Convex Insurance
Convex Insurance, a prominent player in the insurance industry, is headquartered in Great Britain and operates across key regions in Europe and North America. Founded in 2019, the company has quickly established itself as a leader in providing innovative insurance solutions, focusing on specialty lines and complex risks. With a diverse portfolio that includes property, casualty, and marine insurance, Convex Insurance distinguishes itself through its commitment to tailored coverage and exceptional client service. The firm has achieved significant milestones, including rapid growth and recognition for its robust underwriting capabilities. As a forward-thinking insurer, Convex Insurance is dedicated to leveraging technology and data analytics to enhance risk assessment and management, positioning itself as a trusted partner in the evolving insurance landscape.
DitchCarbon Score
How does Convex Insurance'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
Convex Insurance's score of 32 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Convex Insurance's reported carbon emissions
In 2022, Convex Insurance reported total carbon emissions of approximately 5,000,000 kg CO2e. This figure includes 46,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 140,000 kg CO2e from Scope 2 emissions related to purchased electricity. The majority of their emissions, about 4,958,000 kg CO2e, fall under Scope 3, predominantly from business travel. Convex Insurance has set a long-term commitment to achieve Net Zero emissions by 2050, starting from 2023. This ambitious target encompasses all scopes of emissions, reflecting the company's dedication to addressing climate change comprehensively. The company has also reported an emission intensity of approximately 11,690 kg CO2e per full-time equivalent (FTE) for Scope 1 and 2 combined, indicating a focus on improving operational efficiency alongside their climate commitments.
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| 2022 | |
|---|---|
| Scope 1 | 46,000 |
| Scope 2 | 140,000 |
| Scope 3 | 4,958,000 |
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.
Convex Insurance 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.
