In 2024, Palomar 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).
However, Palomar Holdings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 222a | 97b | 98b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 704a | 52b | 45.6b | |
Total Scope 3 | 14,666a | 14,238b | 14,161b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4042a | 0.2601b | 0.2996b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Palomar Holdings amounted to 926 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 Palomar Holdings increased by 521.48%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Palomar Holdings were 222 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Palomar Holdings's Scope 1 emissions have increased by 126.53%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Palomar Holdings's Scope 1 emissions increased by 128.87%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Palomar Holdings reported Scope 2 greenhouse gas (GHG) emissions of 704 tCO₂e without specifying the calculation method.a
Since 2022, Palomar Holdings's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 1,443.86%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Palomar Holdings's Scope 2 emissions (Unspecified Calculation Method) rose by 1,253.85% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Palomar Holdings reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Palomar Holdings reported 14,666 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 Palomar Holdings includes a breakdown across 0 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, Palomar Holdings reported total Scope 3 emissions of 14,666 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Palomar Holdings's Scope 3 emissionshave remained relatively stable, indicating that Palomar Holdings's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), Palomar Holdings's Scope 3 emissions remained relatively stable, indicating that Palomar Holdings's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Palomar Holdings reported Scope 1 greenhouse gas (GHG) emissions of 222 tCO₂e and total revenues of USD 549 millions. This translates into an emissions intensity of 0.4 tCO₂e per millions USD.a
In 2024, Palomar Holdings reported a Scope 1 emissions intensity of 0.4 tCO₂e per millions USD. Compared to the peer group median of 0.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Palomar Holdings ranked 12 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Palomar Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Palomar Holdings reported a total carbon footprint of 15,592 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.38% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Palomar Holdings's total carbon footprint was Scope 3 emissions, accounting for 94.06% of the company's total carbon footprint, followed by Scope 2 emissions at 4.52%.a