- Climate change impacts on underwriting portfolios (particularly property)
- Cybersecurity risks
- Geopolitical uncertainty
- Competition in D&O market
- Data limitations in ESG reporting
Beazley plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Beazley plc disclosed greenhouse gas emissions of 7.0K tCO2e/year. By scope: Scope 1: 2.13 tCO2e/year; Scope 2: 829.72 tCO2e/year; Scope 3: 6.2K 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
7.0K tCO2e/year
2023
Renewable Energy
29.1%
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). | 2.13 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 829.72 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.2K 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 | 7.0K tCO2e/year |
| 2021 | 1.7K tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced normalized carbon emissions by 46.8% compared to 2019 baseline (per FTE)
- 29.1% of total in-scope electricity use from renewable sources
- Developed climate risk adjusted pricing for several perils (US Wildfire, Inland Flood, Hurricane, Hail, Tornado, Winterstorm)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025
📅 Medium-term
- Achieve 30% renewable energy by 2030
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionResponsible BusinessHuman RightsCommunity Investment