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Hanover Insurance Group, commonly referred to as Hanover, is a prominent player in the insurance and pension funding services sector, excluding compulsory social security services. Headquartered in the United States, Hanover operates extensively across various regions, providing tailored solutions to meet diverse client needs. Founded in 1852, the company has achieved significant milestones, establishing itself as a trusted name in the industry.
Hanover's core offerings include property and casualty insurance, as well as specialised pension funding services. What sets Hanover apart is its commitment to innovation and customer-centric solutions, ensuring clients receive comprehensive coverage and support. With a strong market position, Hanover has garnered numerous accolades for its financial strength and service excellence, solidifying its reputation as a leader in the insurance landscape.
30
DitchCarbon score
-9 vs industry average
Hanover’s score of 30 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2024
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hanover's reported carbon emissions
In 2021, Hanover reported total Scope 1 emissions of approximately 1.7 million kg CO2e, Scope 2 emissions of about 851,000 kg CO2e, and Scope 3 emissions of approximately 5.2 million kg CO2e. Hanover aims to achieve net zero Scope 1 and Scope 2 emissions by 2050. This commitment is based on their 2023 Sustainability Report.
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Hanover’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hanover14 days ago
30
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