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 37 is higher than 54% 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
In 2023, Wawanesa Mutual Insurance Company reported total carbon emissions of approximately 2,718,300 kg CO2e, comprising 2,088,800 kg CO2e from Scope 1 and 621,300 kg CO2e from Scope 2. This marks a reduction from 2022, where total emissions were about 3,195,400 kg CO2e, with Scope 1 emissions at 2,455,300 kg CO2e and Scope 2 at 740,100 kg CO2e. Wawanesa has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030 from 2019 levels. Additionally, they target a 25% reduction in these emissions across their investment portfolios by 2030, based on 2021 levels. These initiatives reflect Wawanesa's commitment to sustainability and align with industry standards for greenhouse gas reduction. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations and energy use. Wawanesa's efforts are crucial in the context of the insurance industry's growing emphasis on climate responsibility and transparency.
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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.
