The Hanover Insurance Company Sustainability Profile
The Hanover Insurance Company, often referred to simply as Hanover, is a prominent player in the insurance industry, headquartered in Worcester, Massachusetts, USA. Founded in 1852, the company has established a strong presence across various operational regions, including the Northeast, Midwest, and parts of the South. Specialising in property and casualty insurance, Hanover offers a diverse range of products, including personal and commercial lines, as well as specialty insurance solutions. What sets Hanover apart is its commitment to tailored coverage and exceptional customer service, ensuring clients receive personalised solutions that meet their unique needs. With a rich history marked by significant milestones, Hanover has earned a reputation for reliability and innovation, positioning itself as a trusted partner in risk management. The company’s dedication to excellence has garnered numerous accolades, solidifying its status as a leader in the insurance market.
DitchCarbon Score
How does The Hanover Insurance Company'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
The Hanover Insurance Company's score of 25 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Hanover Insurance Company, headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. However, it is important to note that emissions data may be cascaded from its parent organization, The Hanover Insurance Group, Inc., at a cascade level of 2. This means that any climate commitments or performance metrics may reflect broader initiatives undertaken by the parent company. As of now, The Hanover Insurance Company has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other recognised frameworks. The absence of documented reduction initiatives suggests that the company is still in the process of developing its climate strategy. In the context of the insurance industry, many companies are increasingly focusing on sustainability and carbon reduction. The Hanover Insurance Company may benefit from aligning its efforts with industry standards and best practices to enhance its climate commitments in the future.
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| 2021 | |
|---|---|
| Scope 1 | 1,695,000 |
| Scope 2 | 851,000 |
| Scope 3 | 5,204,000 |
How Carbon Intensive is The Hanover Insurance Company's Industry?
How Carbon Intensive is The Hanover Insurance Company's Location?
The Hanover Insurance Company'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.
The Hanover Insurance Company 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.
