In 2024, Lancashire 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).
Lancashire Holdings has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 148.3a | 101.6a |
Total Scope 2 | ||
Market-Based | 223.7a | 280.6a |
Location-Based | N/A | N/A |
Total Scope 3 | 2,991.3a | 2,400.8a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0872a | 0.0728a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Lancashire Holdings amounted to 372 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 Lancashire Holdings decreased by 2.67%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Lancashire Holdings were 148.3 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Lancashire Holdings's Scope 1 emissions increased by 45.96%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Lancashire Holdings reported Scope 2 greenhouse gas (GHG) emissions of 223.7 tCO₂e using the market-based method.a
Compared to the previous year (2023), Lancashire Holdings's Scope 2 emissions (Market-Based) fell by 20.28% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Lancashire Holdings reported its Scope 2 emissions using the market-based method.a
In 2024, Lancashire Holdings reported 2,991.3 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 Lancashire Holdings includes a breakdown across 5 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
In 2024, Lancashire Holdings reported total Scope 3 emissions of 2,991.3 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
Compared to the previous year (2023), Lancashire Holdings's Scope 3 emissions increased by 24.6%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Lancashire Holdings reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Lancashire Holdings's Scope 3 emissions were:a
In 2024, Lancashire Holdings reported Scope 1 greenhouse gas (GHG) emissions of 148.3 tCO₂e and total revenues of USD 1,701 millions. This translates into an emissions intensity of 0.09 tCO₂e per millions USD.a
In 2024, Lancashire Holdings reported a Scope 1 emissions intensity of 0.09 tCO₂e per millions USD. Compared to the peer group median of 0.05, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Lancashire Holdings ranked 10 out of 16 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Lancashire Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Lancashire Holdings reported a total carbon footprint of 3,363.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.85% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Lancashire Holdings's total carbon footprint was Scope 3 emissions, accounting for 88.94% of the company's total carbon footprint, followed by Scope 2 emissions at 6.65%.a