Tower
Tower Insurance, commonly referred to as Tower, is a prominent insurance provider headquartered in New Zealand. Established in 1869, the company has evolved significantly, marking key milestones in the insurance industry, including its transition to a publicly listed entity. Tower primarily operates in New Zealand and the Pacific Islands, offering a comprehensive range of insurance products, including home, contents, and motor vehicle insurance. What sets Tower apart is its commitment to customer-centric solutions and innovative digital services, ensuring a seamless experience for policyholders. With a strong market position, Tower has garnered recognition for its reliability and responsiveness, making it a trusted choice for many New Zealanders. The company continues to adapt to changing market dynamics, reinforcing its status as a leader in the insurance sector.
DitchCarbon Score
How does Tower'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
Tower's score of 57 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tower's reported carbon emissions
In 2023, Tower reported total carbon emissions of approximately 12,506,000 kg CO2e, with emissions distributed across various scopes: 165,000 kg CO2e (Scope 1), 166,000 kg CO2e (Scope 2), and 183,000 kg CO2e (Scope 3). This marked a significant increase from 2022, where total emissions were about 4,467,000 kg CO2e, indicating a need for enhanced climate action. Tower has established ambitious science-based reduction targets, aiming for a 21% reduction in both Scope 1 and Scope 2 emissions by 2025, using 2020 as the baseline year (551,000 kg CO2e). This commitment reflects a proactive approach to mitigating climate impact and aligns with industry standards for sustainability. The company has consistently disclosed its emissions data across all relevant scopes, demonstrating transparency in its climate commitments. As Tower continues to navigate its sustainability journey, these targets will be crucial in driving down emissions and contributing to global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 169,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 207,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 209,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tower is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
