2 emissions of around 73,740 kg CO2e, and significant Scope 3 emissions totalling approximately 2,031,960 kg CO2e. Within Scope 3, the largest contributors were business travel at about 1,781,440 kg CO2e and purchased goods and services at approximately 107,330 kg CO2e. Comparatively, in 2019, the Club's total emissions were approximately 1,369,650 kg CO2e, with Scope 1 emissions of about 30,630 kg CO2e and Scope 2 emissions of around 98,740 kg CO2e. The Scope 3 emissions for that year were approximately 1,240,280 kg CO2e. Despite these figures, Shipowners Club has not set specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by The Shipowners' Mutual Protection and Indemnity Association (Luxembourg). Overall, while Shipowners Club has made strides in transparency regarding their emissions, further commitments and reduction strategies would enhance their climate responsibility profile.
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| 2019 | 2024 | |
|---|---|---|
| Scope 1 | 30,630 | 00,000 |
| Scope 2 | 98,740 | 00,000 |
| Scope 3 | 1,240,280 | 0,000,000 |
How Carbon Intensive is Shipowners Club's Industry?
How Carbon Intensive is Shipowners Club's Location?
Shipowners Club's Scope 3 Categories Breakdown
Shipowners Club's Scope 3 emissions, which increased by 64% last year and increased by approximately 64% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 88% of Scope 3 emissions.
Top Scope 3 Categories
Shipowners Club'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.
Shipowners Club 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.
