In 2024, Cincinnati Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Cincinnati Financial has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 14,273a | 13,885a | 14,349a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 6,202a | 6,022a | 6,293a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.259a | 1.3867a | 2.1863a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Cincinnati Financial amounted to 20,475 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Cincinnati Financial increased by 2.85%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Cincinnati Financial were 14,273 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Cincinnati Financial's Scope 1 emissions have decreased by 13.72%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Cincinnati Financial's Scope 1 emissions increased by 2.79%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Cincinnati Financial reported Scope 2 greenhouse gas (GHG) emissions of 6,202 tCO₂e without specifying the calculation method.a
Since 2019, Cincinnati Financial's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 33.58%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Cincinnati Financial's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Cincinnati Financial's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Cincinnati Financial reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Cincinnati Financial reported Scope 1 greenhouse gas (GHG) emissions of 14,273 tCO₂e and total revenues of USD 11,337 millions. This translates into an emissions intensity of 1.26 tCO₂e per millions USD.a
In 2024, Cincinnati Financial reported a Scope 1 emissions intensity of 1.26 tCO₂e per millions USD. Compared to the peer group median of 0.41, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Cincinnati Financial ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Cincinnati Financial among the least efficient performers, with one of the highest emissions intensities in its sector.a