Hagerty, Inc., a leading name in the automotive insurance industry, is headquartered in the United States and operates extensively across North America and Europe. Founded in 1984, Hagerty has established itself as a premier provider of classic car insurance, offering specialised coverage tailored to the unique needs of vintage and collector vehicles. The company’s core services include insurance, valuation tools, and automotive lifestyle products, all designed to protect and enhance the ownership experience of classic car enthusiasts. Hagerty's commitment to customer service and its deep understanding of the classic car market have positioned it as a trusted partner for collectors. With a strong market presence and a growing community of car lovers, Hagerty continues to achieve notable milestones, solidifying its reputation as a leader in the niche automotive insurance sector.
How does Hagerty, Inc.'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 Insurance Services 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.
Hagerty, Inc.'s score of 23 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2021, Hagerty, Inc. reported total carbon emissions of approximately 6,000,000 kg CO2e, comprising emissions from Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions were about 1,994,000 kg CO2e, while Scope 2 emissions totalled approximately 2,224,000 kg CO2e. The most significant contributor to their overall emissions was Scope 3, which accounted for about 2,663,000 kg CO2e. Within Scope 3, the largest sources included purchased goods and services (approximately 1,994,000 kg CO2e) and capital goods (around 2,224,000 kg CO2e). Despite the substantial emissions figures, Hagerty, Inc. has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments or reduction strategies suggests that the company may still be in the early stages of developing a comprehensive climate action plan. As the automotive and insurance industries increasingly focus on sustainability, Hagerty's future commitments will be crucial in aligning with industry standards and addressing climate change effectively.
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.
Hagerty, Inc. is not participating in any of the initiatives that 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.