Hanover Insurance Group Inc
Hanover Insurance Group's GHG Emissions Data Preview
In 2022, Hanover Insurance Group 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Hanover Insurance Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2022 | 2021 | 2020 | 2019 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Hanover Insurance Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Hanover Insurance Group's Operational Emissions
In 2022, the total operational greenhouse gas (GHG) emissions of Hanover Insurance Group amounted to 10,772 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 2021, the total operational greenhouse gas (GHG) emissions of Hanover Insurance Group increased by 9.17%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Hanover Insurance Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hanover Insurance Group's Scope 1 emissions?
In 2022, the total Scope 1 emissions of Hanover Insurance Group were 5,023 metric tons of CO₂ equivalent (tCO₂e). a
Has Hanover Insurance Group reduced its Scope 1 emissions over time?
Since 2018, Hanover Insurance Group's Scope 1 emissions have decreased by 21.49%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2021), Hanover Insurance Group's Scope 1 emissions increased by 19.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Hanover Insurance Group's Scope 2 emissions?
In 2022, Hanover Insurance Group reported Scope 2 greenhouse gas (GHG) emissions of 5,749 tCO₂e using the location-based method. a
Has Hanover Insurance Group reduced its Scope 2 emissions over time?
Since 2018, Hanover Insurance Group's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 15.17%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2021), Hanover Insurance Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hanover Insurance Group 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Hanover Insurance Group use for Scope 2 reporting?
In 2022, Hanover Insurance Group reported its Scope 2 emissions using the location-based method. a
Hanover Insurance Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Hanover Insurance Group's Value Chain Emissions
In 2022, Hanover Insurance Group reported 1,294,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2022 disclosure of Hanover Insurance Group includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Hanover Insurance Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hanover Insurance Group's Scope 3 emissions?
In 2022, Hanover Insurance Group reported total Scope 3 emissions of 1,294,000 metric tons of CO₂ equivalent (tCO₂e). a
Has Hanover Insurance Group reduced its Scope 3 emissions over time?
Since 2018, Hanover Insurance Group's Scope 3 emissions have decreased by 46.73%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2021), Hanover Insurance Group's Scope 3 emissions increased by 173%, suggesting that the company faced challenges in reducing emissions across its value chain. a
Insights into Hanover Insurance Group’s GHG Emissions Intensity Compared to Industry Peers
In 2022, Hanover Insurance Group reported Scope 1 greenhouse gas (GHG) emissions of 5,023 tCO₂e and total revenues of USD 5,433 millions. This translates into an emissions intensity of 0.92 tCO₂e per millions USD. a
Hanover Insurance Group's Scope 1 Emissions Intensity Compared to Peers
How does Hanover Insurance Group's GHG emissions intensity compare to its peers?
In 2022, Hanover Insurance Group reported a Scope 1 emissions intensity of 0.92 tCO₂e per millions USD. Compared to the peer group median of 0.31 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Hanover Insurance Group rank on GHG emissions intensity within its industry?
In 2022, Hanover Insurance Group ranked 22 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Hanover Insurance Group among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into Hanover Insurance Group's Total Carbon Footprint
In 2022, Hanover Insurance Group reported a total carbon footprint of 1,304,772 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 169.66% increase compared to 2021, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Hanover Insurance Group's total carbon footprint was Scope 3 emissions, accounting for 99.17% of the company's total carbon footprint, followed by Scope 2 emissions at 0.44%. a