Beazley
Beazley plc, a leading specialist insurer, is headquartered in London, GB, and operates across key regions including North America, Europe, and Asia. Founded in 1986, Beazley has established itself in the insurance industry with a focus on providing innovative solutions in areas such as cyber liability, professional indemnity, and marine insurance. Renowned for its unique approach to underwriting, Beazley combines deep industry expertise with a commitment to customer service, ensuring tailored coverage for diverse client needs. The company has achieved notable market recognition, consistently ranking among the top players in the Lloyd's of London market. With a strong emphasis on risk management and a proactive stance on emerging threats, Beazley continues to set benchmarks in the insurance sector.
DitchCarbon Score
How does Beazley'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
Beazley's score of 30 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Beazley's reported carbon emissions
In 2023, Beazley reported total carbon emissions of approximately 6,000 kg CO2e, with no specific breakdown into Scope 1, 2, or 3 emissions available. The previous year, 2022, saw Beazley’s emissions total approximately 5,158,650 kg CO2e, which included 65,200 kg CO2e from Scope 1, 1,027,790 kg CO2e from Scope 2 (market-based), and 4,073,960 kg CO2e from Scope 3 emissions. Notably, the majority of Scope 3 emissions were attributed to business travel, amounting to approximately 3,774,550 kg CO2e. In 2022, Beazley’s UK operations reported Scope 2 emissions of about 135,280 kg CO2e and Scope 3 emissions of approximately 2,407,490 kg CO2e, indicating a significant reliance on business travel for their carbon footprint. The company has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded any targets from parent organizations. Beazley is committed to transparency in its climate impact, as evidenced by its annual reports, but lacks defined reduction targets or initiatives at this time. The absence of specific climate pledges or SBTi targets suggests that while Beazley is aware of its emissions, it has yet to formalise a comprehensive strategy for reduction.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 21,080 | 00,000 | 0,000 | 00,000 |
| Scope 2 | 2,010,840 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,735,910 | 0,000,000 | 000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Beazley is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
