Beazley PLC
Beazley's GHG Emissions Data Preview
In 2023, Beazley 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).
Beazley has also provided a category-level breakdown for 3 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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 Beazley's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Beazley amounted to 831.85 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 Beazley decreased by 17.8%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Beazley's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Beazley's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Beazley were 2.13 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Beazley reduced its Scope 1 emissions over time?
Since 2019, Beazley's Scope 1 emissions have decreased by 89.9%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Beazley's Scope 1 emissions decreased by 96.73%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Beazley's Scope 2 emissions?
In 2023, Beazley reported Scope 2 greenhouse gas (GHG) emissions of 618.67 tCOâ‚‚e using the market-based method, and 829.72 tCOâ‚‚e using the location-based method.
Has Beazley reduced its Scope 2 emissions over time?
Since 2019, Beazley's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 50.39%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Beazley's Scope 2 emissions (Location-Based) fell by 12.37% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does Beazley use for Scope 2 reporting?
In 2023, Beazley reported its Scope 2 emissions using the market-based method and using the location-based method.
Beazley's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Beazley's Value Chain Emissions
In 2023, Beazley reported 5,958.07 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 Beazley includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Beazley's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Beazley's Scope 3 emissions?
In 2023, Beazley reported total Scope 3 emissions of 5,958.07 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Beazley reduced its Scope 3 emissions over time?
Since 2019, Beazley's Scope 3 emissions have decreased by 11.41%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Beazley's Scope 3 emissions increased by 51.22%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Beazley disclose?
In 2023, Beazley reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Beazley's Scope 3 emissions?
In 2023, the largest contributors to Beazley's Scope 3 emissions were:
- Business Travel (Cat. 6): 5,928.92 tCOâ‚‚e (99.51%)
- Fuel- and Energy-Related Services (Cat. 3): 29.15 tCOâ‚‚e (0.49%)
- Purchased Goods and Services (Cat. 1): 0 tCOâ‚‚e (0%)
Beazley's Scope 3 Emissions by Categories
Insights into Beazley's Total Carbon Footprint
In 2023, Beazley reported a total carbon footprint of 6,789.92 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 37.11% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Beazley's total carbon footprint was Scope 3 emissions, accounting for 87.75% of the company's total carbon footprint, followed by Scope 2 emissions at 12.22%.