CORPORATE RESPONSIBILITY

Greenhouse Gas Emissions

Our Emissions

Verisk has remained focused on a multiyear strategy that increases operational efficiency and lowers costs while delivering meaningful emissions reductions across its data processing activities, real estate footprint and building features, and vehicle fleet. Collectively, these actions contributed to a reduction in Verisk’s combined Scope 1 and 2 emissions of over 1,700 metric tons CO₂e for 2024 compared to the prior year.

The emissions were calculated as part of Verisk’s annual GHG inventory, which is conducted in accordance with the Greenhouse Gas Protocol. The inventory covered 100% of Verisk’s global operations, including one newly acquired business (Rocket) that began reporting the first full month following their integration. Emissions for AER were also included in the inventory for the month prior to its divestment.

Verisk reports emissions on both a location- and market-basis. For an explanation of the distinction between location-based and market-based reporting, please see the Greenhouse Gas Protocol. Absolute Scope 1 and 2 emissions calculated on a location-basis – that is, before renewable energy certificates (RECs) are applied – indicate that Verisk has exceeded its previous emissions target to reduce such emissions 21% by 2024, compared to a 2019 baseline. The 21% target was calculated by EcoOnline, a CDP-accredited solutions provider, using Science Based Targets guidance aligned with a 1.5°C global future.

Calculated on a market-basis, the lower emissions, coupled with the impact of Verisk’s investments in RECs and the application of carbon offsets on noted third-party verified emissions, helped Verisk balance 100% of its Scope 1, 2, and 3 (business air travel and downstream leased assets) emissions for the eighth consecutive year.

Results for the five-year period 2020-2024, can be found here. An independent third party provided external assurance over certain GHG emissions metrics, and their Report of Independent Accountants as well as our management assertion can be found here. Verisk also responds annually to CDP’s Corporate Questionnaire.

As of January 2025, the Science Based Targets initiative (SBTi) has validated that the science-based GHG emissions reductions targets submitted by Verisk conform with the SBTi Corporate Net Zero Standard.

Overall Net-Zero Target: Verisk commits to reach net-zero GHG emissions across the value chain by 2050.

Near-Term Targets:

- Reduce absolute scope 1 and 2 GHG emissions 58.8% by 2034 from 2022 base year
- Reduce absolute Scope 3 GHG emissions from purchased goods and services and capital goods 58.8% within the same timeframe
- Reduce Scope 3 GHG emissions from business travel 63.8% per FTE within the same timeframe

Long-Term Net-Zero Target: Commit to reduce absolute Scope 1, 2, and 3 GHG emissions 90% by 2050 from 2022 base year.