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 72% 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. Notably, business travel accounted for about 42,442,000 kg CO2e of the Scope 3 emissions. The combined total for Scope 1 and 2 emissions was approximately 46,845,000 kg CO2e (market-based). In 2023, the company’s emissions were higher, with Scope 1 emissions at about 30,162,000 kg CO2e, Scope 2 emissions at 31,731,000 kg CO2e (market-based), and Scope 3 emissions reaching approximately 46,240,000 kg CO2e. The total for Scope 1 and 2 emissions was around 61,893,000 kg CO2e (market-based). Liberty Mutual has set ambitious reduction targets, aiming to decrease Scope 1 and 2 emissions by 65% from 2019 levels by 2030. This commitment reflects the company's dedication to contributing to a low-carbon future. The targets are classified as absolute and are on track for the near term, indicating a proactive approach to climate action. Overall, Liberty Mutual's emissions data and reduction initiatives underscore its commitment to sustainability and climate responsibility within the insurance industry.
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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?
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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.
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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.
