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 58 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, 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 related to business travel. This marks a significant reduction from previous years, particularly from 2011, when total emissions were about 84,603,000 kg CO2e. Travelers has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 46.2% and Scope 3 emissions by 27.5% by 2030. Long-term goals include a 90% reduction in all scopes of emissions by 2050. These commitments align with industry standards and reflect a proactive approach to addressing climate change, demonstrating Travelers' dedication to sustainability and responsible business practices.
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 committed to some reduction initiatives 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.