Core Insights - Verisk has launched the first Carbon Trust Assured Model for property claims in the UK, aimed at helping insurers measure and reduce their carbon footprint [1][2] - The new tool supports compliance with Scope 3 emissions reporting and promotes sustainability leadership within the insurance sector [1][4] Product Details - The Carbon Calculator was developed in collaboration with the Carbon Trust and is designed to meet the demand for transparent sustainability solutions in the insurance and property repair sectors [2] - It is assured against ISO 14064-3:2019, PAS 2050, and GHG Protocol standards, utilizing over 2,000 construction sector emission factors and Environmental Product Declarations (EPDs) [2] Industry Impact - The calculator provides insurers with insights through dashboard reporting and retrospective benchmarking, allowing them to track emissions at the claim level and identify carbon reduction opportunities [3] - The Association of British Insurers (ABI) has urged firms to review their disclosures and set Net Zero targets for all scopes by 2025, making Verisk's solution a timely response to these regulatory pressures [4] Company Strategy - Verisk is committed to advancing sustainable business practices through data-driven innovation and global risk intelligence, integrating geospatial analytics and climate science [5] - The company aims to empower clients to make informed decisions regarding environmental challenges, thereby enhancing resilience across various sectors [6]