- Increasing costs of reinsurance or unavailability of reinsurance cover due to increased frequency and severity of weather events globally.
- Reduction in asset values and lower investment returns due to climate change impacts on certain sectors and regions.
- Risk of a shrinking insurance market due to policy and societal changes aimed at reducing carbon emissions.
- High inflation impacting materials and labor costs in the Motor and Construction industries, affecting claims costs.
- Challenges to the Personal Injury Guidelines resulting in delayed settlements and additional inflation.
- Continually increasing settlement costs and potentially higher injury claims costs in the near future due to pressure on salary inflation.
FBD Holdings plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, FBD Holdings plc disclosed greenhouse gas emissions of 65.34 tCO2e/year (Scope 1 & 2). By scope: Scope 1: 21 tCO2e/year; Scope 2: 44 tCO2e/year; Scope 3: 38.9K tCO2e/year (estimated). 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
65.34 tCO2e/year (Scope 1 & 2)
2023
Renewable Energy
100% of total energy use
of total energy
📊 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). | 21 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 44 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 38.9K tCO2e/year (estimated) |
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 | 65.34 tCO2e/year (Scope 1 & 2) |
| 2022 | 52.4K tCO2e/year (Scope 3 estimated) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Contributed €2.5m to the Padraig Walshe Centre for Sustainable Animal and Grassland Research, supporting climate-related research and improving environmental sustainability in Irish agriculture.
- Purchased all electrical energy from renewable sources.
- Undertook a decarbonisation analysis to understand actions required to reduce Scope I and II emissions.
- Redesign of products to incorporate features to support customers who use solar panels and domestic wind turbines for own energy production.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce energy consumption (decision expected early 2024)
📅 Medium-term
- Achieve further reductions in carbon intensity of the corporate bond portfolio.
- Progress towards an application for the Science Based Targets initiative (SBTi).
🔭 Long-term
- Net-zero emissions (implicitly stated)
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionCorporate AdvocacyOperationsInvestmentsDisclosures