At Travelers, we’re not only well positioned to handle natural disasters – like wildfires, droughts, hurricanes and floods – but also to handle risks that evolve over longer periods of time, such as changing climate conditions. These risks require a different kind of preparation, a different kind of response and a different kind of resilience. Through our thoughtful approach to changing climate conditions, we hope to leave a better world for our children and future generations, while ensuring that our business is positioned for future success.

We rely on a multifaceted approach that allows us to mitigate our exposure to climate-related risks, help our customers manage those risks and meet our long-term financial objectives. To manage our exposure and response to catastrophic events, we use various methods, including proprietary and third-party modeling processes and geospatial analysis, to determine our climate-related risks and make underwriting, pricing and reinsurance decisions. We also regularly evaluate insurance products and services that could be useful to our customers for addressing climate-related risks. Additionally, we are supporting the transition to a lower-carbon economy over time. For example, our dedicated Global Renewable Energy Practice provides solutions for the life span of renewable energy businesses, from research, development and manufacturing to permanent operations, as well as onshore and offshore wind, solar and biopower operations.

Our climate strategy also includes advocating for, and supporting, community resiliency.  We sponsor the Insurance Institute for Business & Home Safety, the BuildStrong Coalition, Habitat for Humanity and the Wharton Risk Center to promote stronger industry standards and more resilient communities.

We are also continually finding cost-effective ways to improve the eco-efficiency of our own operations. We are proud of the progress we have made across the company. Thanks to a lot of hard work, we have reduced our already small carbon footprint. We have reduced our greenhouse gas emissions by about 35% over the past decade. Additionally, all our owned facilities are ENERGY STAR® certified, which means that we are in the top quartile in terms of energy performance standards. We have also entered into a partnership with American Forests to plant up to a million trees – one tree for each personal lines customer who chooses paperless billing. This benefits the environment while saving our company millions of dollars in printing and mailing costs.

We are proud to be the leader among domestic property and casualty insurance companies in issuing a report discussing our approach to managing changing climate conditions, consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Visit sustainability.travelers.com to read our TCFD Report and learn more about our multifaceted climate strategy.