Cincinnati Financial Corporation, commonly referred to as Cincinnati Financial, is a prominent player in the insurance and financial services industry, headquartered in Cincinnati, Ohio, USA. Founded in 1950, the company has established itself as a leader in property and casualty insurance, as well as life insurance and investment services, serving clients primarily across the Midwest and Southern regions of the United States. Cincinnati Financial is renowned for its commitment to exceptional customer service and innovative insurance solutions, offering a range of products that include commercial and personal lines of insurance. The company’s strong market position is underscored by its consistent financial performance and a reputation for reliability, making it a trusted choice for individuals and businesses alike. With a focus on long-term relationships and community involvement, Cincinnati Financial continues to achieve notable milestones in the ever-evolving financial landscape.
How does Cincinnati Financial's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Cincinnati Financial's score of 11 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Cincinnati Financial reported total carbon emissions of approximately 14,066,000 kg CO2e for Scope 1 and 9,050,000 kg CO2e for Scope 2. This reflects a continued commitment to reducing their carbon footprint, with a total of about 23,116,000 kg CO2e from these two scopes. Over the years, Cincinnati Financial has demonstrated a trend of decreasing emissions. For instance, in 2020, the company recorded approximately 12,803,000 kg CO2e for Scope 1 and 11,605,000 kg CO2e for Scope 2, indicating a significant reduction in emissions by 2023. Despite the absence of specific reduction targets or initiatives outlined in their climate commitments, the company has consistently reported emissions data, showcasing transparency in their environmental impact. Cincinnati Financial's ongoing efforts to monitor and manage their carbon emissions align with industry standards for climate accountability.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | 17,914,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 2 | 22,899,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cincinnati Financial is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.