Greenhouse Gas Emissions - Argo Group

Greenhouse Gas Emissions

Our Scope 2 emissions result is exclusively from purchased electricity and represents 93 percent of our Scope 1 and 2 emissions. We used the ISO 14064-1 greenhouse gases-part 1: specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals, to quantify, monitor, report and verify our GHG emissions.

With 2019 as our base year for calculation, our methodology for measuring carbon footprint is evolving, and some data gaps exist. The following key points from our methodology ensure transparency in our approach.

Our organization is made up of multiple facilities, our GHG calculation was based on the equity share approach. As a global company with operations in different jurisdictions we determined our GHG inventory across 40 locations.

Scope 3 is the indirect emissions in a company’s value chain, such as business travel. Our scope 3 business travel has been quantified by air travel only. We have several travel agents that we collected data to establish a baseline for 2019 business air travel. When there were gaps in the information, estimates were made based on data from another travel provider used in the same analysis; this was our calculation method.

Our scope 3 data has allowed us to examine new business goals on our inventory, by recognizing and understanding the risks and opportunities associated with value chain emissions, and identifying GHG reduction opportunities, by setting reduction targets and tracking performance.

Should there be any changes to the qualitative and/or quantitative criterion used to define or any significant changes to the data, inventory boundary, methods, or any other relevant factors, we will recalculate the base year. A significance threshold that triggers a base year emissions recalculation will be disclosed.

Efforts were made to find the appropriate internationally recognized sources for all global emission factors, and where it was not possible, comparable conservative estimates were made. Assumptions made in the calculations of emission factors also contribute to the variations in the data that may to the base year being recalculated.

2020 Greenhouse Gas Emissions Data