Travelers

Travelers, an insurance and pension funding services company headquartered in the US, reported its greenhouse gas (GHG) emissions for various years. In 2024, the company's Scope 1 emissions were approximately 19,069,000 kg CO2e, and Scope 2 emissions were approximately 18,938,000 kg CO2e. Scope 3 emissions from business travel were approximately 20,210,000 kg CO2e. The total combined Scope 1 and 2 emissions for 2024 were approximately 38,007,000 kg CO2e.

For 2023, Scope 1 emissions were approximately 19,586,000 kg CO2e, and Scope 2 emissions were approximately 19,049,000 kg CO2e. Business travel Scope 3 emissions were approximately 17,129,000 kg CO2e, with total Scope 1 and 2 emissions at approximately 38,635,000 kg CO2e.

In 2022, Scope 1 emissions were approximately 17,828,000 kg CO2e, and Scope 2 emissions were approximately 20,322,000 kg CO2e. Scope 3 business travel emissions were approximately 10,094,000 kg CO2e, and total Scope 1 and 2 emissions were approximately 38,150,000 kg CO2e.

Previously, in 2021, Scope 1 emissions were around 12,794,000 kg CO2e, Scope 2 emissions were approximately 20,683,000 kg CO2e, and Scope 3 emissions (including business travel) were approximately 4,479,000 kg CO2e. Total Scope 1 and 2 emissions were approximately 33,477,000 kg CO2e.

In 2020, Scope 1 emissions were approximately 13,500,000 kg CO2e, Scope 2 emissions were around 21,908,000 kg CO2e, and Scope 3 emissions were approximately 5,666,000 kg CO2e, with total Scope 1 and 2 emissions at approximately 35,408,000 kg CO2e.

Climate Commitments and Reduction Targets:

Travelers has demonstrated a commitment to reducing its environmental impact. The company previously set a goal to reduce its absolute Scope 1 and 2 emissions by 40% by 2020, using a 2011 base year. By the end of 2020, they exceeded this target, achieving a 54% reduction in absolute Scope 1 and 2 emissions. As of year-end 2024, the company reported a 55% reduction in its absolute Scope 1 and 2 emissions since 2011.

Furthermore, The Travel Corporation (a related entity) has committed to reaching net-zero GHG emissions across its value chain by 2050, using a 2019 base year. This includes near-term targets of reducing absolute Scope 1 and 2 GHG emissions by 46.2% by 2030 and absolute Scope 3 GHG emissions by 27.5% within the same timeframe. Long-term, the commitment is to reduce Scope 1, 2, and 3 GHG emissions by 90% by 2050. These targets are considered consistent with reductions required to keep global warming to 1.5°C.