W. R. Berkley Corporation, commonly referred to as Berkley, is a prominent player in the insurance industry, headquartered in the United States. Founded in 1967, the company has established a strong presence across various operational regions, including North America and Europe. Berkley is renowned for its specialty insurance and reinsurance services, focusing on areas such as commercial lines, excess and surplus lines, and alternative risk transfer.
With a commitment to innovation and customer service, Berkley offers unique products tailored to meet the diverse needs of its clients. The company has achieved significant milestones, including consistent growth and a robust market position, making it one of the leading providers in the sector. Berkley's dedication to underwriting excellence and risk management sets it apart in a competitive landscape.
0 vs industry average
W R Berkley’s score of 37 is higher than 57% 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
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
W R Berkley's reported carbon emissions
In 2024, W. R. Berkley Corporation reported total emissions of approximately 25,514,000 kg CO2e, comprising 10,412,000 kg CO2e from Scope 1 and 15,102,000 kg CO2e from Scope 2 emissions. The company has set ambitious targets to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade, specifically aiming for a target year of 2025. This commitment reflects a proactive approach to climate action, aligning with industry standards for net-zero emissions. In the previous year, 2023, W. R. Berkley recorded total emissions of approximately 26,143,000 kg CO2e, with Scope 1 emissions at 9,371,000 kg CO2e and Scope 2 emissions at 16,772,000 kg CO2e. The company has demonstrated a commitment to reducing greenhouse gas emissions intensity, achieving a 7.5% reduction across its commercial portfolio between 2021 and 2022. W. R. Berkley’s climate initiatives are not cascaded from a parent organisation, indicating that their emissions data and reduction targets are independently reported. The company is focused on enhancing sustainability practices and contributing to a carbon-neutral future, particularly through its Metro Center office in Stamford, Connecticut, which is part of a carbon-neutral community of buildings.
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W R Berkley’s Climate Goals (2030 & 2050)
5 goals2050
Our Metro Center office in Stamford, Connecticut, is part of…
Our Metro Center office in Stamford, Connecticut, is part of a carbon-neutral community of buildings.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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W R Berkley
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