Travelers
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.
DitchCarbon Score
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.
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
Travelers's score of 63 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Travelers's reported carbon emissions
In 2023, Travelers reported total greenhouse gas emissions of approximately 38,635,000 kg CO2e, comprising 19,586,000 kg CO2e from Scope 1, 19,049,000 kg CO2e from Scope 2, and 15,762,000 kg CO2e from Scope 3 emissions. This reflects a significant reduction from previous years, particularly in Scope 1 emissions, which decreased from 37,436,000 kg CO2e in 2011 to 19,586,000 kg CO2e in 2023. Travelers has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 40% by 2020 from a 2011 baseline. They achieved this target, as evidenced by their 2023 emissions data. Furthermore, the company has committed to reaching net-zero greenhouse gas emissions across its 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, using a 2019 baseline. Travelers' proactive approach to sustainability includes comprehensive reporting on their emissions and a commitment to align with science-based targets, ensuring their strategies contribute to global climate goals.
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| 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 |
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.
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.
