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Lancashire Holdings Ltd

Common Name
Lancashire Holdings
Country
Bermuda
Sector
Financial Services
Industry
Insurance - Specialty
Employees
450
Ticker
LRE
Exchange
LONDON STOCK EXCHANGE
Description
Lancashire Holdings Ltd. is a prominent insurance and reinsurance provider specializing in property, energy, marine, and aviation sectors. The company focuses on delivering risk management solutions t...

Lancashire Holdings's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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a
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a
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0000000
Location-Based
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0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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0000000
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Verified Sources Behind Lancashire Holdings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Lancashire Holdings’s data sources below and access millions more through our Disclosure Search.

a. Lancashire Holdings's Annual Report 2024
a. Lancashire Holdings's Annual Report 2024

Insights into Lancashire Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofLancashire Holdings amounted to372metric 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 Holdingsdecreased by 2.67%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Lancashire Holdings's Scope 1 Emissions Over Time

2023202404080120160tCO2e+46%
  • Total Scope 1
  • Year-over-Year Change

What are Lancashire Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Lancashire Holdings were 148.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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

What are Lancashire Holdings's Scope 2 emissions?

In 2024, Lancashire Holdings reported Scope 2 greenhouse gas (GHG) emissions of 223.7 tCOâ‚‚e using the market-based method.a

Has Lancashire Holdings reduced its Scope 2 emissions over time?

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

What methodology does Lancashire Holdings use for Scope 2 reporting?

In 2024, Lancashire Holdings reported its Scope 2 emissions using the market-based method.a

Lancashire Holdings's Scope 2 Emissions Over Time

20232024075150225300tCO2e
  • Total Scope 2 Market-Based

Insights into Lancashire Holdings's Value Chain Emissions

In 2024, Lancashire Holdings reported 2,991.3 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 Lancashire Holdings includes a breakdown across 5of 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

Lancashire Holdings's Scope 3 Emissions Over Time

2023202407501.5 k2.25 k3 ktCO2e+25%
  • Total Scope 3
  • Year-over-Year Change

What are Lancashire Holdings's Scope 3 emissions?

In 2024, Lancashire Holdings reported total Scope 3 emissions of 2,991.3 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

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

What categories of Scope 3 emissions does Lancashire Holdings disclose?

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.

What are the main sources of Lancashire Holdings's Scope 3 emissions?

In 2024, the largest contributors to Lancashire Holdings's Scope 3 emissions were:a

  • Business Travel (Cat. 6): 2,677.9 tCOâ‚‚e(89.52%)
  • Employee Commuting (Cat. 7): 208.8 tCOâ‚‚e(6.98%)
  • Fuel- and Energy-Related Services (Cat. 3): 99.2 tCOâ‚‚e(3.32%)

Lancashire Holdings's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(3.3%)Business Travel(Cat. 6)(89.5%)Employee Commuting(Cat. 7)(7.0%)

Insights into Lancashire Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Lancashire Holdings reported Scope 1 greenhouse gas (GHG) emissions of 148.3 tCOâ‚‚e and total revenues of USD 1,112 millions. This translates into an emissions intensity of 0.13 tCOâ‚‚e per millions USD.a

Lancashire Holdings's Scope 1 Emissions Intensity Compared to Peers

102002,00020,000Scope 1 Emissions (tCO2e)1005002,0005,00020,000Revenues (Millions of USD)GLLEnact HoldingsYear: 2024Scope 1: 196 tCO2eRevenue: $M 1,205Scope 1 Intensity: 0.16 tCO2e/$MJust GroupYear: 2024Scope 1: 70 tCO2eRevenue: $M 374Scope 1 Intensity: 0.19 tCO2e/$MRadian GroupYear: 2024Scope 1: 35 tCO2eRevenue: $M 1,290Scope 1 Intensity: 0.03 tCO2e/$MRenaissancere HoldingsYear: 2024Scope 1: 92 tCO2eRevenue: $M 11,646Scope 1 Intensity: 0.01 tCO2e/$MBupa Arabia for Cooperative InsuranceYear: 2024Scope 1: 117 tCO2eRevenue: $M 5,009Scope 1 Intensity: 0.02 tCO2e/$MMedibankYear: 2025Scope 1: 58 tCO2eRevenue: $M 5,621Scope 1 Intensity: 0.01 tCO2e/$MProtector ForsikringYear: 2022Scope 1: 1 tCO2eRevenue: $M 622Scope 1 Intensity: 0.00 tCO2e/$MFirst American FinancialYear: 2024Scope 1: 4,193 tCO2eRevenue: $M 6,120Scope 1 Intensity: 0.69 tCO2e/$MSantamYear: 2024Scope 1: 1,601 tCO2eRevenue: $M 2,658Scope 1 Intensity: 0.60 tCO2e/$MBeazleyYear: 2024Scope 1: 8 tCO2eRevenue: $M 747Scope 1 Intensity: 0.01 tCO2e/$MAXIS Capital HoldingsYear: 2024Scope 1: 86 tCO2eRevenue: $M 6,014Scope 1 Intensity: 0.01 tCO2e/$MNIB HoldingsYear: 2025Scope 1: 60 tCO2eRevenue: $M 2,360Scope 1 Intensity: 0.03 tCO2e/$MBTNYear: 2023Scope 1: 7,282 tCO2eRevenue: $M 1,056Scope 1 Intensity: 6.90 tCO2e/$MKiatnakin Phatra BankYear: 2023Scope 1: 3,406 tCO2eRevenue: $M 747Scope 1 Intensity: 4.56 tCO2e/$MGGGrenkeYear: 2024Scope 1: 2,690 tCO2eRevenue: $M 852Scope 1 Intensity: 3.16 tCO2e/$MBanrisulYear: 2024Scope 1: 1,079 tCO2eRevenue: $M 1,366Scope 1 Intensity: 0.79 tCO2e/$MLLLinea Directa Aseguradora SA Compania de Seguros y ReasegurosYear: 2024Scope 1: 527 tCO2eRevenue: $M 1,039Scope 1 Intensity: 0.51 tCO2e/$MDah Sing Financial HoldingsYear: 2023Scope 1: 96 tCO2eRevenue: $M 795Scope 1 Intensity: 0.12 tCO2e/$MLLLancashire HoldingsYear: 2024Scope 1: 148 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.13 tCO2e/$M

How does Lancashire Holdings's GHG emissions intensity compare to its peers?

In 2024, Lancashire Holdings reported a Scope 1 emissions intensity of 0.13 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.14, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Lancashire Holdings rank on GHG emissions intensity within its industry?

In 2024, Lancashire Holdings ranked 10 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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

Insights into Lancashire Holdings's Total Carbon Footprint

In 2024, Lancashire Holdings reported a total carbon footprint of 3,363.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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

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