Wawanesa Mutual Insurance Company Sustainability Profile
Wawanesa Mutual Insurance Company, commonly referred to as Wawanesa, is a prominent player in the insurance industry, headquartered in California. Established in 1896, the company has a rich history of providing reliable insurance solutions across major operational regions, including Canada and the United States. Wawanesa offers a diverse range of products, including auto, home, and commercial insurance, distinguished by their commitment to customer service and competitive pricing. The company has achieved notable milestones, such as being one of the largest mutual insurance companies in North America, reflecting its strong market position and customer trust. With a focus on community and mutuality, Wawanesa continues to innovate within the insurance sector, ensuring tailored coverage for its clients.
DitchCarbon Score
How does Wawanesa Mutual 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
Wawanesa Mutual Insurance Company's score of 25 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wawanesa Mutual Insurance Company's reported carbon emissions
Wawanesa Mutual Insurance Company, headquartered in Canada, has set ambitious climate commitments aimed at reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established significant reduction targets for its Scope 1 and Scope 2 greenhouse gas (GHG) emissions. Wawanesa aims to achieve a 50% reduction in Scope 1 and Scope 2 emissions by 2030, using 2019 levels as a baseline. Additionally, the company has committed to a 25% reduction in these emissions across its corporate bonds, preferred shares, and common equities in its Property & Casualty (P&C) and Life investment portfolios by 2030 or earlier, based on 2021 levels. These targets reflect Wawanesa's proactive approach to addressing climate change and its commitment to sustainability. The company is currently on track to meet these near-term reduction goals, demonstrating a strong commitment to environmental responsibility. Wawanesa's initiatives align with industry standards and best practices, reinforcing its role as a responsible corporate citizen in the insurance sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,972,900 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 878,600 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Wawanesa Mutual Insurance Company's Industry?
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Wawanesa Mutual 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.
Wawanesa Mutual 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.
