- Supply chain disruptions due to climate events (implied)
- Developing a transition plan in line with CSRD requirements.
- Uncertainty and volatility in frequency and intensity of hazard per peril region.
Convex Group Limited
Greenhouse gas emissions & sustainability report data
In its August 2023 to August 2024 reporting, Convex Group Limited disclosed greenhouse gas emissions of 5.5K tCO2e (location-based) 5378 tCO2e (market-based). By scope: Scope 1: 41 tCO2e; Scope 2: 396 tCO2e; Scope 3: 5.2K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.5K tCO2e (location-based) 5378 tCO2e (market-based)
August 2023 to August 2024
Waste
0.53 tCO2e (2023)
August 2023 to August 2024
Energy Use
1.2M kWh
August 2023 to August 2024
📊 Emissions by Scope (August 2023 to August 2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 41 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 396 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.2K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Refined Greenhouse Gas Emission reporting process on a Group and Legal Entity basis.
- Completed the second year of the Convex Seascape Survey, a global research program into carbon stored in the seascape.
- Purchased carbon offsets from various projects including enhanced weathering, reforestation, and wind power.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Develop baseline emissions data on 25% of insurance portfolio.
- Set interim targets for Scope 1, 2, and 3 emissions.
📅 Medium-term
- Achieve net zero emissions by 2050 (commitment).
🔭 Long-term
- Achieve net zero emissions by 2050 (commitment).
🌱 ESG Focus Areas
Climate ChangeNature-related risks