The Travelers Companies has committed to becoming carbon neutral across all its owned operations by 2030.
The pledge is part of Travelers’ ongoing and broader sustainability strategy, where it has already made significant progress in reducing its carbon footprint, cutting Scope 1 and 2 emissions by more than 40% between 2011 and 2020.
Over the next decade it will attempt to achieve carbon neutrality by reducing or offsetting an additional 50,000 metric tons of carbon dioxide, which is the equivalent of eliminating the impact of about 125 million vehicle miles.
In this way, Travelers will be doing its part to align with the target set forth in the Paris Climate Agreement to limit the global temperature increase in the 21st century to 1.5 degrees Celsius.
Alan Schnitzer, Chairman and Chief Executive Officer of Travelers commented: “We take a thoughtful and comprehensive approach to sustainability.
“Through this commitment and other aspects of our longstanding approach to changing climate conditions, we are addressing a risk we all face and standing up to the responsibility we have to leave a better world for our children and future generations.
“We are pleased with the progress we have made over the years to reduce our carbon footprint, and we are proud to take our efforts to the next level.”