Assurant Inc

Common Name
Assurant
Country
United States
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
14,200
Ticker
AIZ
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Assurant Inc. is a premier provider of risk management solutions across a diverse array of sectors, particularly within the housing and lifestyle markets. Its primary function lies in delivering speci...

Assurant's GHG Emissions Data Preview

In 2023, Assurant completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Assurant has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Assurant's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Assurant amounted to 13,534 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Assurant decreased by 9.48%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Assurant's Scope 1 Emissions Over Time

20182019202020212022202305501.1 k1.65 k2.2 ktCO2e+112%-44%+89%-29%-11%
  • Total Scope 1
  • Year-over-Year Change

What are Assurant's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Assurant were 1,342 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Assurant reduced its Scope 1 emissions over time?

Since 2018, Assurant's Scope 1 emissions have increased by 41.56%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Assurant's Scope 1 emissions decreased by 10.83%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Assurant's Scope 2 emissions?

In 2023, Assurant reported Scope 2 greenhouse gas (GHG) emissions of 12,792 tCOâ‚‚e using the market-based method, and 12,192 tCOâ‚‚e using the location-based method.

Has Assurant reduced its Scope 2 emissions over time?

Since 2018, Assurant's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 55.54%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Assurant's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Assurant 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Assurant use for Scope 2 reporting?

In 2023, Assurant reported its Scope 2 emissions using the market-based method and using the location-based method.

Assurant's Scope 2 Emissions Over Time

20182019202020212022202307 k14 k21 k28 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Assurant's Value Chain Emissions

In 2023, Assurant reported 439,657 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Assurant includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, down from 13 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.

Assurant's Scope 3 Emissions Over Time

201820202021202220230750 k1.5 M2.25 M3 MtCO2e+2611%+832%-7%-84%
  • Total Scope 3
  • Year-over-Year Change

What are Assurant's Scope 3 emissions?

In 2023, Assurant reported total Scope 3 emissions of 439,657 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 81.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 18.96% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Assurant reduced its Scope 3 emissions over time?

Since 2018, Assurant's Scope 3 emissions have increased by 3,669.03%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Assurant's Scope 3 emissions decreased by 83.98%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Assurant disclose?

In 2023, Assurant reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Assurant's Scope 3 emissions?

In 2023, the largest contributors to Assurant's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 307,585 tCOâ‚‚e (69.96%)
  • Use of Sold Products (Cat. 11): 80,527 tCOâ‚‚e (18.32%)
  • Downstream Transportation and Distribution (Cat. 9): 32,806 tCOâ‚‚e (7.46%)

Assurant's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(70.0%)Use of Sold Products(Cat. 11)(18.3%)DownstreamTransportation andDistribution(Cat. 9)(7.5%)

Insights into Assurant's Total Carbon Footprint

In 2023, Assurant reported a total carbon footprint of 453,191 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 83.57% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Assurant's total carbon footprint was Scope 3 emissions, accounting for 97.01% of the company's total carbon footprint, followed by Scope 2 emissions at 2.69%.

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