Hanover
Hanover Insurance Group, commonly referred to as Hanover, is a prominent player in the insurance industry, headquartered in Worcester, Massachusetts, USA. Founded in 1852, the company has established itself as a leader in property and casualty insurance, serving a diverse range of clients across the United States. With a strong focus on commercial and personal lines, Hanover offers unique products such as tailored insurance solutions for businesses and comprehensive coverage for individuals. The company is recognised for its commitment to innovation and customer service, which has solidified its market position. Over the years, Hanover has achieved significant milestones, including strategic partnerships and expansions that enhance its operational reach. As a trusted name in the insurance sector, Hanover continues to deliver exceptional value and expertise to its clients.
DitchCarbon Score
How does Hanover'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
Hanover's score of 28 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hanover's reported carbon emissions
In 2021, Hanover reported total carbon emissions of approximately 8,000,000 kg CO2e, comprising 1,695,000 kg CO2e from Scope 1, 851,000 kg CO2e from Scope 2, and 5,204,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. This long-term target reflects Hanover's dedication to reducing its carbon footprint and addressing climate change effectively. The organisation's revenue for the same year was approximately $5.23 billion, indicating a significant scale of operations alongside its climate initiatives.
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| 2021 | |
|---|---|
| Scope 1 | 1,695,000 |
| Scope 2 | 851,000 |
| Scope 3 | 5,204,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hanover is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
