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 carbon emissions of approximately 38,007,000 kg CO2e from Scope 1 and 2, alongside 20,210,000 kg CO2e from Scope 3, specifically related to business travel. This marks a slight decrease from 2023, where emissions were about 38,635,000 kg CO2e for Scope 1 and 2, and 17,129,000 kg CO2e for Scope 3. Over the years, Travelers has made significant strides in reducing its carbon footprint, achieving a 54% reduction in absolute Scope 1 and 2 emissions by the end of 2020, surpassing its initial target of 40% based on a 2011 baseline. Travelers has set ambitious long-term climate commitments, including a target to reduce Scope 1 and 2 emissions by 90% by 2050 from a 2019 base year. Additionally, the company aims for a 46.2% reduction in these emissions by 2030. For Scope 3 emissions, which encompass a broader range of activities, Travelers is committed to a 27.5% reduction by 2030 and a 90% reduction by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect Travelers' commitment to achieving net-zero greenhouse gas emissions across its value chain by 2050. The emissions data and reduction targets are sourced from The Travelers Companies, Inc., ensuring a comprehensive approach to sustainability within the corporate family.
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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.
Top Scope 3 Categories
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