Travelers Sustainability Profile
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 76 is higher than 86% 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 2024, Travelers reported total greenhouse gas emissions of approximately 38,007,000 kg CO2e from Scope 1 and 2, with Scope 1 emissions at about 19,069,000 kg CO2e and Scope 2 emissions at approximately 18,938,000 kg CO2e. Additionally, Scope 3 emissions from business travel were reported at about 20,210,000 kg CO2e. This data reflects a commitment to transparency in emissions reporting, as all relevant scopes (1, 2, and 3) have been disclosed. Travelers has set ambitious climate targets, having achieved a 54% reduction in absolute Scope 1 and 2 emissions by the end of 2020, surpassing their initial goal of a 40% reduction from a 2011 baseline. As of 2024, they have further committed to a long-term target of reducing Scope 1 and 2 emissions by 90% by 2050, using 2019 as the base year. Near-term targets include a 46.2% reduction in Scope 1 and 2 emissions by 2030, alongside a 27.5% reduction in Scope 3 emissions within the same timeframe. Travelers' climate initiatives are aligned with the Science Based Targets initiative (SBTi), ensuring that their goals are consistent with the global aim to limit warming to 1.5°C. The organization is also committed to achieving net-zero emissions across all scopes by 2050. This comprehensive approach underscores Travelers' dedication to sustainability and climate action within the insurance and financial services sector.
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| 2011 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Travelers's Industry?
How Carbon Intensive is Travelers's Location?
Travelers's Scope 3 Categories Breakdown
Travelers's Scope 3 emissions, which increased by 18% last year and increased by approximately 9% since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 35% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Travelers'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.
Travelers has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Travelers's sustainability data and climate commitments