- Limited availability of renewable energy infrastructure in Bermuda.
- Difficulty in measuring and managing climate-related risks in the reinsurance business.
- Data limitations in assessing Scope 3 emissions and ESG impact of investments and underwriting portfolio.
Conduit Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Conduit Holdings Limited disclosed greenhouse gas emissions of 402.3 tCO2e (market based). By scope: Scope 1: 0 tCO2e; Scope 2: 122.9 tCO2e (market based); Scope 3: 277.4 tCO2e (market based). 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
402.3 tCO2e (market based)
2023
Energy Use
170.3K kWh
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). | 0 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 122.9 tCO2e (market based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 277.4 tCO2e (market based) |
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 | 402.3 tCO2e (market based) |
| 2022 | 292 tCO2e (location-based) / 289 tCO2e (market-based) |
| 2021 | 159 tCO2e (location-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Purchased 3,600t of carbon offsets to offset estimated emissions.
- Launched interest-free green loans for employees to purchase electric vehicles or solar panels; over 10% of eligible staff applied.
- Organized a company-wide park cleanup removing approximately 1,050 pounds of litter.
- Increased 'green revenue' (reinsurance revenue related to natural perils and renewables) to $204.6m (84% increase from 2022).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Continue to minimize carbon footprint and offset unavoidable emissions.
📅 Medium-term
- Further integrate ESG considerations into underwriting and investment decisions.
🔭 Long-term
- Achieve carbon neutrality in operations.
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionCommunity EngagementGovernanceEmployee Well-being