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Chubb Ltd
Chubb's GHG Emissions Data Preview
In 2024, 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) | 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.  b | Copy restricted. Please purchase to unlock this data.  b | 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.  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.  b | 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 |
Verified Sources Behind Chubb’s Greenhouse Gas (GHG) Emissions Data
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Insights into Chubb's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofChubb amounted to87,336metric 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 Chubbincreased by 47.69%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Chubb's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Chubb's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Chubb were 28,246 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Chubb reduced its Scope 1 emissions over time?
Since 2019, Chubb's Scope 1 emissions have increased by 7.27%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Chubb's Scope 1 emissions increased by 22.72%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Chubb's Scope 2 emissions?
In 2024, Chubb reported Scope 2 greenhouse gas (GHG) emissions of 7,643 tCOâ‚‚e using the market-based method and 59,090 tCOâ‚‚e using the location-based method.a
Has Chubb reduced its Scope 2 emissions over time?
Since 2019, Chubb's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 33.41%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), Chubb's Scope 2 emissions(Location-Based) rose by 63.61% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does Chubb use for Scope 2 reporting?
In 2024, 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 2024, Chubb reported 45,732 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Chubb includes a breakdown across 1of 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
Chubb's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Chubb's Scope 3 emissions?
In 2024, Chubb reported total Scope 3 emissions of 45,732 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 2019, Chubb's Scope 3 emissionshave increased by 56.66%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Chubb's Scope 3 emissions increased by 143.11%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does Chubb disclose?
In 2024, 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 2024, the largest contributors to Chubb's Scope 3 emissions were:a
- Business Travel (Cat. 6): 45,732 tCOâ‚‚e(100%)
Chubb's Scope 3 Emissions by Categories
Insights into Chubb’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Chubb reported Scope 1 greenhouse gas (GHG) emissions of 28,246 tCOâ‚‚e and total revenues of USD 56,155 millions. This translates into an emissions intensity of 0.5 tCOâ‚‚e per millions USD.a
Chubb's Scope 1 Emissions Intensity Compared to Peers
How does Chubb's GHG emissions intensity compare to its peers?
In 2024, Chubb reported a Scope 1 emissions intensity of 0.5 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.39, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Chubb rank on GHG emissions intensity within its industry?
In 2024, Chubb ranked 18 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Chubb among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Chubb's Total Carbon Footprint
In 2024, Chubb reported a total carbon footprint of 133,068 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 70.72% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Chubb's total carbon footprint was Scope 2 emissions, accounting for 44.41% of the company's total carbon footprint, followed by Scope 3 emissions at 34.37%.a