The Hartford Steam Boiler Inspection and Insurance Company Sustainability Profile
The Hartford Steam Boiler Inspection and Insurance Company, commonly known as HSB, is a leading provider of insurance and inspection services headquartered in the United States. Established in 1866, HSB has built a strong reputation in the specialty insurance sector, focusing on equipment breakdown, cyber risk, and renewable energy solutions. With a significant presence across North America and Europe, the company has achieved notable milestones, including its integration into the Munich Re Group, enhancing its global reach and expertise. HSB's core offerings include comprehensive insurance products and risk management services that are uniquely tailored to meet the needs of various industries. Renowned for its innovative approach, HSB stands out in the market with its commitment to safety and reliability, making it a trusted partner for businesses seeking to mitigate risks associated with equipment failure and emerging technologies.
DitchCarbon Score
How does The Hartford Steam Boiler Inspection and 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 Hartford Steam Boiler Inspection and Insurance Company's score of 59 is higher than 75% 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 Hartford Steam Boiler Inspection and Insurance Company currently does not report specific carbon emissions data, as no emissions figures are available. However, it is important to note that the company is a current subsidiary of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, which may influence its climate commitments and reporting practices. As a subsidiary, The Hartford Steam Boiler Inspection and Insurance Company may inherit climate initiatives and targets from its parent organization. Münchener Rück has established a framework for climate action, which could include significant reduction targets and commitments that may cascade down to its subsidiaries. However, specific reduction targets or achievements for The Hartford Steam Boiler Inspection and Insurance Company have not been disclosed. In the absence of direct emissions data and reduction initiatives, it is essential to consider the broader context of the insurance and inspection industry, which is increasingly focusing on sustainability and climate resilience. Companies in this sector are often encouraged to adopt science-based targets and participate in initiatives such as the Carbon Disclosure Project (CDP) to enhance transparency and accountability regarding their environmental impact. Overall, while The Hartford Steam Boiler Inspection and Insurance Company does not currently provide specific emissions data or reduction targets, its affiliation with Münchener Rück suggests a potential alignment with industry standards and climate commitments.
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Access structured emissions data, company-specific emission factors, and source documents
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 58,929,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 77,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 32,012,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is The Hartford Steam Boiler Inspection and Insurance Company's Industry?
How Carbon Intensive is The Hartford Steam Boiler Inspection and Insurance Company's Location?
The Hartford Steam Boiler Inspection and Insurance Company's Scope 3 Categories Breakdown
The Hartford Steam Boiler Inspection and Insurance Company's Scope 3 emissions, which increased by 140% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
The Hartford Steam Boiler Inspection and 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 Hartford Steam Boiler Inspection and 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.
