Chubb Ltd
Chubb's GHG Emissions Data Preview
In 2023, Chubb 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).
Chubb has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | 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 |
Location-Based | 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 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.  c | 0000000 |
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Verified Sources Behind Chubb’s Greenhouse Gas (GHG) Emissions Data
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Insights into Chubb's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Chubb amounted to 59,133 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 2022, the total operational greenhouse gas (GHG) emissions of Chubb decreased by 1.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Chubb's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Chubb's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Chubb were 23,017 metric tons of CO₂ equivalent (tCO₂e). a
Has Chubb reduced its Scope 1 emissions over time?
Since 2018, Chubb's Scope 1 emissions have decreased by 11.64%, reflecting a declining long-term trend in Scope 1 emissions over time. a d
Compared to the previous year (2022), Chubb's Scope 1 emissions increased by 2.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Chubb's Scope 2 emissions?
In 2023, Chubb reported Scope 2 greenhouse gas (GHG) emissions of 8,530 tCO₂e using the market-based method and 36,116 tCO₂e using the location-based method. a
Has Chubb reduced its Scope 2 emissions over time?
Since 2018, Chubb's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 23.47%, reflecting a declining long-term trend in Scope 2 emissions over time. a d
Compared to the previous year (2022), Chubb's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Chubb 's emissions have plateaued with no significant change in its energy consumption footprint. a b
What methodology does Chubb use for Scope 2 reporting?
In 2023, Chubb reported its Scope 2 emissions using the market-based method and using the location-based method. a
Chubb's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Chubb's Value Chain Emissions
In 2023, Chubb reported 18,811 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 2023 disclosure of Chubb includes a breakdown across 1 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. a
Chubb's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Chubb's Scope 3 emissions?
In 2023, Chubb reported total Scope 3 emissions of 18,811 metric tons of CO₂ equivalent (tCO₂e). a
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. a
Has Chubb reduced its Scope 3 emissions over time?
Since 2018, Chubb's Scope 3 emissions have remained relatively stable, indicating that Chubb 's emissions have plateaued with no significant change in its value chain footprint. a d
Compared to the previous year (2022), Chubb's Scope 3 emissions remained relatively stable, indicating that Chubb 's emissions have plateaued with no significant change in its value chain footprint. a b
What categories of Scope 3 emissions does Chubb disclose?
In 2023, Chubb reported emissions for 1 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 Chubb's Scope 3 emissions?
In 2023, the largest contributors to Chubb's Scope 3 emissions were: a
- Business Travel (Cat. 6): 18,811 tCO₂e (100%)
Chubb's Scope 3 Emissions by Categories
Insights into Chubb's Total Carbon Footprint
In 2023, Chubb reported a total carbon footprint of 77,944 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.45% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Chubb's total carbon footprint was Scope 2 emissions, accounting for 46.34% of the company's total carbon footprint, followed by Scope 1 emissions at 29.53%. a