AXIS Capital Holdings Ltd
AXIS Capital Holdings's GHG Emissions Data Preview
In 2024, AXIS Capital Holdings 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).
AXIS Capital Holdings has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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cVerified Sources Behind AXIS Capital Holdings’s Greenhouse Gas (GHG) Emissions Data
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Insights into AXIS Capital Holdings's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of AXIS Capital Holdings amounted to 1,326 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). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of AXIS Capital Holdings decreased by 30.94%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
AXIS Capital Holdings's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are AXIS Capital Holdings's Scope 1 emissions?
In 2024, the total Scope 1 emissions of AXIS Capital Holdings were 86 metric tons of CO₂ equivalent (tCO₂e). a
Has AXIS Capital Holdings reduced its Scope 1 emissions over time?
Since 2019, AXIS Capital Holdings's Scope 1 emissions have decreased by 68.15%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), AXIS Capital Holdings's Scope 1 emissions increased by 24.64%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are AXIS Capital Holdings's Scope 2 emissions?
In 2024, AXIS Capital Holdings reported Scope 2 greenhouse gas (GHG) emissions of 1,417 tCO₂e using the market-based method and 1,240 tCO₂e using the location-based method. a
What methodology does AXIS Capital Holdings use for Scope 2 reporting?
In 2024, AXIS Capital Holdings reported its Scope 2 emissions using the market-based method and using the location-based method. a
AXIS Capital Holdings's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into AXIS Capital Holdings's Value Chain Emissions
In 2024, AXIS Capital Holdings reported 2,850 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of AXIS Capital Holdings includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
AXIS Capital Holdings's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are AXIS Capital Holdings's Scope 3 emissions?
In 2024, AXIS Capital Holdings reported total Scope 3 emissions of 2,850 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 94.56% of these emissions originated from upstream activities such as purchased goods and capital goods, while 5.44% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), AXIS Capital Holdings's Scope 3 emissions decreased by 11.21%, highlighting the company's efforts to lower indirect emissions from its value chain. a b
What categories of Scope 3 emissions does AXIS Capital Holdings disclose?
In 2024, AXIS Capital Holdings reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of AXIS Capital Holdings's Scope 3 emissions?
In 2024, the largest contributors to AXIS Capital Holdings's Scope 3 emissions were: a
- Business Travel (Cat. 6): 2,695 tCO₂e (94.56%)
- Downstream Leased Assets (Cat. 13): 155 tCO₂e (5.44%)
AXIS Capital Holdings's Scope 3 Emissions by Categories
Insights into AXIS Capital Holdings’s GHG Emissions Intensity Compared to Industry Peers
In 2024, AXIS Capital Holdings reported Scope 1 greenhouse gas (GHG) emissions of 86 tCO₂e and total revenues of USD 6,014 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a
AXIS Capital Holdings's Scope 1 Emissions Intensity Compared to Peers
How does AXIS Capital Holdings's GHG emissions intensity compare to its peers?
In 2024, AXIS Capital Holdings reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 0.11 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does AXIS Capital Holdings rank on GHG emissions intensity within its industry?
In 2024, AXIS Capital Holdings ranked 5 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places AXIS Capital Holdings among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into AXIS Capital Holdings's Total Carbon Footprint
In 2024, AXIS Capital Holdings reported a total carbon footprint of 4,176 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.6% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to AXIS Capital Holdings's total carbon footprint was Scope 3 emissions, accounting for 68.25% of the company's total carbon footprint, followed by Scope 2 emissions at 29.69%. a