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Canopius is a specialised insurer that offers practical solutions for complex risks.
It is committed to building a more sustainable world and a better planet for future generations.

Canopius has partnered with Furthr as part of its broader ESG strategy to reduce emissions and develop a clear pathway to Net Zero. Through this partnership, Canopius is investing in high-quality carbon offsets to reduce its environmental impact at work, home and in their communities.

Impact
Spotlight
Highlights

17,589

2024 Footprint (tCO2e)

5,800

tCO2e Offset

3

Projects in Offset Portfolio

13

Project SDGs Certified

Emissions Breakdown
2023
2024
Annual Comparison

Emissions by Scope

Scope 3 Emissions

Canopius is established

Canopius was founded in December 2003, via a management buyout.

2003

Launch of responsible underwriting framework

Canopius implements a specialised framework to develop solutions that are commercially sound and socially responsible, whilst taking to account ESG-informed underwriting standards and insights.

2024

New sustainability milestones achieved

As part of its true commitment to sustainability, Canopius launches its mandatory sustainability school training and an initiative to explore nature and biodiversity risk.

2024

First offset

Canopius partners with Furthr to offset its emissions for 2024.

2025

London office Net Zero

22 Bishopsgate (Canopius' main London office) has pledged to become Net Zero by 2030.

2030

Australia office Net Zero

Canopius Sydney office has pledged to become Net Zero by 2050.

2050

Canopius' Climate Journey
Impact

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10,000

Flights
London-Rome

204o

Car Trips
London-Manchester

10,000

M² Sea Ice
Saved

10,000

Beef Steak
Consumed

204o

Years of
Home Power

10,000

Parcels
Delivered

Reports
Carbon Offset Portfolio

80%

Carbon Removal

20%

Carbon Reduction

​

​

1160

tCO2e offset

Social Housing Decarbonisation, UK

2320

tCO2e offset

Mangrove Restoration Project, Pakistan

2320

tCO2e offset

CO2OL Biodiverse Forests, Panama

Projects Supported

The Problem

Home emissions, primarily coming from heating and electricity use, account for almost a quarter of the UK’s total carbon emissions. The government’s advisory body has stated that the UK will not meet its emissions targets “without near complete decarbonisation of the housing stock”, but inefficiencies in older houses represent a significant barrier.

The Solution

The project addresses climate change and fuel poverty by funding the affordable retrofitting of UK housing stock. This includes: - Adding insulation to homes to prevent heat loss. - Improving the efficiency of, or replacing, central heating components. To ensure additionality, the project targets social housing and households which could not afford retrofit investments. The monitoring period is set to 7 years, to ensure that the credits account for possible changes in government budgeting.

Social Housing Decarbonisation, UK

United Kingdom

6

Energy Efficiency

Carbon Avoidance

2024 -

1,160

tCO2e offset

2022 - 

1000

tCO2e offset

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Social Housing Decarbonisation, UK

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The Problem

In Pakistan, 34% of mangrove forests were lost between 1990 and 2010, leading to floods, land erosion, and significantly lower sequestration of atmospheric carbon. Mangroves wetland serve as a carbon sink, stabilize coastal regions, and have a wealth of biodiversity, including large numbers of migratory shorebirds. They are also home to thousands of people who rely on the trading of shellfish and crab for their living.

The Solution

This 60-years project is implemented over an area of 350,000 ha. It will deliver GHG removals through afforestation, reforestation and revegetation of 226,000 ha of degraded tidal wetlands.

Mangrove Restoration Project, Pakistan

Pakistan

9

Afforestation (ARR)

Carbon Removal

2024 -

1,160

tCO2e offset

2022 - 

1000

tCO2e offset

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Mangrove Restoration Project, Pakistan

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The Problem

From 2002 to 2023, Panama lost 19% of its total tree cover. This includes large areas of primary forests, cut down to make way for agriculture and mono-cropping. These changes to the landscape limit the country’s carbon sequestration capacity, threaten biodiversity and leave parts of Panama at much higher risk of erosion, soil degradation, and contamination from agricultural runoff.

The Solution

ForestFinance are reforesting land previously used for cattle ranching with a mixture of native species, species used for sustainable timber production and organic agriculture. This combination promotes biodiversity in the area, improves carbon sequestration, and supports economic growth in the region.

CO2OL Biodiverse Forests, Panama

Panama

5

Afforestation (ARR)

Carbon Removal

2024 -

1,160

tCO2e offset

2022 - 

1000

tCO2e offset

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CO2OL Biodiverse Forests, Panama

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