Verisk announced the launch of the insurance industry’s first Carbon Trust Assured Model for property claims in the UK, the Verisk Property Claims Carbon Calculator. This innovative tool empowers insurers to accurately measure, benchmark, and strategize to reduce the carbon footprint for their claims.
The calculator supports compliance with Scope 3 emissions reporting and advances sustainability leadership across the sector. Developed in collaboration with the Carbon Trust, the model is assured against ISO 14064-3:2019, PAS 2050, and GHG Protocol standards, leveraging over 2,000 construction sector emission factors.
Ben Blain, head of property for Verisk Claims UK, noted that the new calculator replaces assumptions with assured insight, giving insurers confidence to act on emissions data and meet compliance targets. The tool provides dashboard reporting and retrospective benchmarking, enabling insurers and suppliers to track emissions at the claim level and identify reduction opportunities.
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