Travelers Companies, Inc., commonly known as Travelers, is a leading provider of property and casualty insurance headquartered in New York City, US. Founded in 1853, the company has established a strong presence across North America, with significant operations in the United States and Canada. Specialising in a diverse range of insurance products, including personal, commercial, and specialty lines, Travelers is renowned for its innovative risk management solutions and exceptional customer service. The company has achieved notable milestones, such as being listed on the Fortune 500 and consistently earning high ratings for financial strength. With a commitment to leveraging technology and data analytics, Travelers stands out in the insurance industry, ensuring tailored coverage that meets the evolving needs of its clients. Its market position is further solidified by a reputation for reliability and a robust claims handling process.
How does Travelers'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.
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.
Travelers's score of 65 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Travelers reported total greenhouse gas emissions of approximately 38,635,000 kg CO2e from Scope 1 and 2, with Scope 1 emissions at about 19,586,000 kg CO2e and Scope 2 emissions at approximately 19,049,000 kg CO2e. Additionally, Scope 3 emissions from business travel were reported at about 15,762,000 kg CO2e. This data reflects a commitment to transparency in emissions reporting across all scopes. Travelers has set ambitious climate targets, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 40% by 2020, using 2011 as the base year. Although the specific achievement of this target is not detailed, the company continues to pursue significant reductions. Furthermore, they have committed to reaching net-zero emissions across their entire value chain by 2050, with interim targets of reducing Scope 1 and 2 emissions by 46.2% and Scope 3 emissions by 27.5% by 2030, both from a 2019 base year. These initiatives align with industry standards for climate action, demonstrating Travelers' commitment to sustainability and responsible business practices in the face of climate change.
Access structured emissions data, company-specific emission factors, and source documents
2011 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|
Scope 1 | 37,436,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 2 | 47,167,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Travelers is participating in some 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.