Hanover Insurance Group Inc

Common Name
Hanover Insurance Group
Country
United States
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
4,900
Ticker
THG
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Hanover Insurance Group, Inc. is a prominent player in the insurance industry, providing a diverse range of property and casualty insurance products across the United States. Primarily focused on deli...

Hanover Insurance Group Waste Data Preview

In 2022, Hanover Insurance Group conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2022202120202019 - 2017
Total Waste Generated
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a
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a
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0000000
Total Waste Recovered
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a
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a
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a
0000000
Total Hazardous Waste Generated
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a
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0000000
Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind Hanover Insurance Group’s Waste Management Data

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a. Hanover Insurance Group's Sustainability Report 2024
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Insights into Hanover Insurance Group’s Generation of Hazardous and Non-Hazardous Waste

In 2022, Hanover Insurance Group generated a total of 209 metric tonnes of waste. a

Of this amount, 10.05% of Hanover Insurance Group's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 89.95% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a

Hanover Insurance Group’s Hazardous vs Non-Hazardous Waste Over Time

2022055110165220tonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Hanover Insurance Group reduced the environmental impact of its waste?

Since 2018, Hanover Insurance Group's total waste generation fell by 14.34%, but rose by 5.56% in 2022, potentially reflecting a temporary surge in activity or inconsistency in waste control strategies. a

a

Overall, Hanover Insurance Group's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy. a

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