- Increased frequency and severity of natural catastrophe and weather-related events (physical risks).
- Increased regulatory requirements, carbon pricing, and mandates (transition risks).
- Increased insurance claims liability due to climate change and climate-related litigation (liability risks).
AXIS Capital Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AXIS Capital Holdings Limited disclosed greenhouse gas emissions of 5.1K tCO2e/year. By scope: Scope 1: 69 tCO2e/year; Scope 2: 1.9K tCO2e/year; Scope 3: 3.2K tCO2e/year. 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
5.1K tCO2e/year
2023
📊 Emissions by Scope (2023)
| 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). | 69 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.2K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.1K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Decreased emissions in line with a 50% science-based, absolute reduction in Scope 1 and 2 emissions by 2030 across global operations.
- Disclosed assessments of Scope 1, 2, and partial Scope 3 GHG emissions for 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Phase out by the end of 2025 any existing investments in companies in the thermal coal or oil sands industries that exceed its policy thresholds.
📅 Medium-term
- 50% absolute reduction of Scope 1 and 2 emissions by 2030.
- Fully phase out thermal coal from its insurance and facultative reinsurance portfolios no later than 2030 in OECD countries.
🔭 Long-term
- Fully phase out thermal coal from its insurance and facultative reinsurance portfolios no later than 2040 globally.
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernance