Public Profile

Hanover

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.

23

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.

26

Industry Benchmark

Hanover's score of 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

21%

Hanover's reported carbon emissions

In 2021, Hanover reported carbon emissions of approximately 8.3 tonnes CO2e per square foot at its Howell Campus, reflecting a significant reduction from 10.5 tonnes CO2e in 2020 and 10.0 tonnes CO2e in 2019. This downward trend indicates Hanover's commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has not provided data on Scope 1, 2, or 3 emissions, nor has it established any formal climate pledges or targets through the Science Based Targets initiative (SBTi). As Hanover continues to operate globally, its focus on sustainability and emissions reduction remains a critical aspect of its corporate strategy.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hanover's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Hanover is headquartered in US, which has a rank of low, indicating low grid carbon intensity.

Reduction initiatives & disclosure networks

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.

Hanover 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

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