Hanover Sustainability Profile
Hanover Insurance Group, commonly referred to as Hanover, is a prominent player in the insurance industry, headquartered in Worcester, Massachusetts, USA. Founded in 1852, the company has established itself as a leader in property and casualty insurance, serving a diverse range of clients across the United States. With a strong focus on commercial and personal lines, Hanover offers unique products such as tailored insurance solutions for businesses and comprehensive coverage for individuals. The company is recognised for its commitment to innovation and customer service, which has solidified its market position. Over the years, Hanover has achieved significant milestones, including strategic partnerships and expansions that enhance its operational reach. As a trusted name in the insurance sector, Hanover continues to deliver exceptional value and expertise to its clients.
DitchCarbon Score
How does Hanover'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.
Industry Average
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.
Industry Benchmark
Hanover's score of 28 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hanover's reported carbon emissions
In 2021, Hanover reported total carbon emissions of approximately 16,950,000 kg CO2e, comprising 1,695,000 kg CO2e from Scope 1, 851,000 kg CO2e from Scope 2, and about 5,204,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. This long-term target reflects Hanover's commitment to reducing its carbon footprint and addressing climate change effectively. The emissions data is sourced directly from The Hanover Insurance Group, Inc., with no cascaded data from parent or related organizations.
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| 2021 | |
|---|---|
| Scope 1 | 1,695,000 |
| Scope 2 | 851,000 |
| Scope 3 | 5,204,000 |
How Carbon Intensive is Hanover's Industry?
How Carbon Intensive is Hanover's Location?
Hanover's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hanover has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
