It’s clear that insurance companies could be doing far more than they are right now to clean up their own business behaviours … and be part of insuring against the consequences of climate heating and reducing their contribution to it.
But what about the reality of finding an insurance company that really is green?
In February 2026, I started searching for a green insurance company. At first it seemed simple, but turned into a full-blown quest.
I have broken the search into three parts, for easier digestion.
In the first part, I set out my criteria for green: that insurance companies are
- REPORTING their GHG emissions using the Greenhouse Gas Protocol [1];
- doing so CONSISTENTLY and
- and REDUCING their emissions over time.
Part 1 checked out 4 randomly chosen B Corp [2] insurers, who turned out to be brokers. Only 1 was consistently reporting their emissions by GHG Scope, though GHG emissions had increased (Bikmo).
Part 1 also checked out 4 randomly chosen ‘green insurance companies’ rated as green by green consumer sites. These ‘green insurance companies’ were also all brokers. And only 1 of these was part of a wider group that was consistently reporting its emissions by scope, with reduction in emissions for one year (Benefact Group).
In this second part of my search, let’s dig into price comparison sites and check out four underwriters.
The Search Continues…
Step 8
While physical brokers dominate insurance in the UK, many people also use price comparison websites. Do any of these websites report on insurance company Greenhouse Gas emissions?
In April 2026, I searched the ‘Big Four’ – the four most used price comparison sites in the UK.
The results are in the table below.
| Name | Business | GHG Reporting? | Any Impact Reporting? |
| Money Supermarket | Broker. Part of MONY Group Plc | No | No |
| GoCompare Ltd | Broker. Part of Future Plc | No | No |
| Confused.com | Broker. Part of RVU Services Limited, an Appointed Representative of Inspop.com Ltd (general insurance); Uswitch Ltd (boiler cover). | No | No |
| Compare the Market | Broker. Part of BGL Group | No | No |
Step 9
Let’s see what we got.
- The MONY Group Plc own MoneySuperMarket and reported GHG emissions using the Streamlined Energy and Carbon Reporting approach (i.e. same as Benefact Group) on Scope 1, Scope 2 and Scope 3 (employee mileage only) [3]. Scope 1 emissions between 2024 and 2025 had increased, while Scope 2 and 3 had reduced. MONY Group stated that full Scope 3 emissions data for previous years were reported to the CDP (Carbon Disclosure Project) – a check on the CDP website found that MONY Group scored a CDP B rating for the climate category only and no other disclosures were made [4].
- GoCompare Ltd was owned by Future Plc. Future Plc disclosed climate emissions to the CDP in 2025 and was rated B for climate but no other disclosures were made [4]. Future Plc’s 2024 Annual Report discussed emissions across three scopes. Total scope 1 and 2 emissions fell between 2022-2025. Future Plc reported on Scope 3 against 11 sub-categories of Scope 3 emission sources – these also fell between 2022 and 2024 [5].
- Confused.com is owned by RVU Services, which itself is part of ZPG Limited. ZPG Ltd Annual report for year 2024 report gave a carbon reduction target but there were no reports of actual Scope 1, 2, 3 emissions [6].
- Compare the Market (CTM) is part of the BGL Group, which is majority-owned by BHL (UK) Holdings Ltd with minority ownership by CPP Investments. Their Annual Report [7] reported Scope 1 and Scope 2 emissions 2025 and 2024, showing a slight reduction over time. There was no reporting against Scope 3.
Step 10
Decision time.
Future Plc fully met my criteria of reporting consistently and reducing their emissions over time.
I was impressed that Future Plc was digging into Scope 3 and reporting against its relevant Scope 3 categories. Scope 3 is widely acknowledged to be difficult to track and change. But the Group have made persistent efforts to report on this area. So even though the price comparison site (Go.Compare) doesn’t mention sustainability at all, the parent group meets my criteria of ‘green’ and became my best pick from this batch.
However, Go.Compare are still essentially a broker. What if we instead focused on the ultimate provider – the underwriters?
Step 8
This time I changed my approach and used a matrix to find an insurer that would report against all three Scopes in full and be reducing their GHG emissions over time.
In June 2026, I searched for an insurance underwriter that was simultaneously, on date of the search, also
- … the ultimate parent company (to avoid brokers)
- …had a CDP Corporate A or B score for both 2025 and 2024 (to identify commitment over time)
- …offered an investment fund with a Financial Conduct Authority (the UK regulator (FCA)) sustainability badge (assuming that there would be less greenwashing with the regulator watching).
The CDP listing and FCA sustainability labels are annual ‘badges’ so there will be companies that I miss – e.g., may have previously held certifications, or are application-in-process.
OK!
I hope that using multiple criteria to find an underwriter will get me to a clear definitive answer of an insurance company that is genuinely committed to cleaning up its corporate behaviour: as evidenced through its CDP listing, its FCA branded funds, and reducing emissions as detailed in their GHG reporting.
The results are set out in the table below.
| Name | Ultimate Parent | CDP 2024 | CDP 2025 | FCA Badge | GHG Reports |
| AXA | Yes | C (climate category) | Triple B (climate, forests, water) | Yes, 12 found | See figure below |
Note, CDP 2024 [8].
Step 9
I found one company that met the search criteria.
The French AXA brand started life in 1985 and through various acquisitions and mergers has become massive, with gross written insurance premiums (and other revenue) of Euro115,524 million in 2025.
The AXA Group’s reported GHG emissions fell against baseline in all of Scope 1, 2,3. I took a screenshot of their emissions reporting in 2024 and 20254 against their baseline set in 2019 [9].
(note: AXA mention regulated emissions schemes
Step 10
Decision time.
AXA was the only return that met both my search criteria in Step 9 and my decision criteria. AXA was reporting emissions consistently, and reducing emissions over time. Hence AXA become my pick.
The bottle neck in Step 9 was the FCA Sustainability branded funds.
I used Fidelity Investment Finder [9] for the search. I found insurance companies offering FCA Sustainability branded funds but were not disclosing GHG emissions to the CDP (e.g. Royal London). I also found insurance companies that were rated A/B by the CDP but were not offering FCA Sustainability badged funds (e.g. Legal and General). Many wealth fund managers dropped the word ‘sustainability’ from the fund title after 2024 when the FCA introduced the sustainability labelling rule to reduce greenwashing.
On the other hand, M&G plc offered FCA Sustainability badged funds and were on the CDP Corporate list for 2024 and 2025. But their CDP scores were C (for climate) in both years, so therefore also fell outside the search criteria.
This result is only good on the date the search was conducted and the information I could find at the time.
AXA Investment Managers (part of the AXA group) which manage the AXA FCA Sustainability badged funds, was sold to BNP Paribas in 2025. Remember, the FCA Sustainability badge is good for one year. so, if I undertake a similar search in 2027, I would get a different result.
In part three (LINK to follow), I consider over-insurance and summarise what we can be learnt from this quest for a green insurance company.
References
[1] World Resources Institute (2004/2015) The GHG Protocol Corporate Accounting and Reporting Standard Revised Edition https://www.wri.org/initiatives/greenhouse-gas-protocol
[2] B Corp https://bcorporation.uk/about-b-lab-uk/b-lab-uk/our-standards/
[3] MONY Group (2025) Annual Report and Accounts 2025: Helping Households Save Money Deeside
[4] CDP (2025) Public Corporate Scores https://cdp.net/en/data/scores#public-corporate-scores).
[5] Future (2026) Future Plc Annual Report Financial Year 2025 Bath, UK
[6] ZPG Limited (2025) Zephyr Midco 2 Limited: Annual Report and Financial Statements for the Year Ended 31 December 2024 Companies House
[7] BHL (UK) Holdings Limited (2026) Annual Report and Financial Statements Year ended 30 June 2025 Companies House
[8] CDP (2024) Public Corporate Scores https://www.cdp.net/en/data/scores-2024
[9] AXA (2026) Annual Financial Report Universal Registration Document 2025 Paris, France
[10] Fidelity (no date) Investment Finder Over 3000 Funds https://www.fidelity.co.uk/planning-guidance/investment-finder/