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Progressive, formally known as The Progressive Corporation, is a prominent US-based insurer headquartered in the United States. Established in 1937, it operates within the "Insurance and pension funding services, except compulsory social security services" sector (SIC 66), and has grown to become a leading provider across various insurance lines.
Specialising in personal and commercial insurance, Progressive offers a comprehensive suite of products including car, home, motorcycle, and commercial auto coverage. Its innovative approach is exemplified by tools like the Name Your Price® option and the Snapshot® usage-based insurance programme, which personalise policies for customers. This commitment to pioneering customer-centric solutions solidifies its position as a major market player in the US insurance landscape.
+1 vs industry average
Progressive’s score of 40 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Progressive reported its 2024 Scope 1 emissions as 32,281,000 kg CO2e and its Scope 2 emissions (market-based) as 5,265,000 kg CO2e. Additionally, the company disclosed Scope 3 emissions for business travel at 11,643,000 kg CO2e and employee commute at 14,120,000 kg CO2e for the same year.
For 2023, Progressive's Scope 1 emissions were 31,662,000 kg CO2e and Scope 2 emissions (market-based) were 12,750,000 kg CO2e. In 2022, Scope 1 emissions were 31,896,000 kg CO2e and Scope 2 emissions (market-based) were 16,553,000 kg CO2e.
Progressive has an aspirational goal to reduce its total Scope 1 and 2 emissions by 40% by 2030, using 2022 as a baseline year.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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