Travelers

Travelers's reported carbon emissions

Travelers, an insurance and pension funding services company headquartered in the US, reported Scope 1 and 2 emissions of approximately 38,007,000 kg CO2e in 2024, with Scope 1 accounting for roughly 19,069,000 kg CO2e and Scope 2 for approximately 18,938,000 kg CO2e. Scope 3 emissions from business travel were reported at approximately 20,210,000 kg CO2e for the same year. In 2023, Travelers' combined Scope 1 and 2 emissions were approximately 38,635,000 kg CO2e, with Scope 1 at about 19,586,000 kg CO2e and Scope 2 at approximately 19,049,000 kg CO2e. Their business travel emissions (Scope 3) were around 17,129,000 kg CO2e. In 2022, the company's Scope 1 and 2 emissions totalled approximately 38,150,000 kg CO2e, comprising about 17,828,000 kg CO2e for Scope 1 and approximately 20,322,000 kg CO2e for Scope 2. Scope 3 emissions for business travel were reported at 10,094,000 kg CO2e. Historically, Travelers set a goal to reduce its absolute Scope 1 and 2 emissions by 40% by 2020, using a 2011 baseline. By year-end 2020, they exceeded this target, achieving a 54% reduction in absolute Scope 1 and 2 emissions. As of year-end 2024, they reported a 55% reduction in Scope 1 and 2 emissions since 2011. Further underscoring their climate commitments, Travelers has set science-based targets through the Science Based Targets initiative (SBTi). They commit to reducing absolute Scope 1 and 2 GHG emissions by 46.2% by 2030 from a 2019 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions from purchased goods and services, business travel, and use of sold products by 27.5% within the same timeframe. Looking ahead, Travelers commits to reducing Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2019 base year, with an overarching goal to reach net-zero greenhouse gas emissions across the value chain by 2050.