In 2024, Verisk Analytics 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).
Verisk Analytics has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,387.6a | 2,332a | 2,594.7a | |
Total Scope 2 | ||||
Market-Based | 317.7a | 406.3a | 413.6a | |
Location-Based | 2,983.5a | 4,750.3a | 6,555.1a | |
Total Scope 3 | 59,321.7a | 75,446.4a | 72,656.4a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.8285a | 0.8697a | 1.0391a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Verisk Analytics amounted to 5,371.1 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 Verisk Analytics decreased by 24.16%, 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 Verisk Analytics were 2,387.6 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Verisk Analytics's Scope 1 emissions have decreased by 72.62%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Verisk Analytics's Scope 1 emissions increased by 2.38%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Verisk Analytics reported Scope 2 greenhouse gas (GHG) emissions of 317.7 tCO₂e using the market-based method and 2,983.5 tCO₂e using the location-based method.a
Since 2019, Verisk Analytics's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 74.39%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Verisk Analytics's Scope 2 emissions (Location-Based) fell by 37.19% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Verisk Analytics reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Verisk Analytics reported 59,321.7 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 Verisk Analytics includes a breakdown across 9 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, Verisk Analytics reported total Scope 3 emissions of 59,321.7 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 77.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 22.47% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Verisk Analytics's Scope 3 emissions have increased by 493.31%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Verisk Analytics's Scope 3 emissions decreased by 21.37%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Verisk Analytics reported emissions for 9 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 Verisk Analytics's Scope 3 emissions were:a
In 2024, Verisk Analytics reported Scope 1 greenhouse gas (GHG) emissions of 2,387.6 tCO₂e and total revenues of USD 2,882 millions. This translates into an emissions intensity of 0.83 tCO₂e per millions USD.a
In 2024, Verisk Analytics reported a Scope 1 emissions intensity of 0.83 tCO₂e per millions USD. Compared to the peer group median of 3.65, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Verisk Analytics ranked 9 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Verisk Analytics is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Verisk Analytics reported a total carbon footprint of 64,692.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.61% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Verisk Analytics's total carbon footprint was Scope 3 emissions, accounting for 91.7% of the company's total carbon footprint, followed by Scope 2 emissions at 4.61%.a