In 2023, Selective 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) and Scope 2 (indirect emissions from purchased energy).
However, Selective Insurance Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,632a | 2,158a | 1,936a | |
Total Scope 2 | ||||
Location-Based | 3,396a | 3,335a | 3,270a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6219a | 0.6065a | 0.5729a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Selective Insurance Group amounted to 6,028 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 Selective Insurance Group increased by 9.74%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Selective Insurance Group were 2,632 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Selective Insurance Group's Scope 1 emissions have decreased by 2.16%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Selective Insurance Group's Scope 1 emissions increased by 21.96%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Selective Insurance Group reported Scope 2 greenhouse gas (GHG) emissions of 3,396 tCO₂e using the location-based method.a
Since 2019, Selective Insurance Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Selective Insurance Group's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2022), Selective Insurance Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Selective Insurance Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Selective Insurance Group reported its Scope 2 emissions using the location-based method.a
In 2023, Selective Insurance Group reported Scope 1 greenhouse gas (GHG) emissions of 2,632 tCO₂e and total revenues of USD 4,232 millions. This translates into an emissions intensity of 0.62 tCO₂e per millions USD.a
In 2023, Selective Insurance Group reported a Scope 1 emissions intensity of 0.62 tCO₂e per millions USD. Compared to the peer group median of 0.29, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Selective Insurance Group ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Selective Insurance Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a