Liberty Mutual Holding Company Inc. Sustainability Profile
Liberty Mutual Holding Company Inc., commonly known as Liberty Mutual, is a prominent player in the global insurance industry, headquartered in the United States. Founded in 1912, the company has grown to become one of the largest property and casualty insurers in the world, with significant operations across North America, Europe, and Asia. Liberty Mutual offers a diverse range of insurance products, including personal and commercial auto, homeowners, and workers' compensation insurance. What sets them apart is their commitment to customer-centric solutions and innovative coverage options tailored to meet the evolving needs of policyholders. With a strong market position, Liberty Mutual has consistently been recognised for its financial strength and customer service excellence, making it a trusted choice for millions seeking reliable insurance solutions.
DitchCarbon Score
How does Liberty Mutual Holding Company 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.
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
Liberty Mutual Holding Company Inc.'s score of 57 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Liberty Mutual Holding Company Inc.'s reported carbon emissions
In 2024, Liberty Mutual Holding Company Inc. reported total carbon emissions of approximately 22,717,000 kg CO2e for Scope 1, 24,128,000 kg CO2e for Scope 2 (market-based), and 43,117,000 kg CO2e for Scope 3 emissions. The company's Scope 1 and 2 emissions combined totalled about 46,845,000 kg CO2e (market-based). In 2023, emissions were higher, with Scope 1 at approximately 30,162,000 kg CO2e, Scope 2 (market-based) at about 31,731,000 kg CO2e, and Scope 3 at around 46,240,000 kg CO2e. Liberty Mutual has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 65% from 2019 levels by the year 2030. This target reflects the company's dedication to contributing to a low-carbon future. The commitment is part of their broader strategy to enhance sustainability and mitigate climate impact. The emissions data is not cascaded from any parent organization, indicating that Liberty Mutual independently reports its carbon footprint and climate initiatives.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 29,236,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 36,791,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 29,519,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Liberty Mutual Holding Company Inc.'s Industry?
How Carbon Intensive is Liberty Mutual Holding Company Inc.'s Location?
Liberty Mutual Holding Company Inc.'s Scope 3 Categories Breakdown
Liberty Mutual Holding Company Inc.'s Scope 3 emissions, which decreased by 7% last year and increased by approximately 46% since 2022, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 48% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
Liberty Mutual Holding Company Inc.'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.
Liberty Mutual Holding Company Inc. 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.
