Progressive Corp

Common Name
Progressive
Country
United States
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
66,308
Ticker
PGR
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Progressive Corporation is a major American insurance provider, renowned for its innovative approach to personal and commercial insurance products. The company primarily offers automotive insurance, b...

Progressive's GHG Emissions Data Preview

In 2023, Progressive 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, Progressive has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Progressive’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Progressive’s data sources below and access millions more through our Disclosure Search.

a. Progressive's Sustainability Report 2023
a. Progressive's Sustainability Report 2023
b. Progressive's Sustainability Report 2022
b. Progressive's Sustainability Report 2022

Insights into Progressive's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Progressive amounted to 74,511 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 2022, the total operational greenhouse gas (GHG) emissions of Progressive decreased by 9.62%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Progressive's Scope 1 Emissions Over Time

2022202308 k16 k24 k32 ktCO2e-1%
  • Total Scope 1
  • Year-over-Year Change

What are Progressive's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Progressive were 31,662 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Progressive's Scope 1 emissions remained relatively stable, indicating that Progressive's emissions have plateaued with no significant change in its operational footprint. a b

What are Progressive's Scope 2 emissions?

In 2023, Progressive reported Scope 2 greenhouse gas (GHG) emissions of 12,750 tCO₂e using the market-based method and 42,849 tCO₂e using the location-based method. a

Has Progressive reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Progressive's Scope 2 emissions (Location-Based) fell by 15.22% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b

What methodology does Progressive use for Scope 2 reporting?

In 2023, Progressive reported its Scope 2 emissions using the market-based method and using the location-based method. a

Progressive's Scope 2 Emissions Over Time

20222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Progressive’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Progressive reported Scope 1 greenhouse gas (GHG) emissions of 31,662 tCO₂e and total revenues of USD 62,082 millions. This translates into an emissions intensity of 0.51 tCO₂e per millions USD. a

Progressive's Scope 1 Emissions Intensity Compared to Peers

505005,00020,000200,000Scope 1 Emissions (tCO2e)1001,0005,00050,000200,000Revenues (Millions of USD)Palomar HoldingsYear: 2024Scope 1: 222 tCO2eRevenue: $M 554Scope 1 Intensity: 0.40 tCO2e/$MMorgan StanleyYear: 2023Scope 1: 24,201 tCO2eRevenue: $M 50,672Scope 1 Intensity: 0.48 tCO2e/$MAmerican ExpressYear: 2023Scope 1: 28,952 tCO2eRevenue: $M 60,367Scope 1 Intensity: 0.48 tCO2e/$MHanover Insurance GroupYear: 2022Scope 1: 5,023 tCO2eRevenue: $M 5,433Scope 1 Intensity: 0.92 tCO2e/$MAllstateYear: 2024Scope 1: 17,485 tCO2eRevenue: $M 64,118Scope 1 Intensity: 0.27 tCO2e/$MPrudential FinancialYear: 2024Scope 1: 13,609 tCO2eRevenue: $M 70,659Scope 1 Intensity: 0.19 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MAssurantYear: 2024Scope 1: 1,282 tCO2eRevenue: $M 11,881Scope 1 Intensity: 0.11 tCO2e/$MCapital One FinancialYear: 2023Scope 1: 8,610 tCO2eRevenue: $M 36,779Scope 1 Intensity: 0.23 tCO2e/$MArthur J. Gallagher & Co.Year: 2023Scope 1: 2,312 tCO2eRevenue: $M 10,074Scope 1 Intensity: 0.23 tCO2e/$MHartford Insurance GroupYear: 2023Scope 1: 6,767 tCO2eRevenue: $M 24,333Scope 1 Intensity: 0.28 tCO2e/$MInteractive Brokers GroupYear: 2023Scope 1: 170 tCO2eRevenue: $M 7,788Scope 1 Intensity: 0.02 tCO2e/$MIntercontinental ExchangeYear: 2024Scope 1: 5,212 tCO2eRevenue: $M 11,760Scope 1 Intensity: 0.44 tCO2e/$MRLIYear: 2023Scope 1: 304 tCO2eRevenue: $M 1,524Scope 1 Intensity: 0.20 tCO2e/$MMoody'sYear: 2024Scope 1: 641 tCO2eRevenue: $M 7,091Scope 1 Intensity: 0.09 tCO2e/$MWells Fargo & CoYear: 2023Scope 1: 82,410 tCO2eRevenue: $M 82,600Scope 1 Intensity: 1.00 tCO2e/$MPayPal HoldingsYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 31,818Scope 1 Intensity: 0.07 tCO2e/$MCitigroupYear: 2023Scope 1: 46,582 tCO2eRevenue: $M 78,487Scope 1 Intensity: 0.59 tCO2e/$MTruist FinancialYear: 2024Scope 1: 13,382 tCO2eRevenue: $M 13,278Scope 1 Intensity: 1.01 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MCincinnati FinancialYear: 2023Scope 1: 14,066 tCO2eRevenue: $M 10,013Scope 1 Intensity: 1.40 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MProgressiveYear: 2023Scope 1: 31,662 tCO2eRevenue: $M 62,082Scope 1 Intensity: 0.51 tCO2e/$M

How does Progressive's GHG emissions intensity compare to its peers?

In 2023, Progressive reported a Scope 1 emissions intensity of 0.51 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

Where does Progressive rank on GHG emissions intensity within its industry?

In 2023, Progressive ranked 17 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Progressive is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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