In 2024, 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Progressive has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 32,281a | 31,662b | 31,896c | |
Total Scope 2 | ||||
Market-Based | 5,265a | 12,750b | 16,553c | |
Location-Based | 35,986a | 42,849b | 50,543c | |
Total Scope 3 | 25,763a | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4285a | 0.51b | 0.6432c |
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In 2024, the total operational greenhouse gas (GHG) emissions of Progressive amounted to 68,267 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 Progressive decreased by 8.38%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Progressive were 32,281 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Progressive's Scope 1 emissions have increased by 1.21%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Progressive's Scope 1 emissions increased by 1.96%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Progressive reported Scope 2 greenhouse gas (GHG) emissions of 5,265 tCO₂e using the market-based method and 35,986 tCO₂e using the location-based method.a
Since 2022, Progressive's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 28.8%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Progressive's Scope 2 emissions (Location-Based) fell by 16.02% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Progressive reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Progressive reported 25,763 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 2024 disclosure of Progressive includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Progressive reported total Scope 3 emissions of 25,763 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
In 2024, Progressive reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Progressive's Scope 3 emissions were:a
In 2024, Progressive reported Scope 1 greenhouse gas (GHG) emissions of 32,281 tCO₂e and total revenues of USD 75,335 millions. This translates into an emissions intensity of 0.43 tCO₂e per millions USD.a
In 2024, Progressive reported a Scope 1 emissions intensity of 0.43 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, Progressive ranked 15 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
In 2024, Progressive reported a total carbon footprint of 94,030 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.2% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Progressive's total carbon footprint was Scope 2 emissions, accounting for 38.27% of the company's total carbon footprint, followed by Scope 1 emissions at 34.33%.a