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Selective Insurance Group Inc

Common Name
Selective Insurance Group
Country
United States
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
2,800
Ticker
SIGI
Exchange
NASDAQ/NGS
Description
Selective Insurance Group Inc. is a prominent regional insurance holding company that provides a wide array of insurance products and services. Its primary objective is to deliver both personal and co...

Selective Insurance Group's GHG Emissions Data Preview

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)202320222021
2020 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Selective Insurance Group’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Selective Insurance Group’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 Selective Insurance Group’s data sources below and access millions more through our Disclosure Search.

a. Selective Insurance Group's TCFD Report 2024

Insights into Selective Insurance Group's Operational Emissions

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

Selective Insurance Group's Scope 1 Emissions Over Time

201920212022202307001.4 k2.1 k2.8 ktCO2e-28%+11%+22%
  • Total Scope 1
  • Year-over-Year Change

What are Selective Insurance Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Selective Insurance Group were 2,632 metric tons of CO₂ equivalent (tCO₂e).a

Has Selective Insurance Group reduced its Scope 1 emissions over time?

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

What are Selective Insurance Group's Scope 2 emissions?

In 2023, Selective Insurance Group reported Scope 2 greenhouse gas (GHG) emissions of 3,396 tCO₂e using the location-based method.a

Has Selective Insurance Group reduced its Scope 2 emissions over time?

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

What methodology does Selective Insurance Group use for Scope 2 reporting?

In 2023, Selective Insurance Group reported its Scope 2 emissions using the location-based method.a

Selective Insurance Group's Scope 2 Emissions Over Time

201920212022202309001.8 k2.7 k3.6 ktCO2e
  • Total Scope 2 Location-Based

Insights into Selective Insurance Group’s GHG Emissions Intensity Compared to Industry Peers

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

Selective Insurance Group's Scope 1 Emissions Intensity Compared to Peers

201001,00010,000100,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)HPalomar HoldingsYear: 2024Scope 1: 222 tCO2eRevenue: $M 554Scope 1 Intensity: 0.40 tCO2e/$MHanover Insurance GroupYear: 2024Scope 1: 4,589 tCO2eRevenue: $M 6,216Scope 1 Intensity: 0.74 tCO2e/$MAllstateYear: 2024Scope 1: 17,485 tCO2eRevenue: $M 64,118Scope 1 Intensity: 0.27 tCO2e/$MHHHorace Mann EducatorsYear: 2024Scope 1: 459 tCO2eRevenue: $M 1,550Scope 1 Intensity: 0.30 tCO2e/$MBread Financial HoldingsYear: 2024Scope 1: 933 tCO2eRevenue: $M 3,838Scope 1 Intensity: 0.24 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MCNO Financial GroupYear: 2024Scope 1: 1,255 tCO2eRevenue: $M 4,446Scope 1 Intensity: 0.28 tCO2e/$MAssurantYear: 2024Scope 1: 1,282 tCO2eRevenue: $M 11,881Scope 1 Intensity: 0.11 tCO2e/$MRLIYear: 2023Scope 1: 304 tCO2eRevenue: $M 1,524Scope 1 Intensity: 0.20 tCO2e/$MRobinhood MarketsYear: 2024Scope 1: 232 tCO2eRevenue: $M 2,952Scope 1 Intensity: 0.08 tCO2e/$MTradeweb MarketsYear: 2024Scope 1: 30 tCO2eRevenue: $M 1,724Scope 1 Intensity: 0.02 tCO2e/$MMSCIYear: 2024Scope 1: 543 tCO2eRevenue: $M 2,856Scope 1 Intensity: 0.19 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$MFirst American FinancialYear: 2024Scope 1: 4,193 tCO2eRevenue: $M 6,120Scope 1 Intensity: 0.69 tCO2e/$MZions BancorporationYear: 2024Scope 1: 2,845 tCO2eRevenue: $M 3,130Scope 1 Intensity: 0.91 tCO2e/$MCincinnati FinancialYear: 2024Scope 1: 14,273 tCO2eRevenue: $M 11,337Scope 1 Intensity: 1.26 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MFlagstar BankYear: 2024Scope 1: 3,767 tCO2eRevenue: $M 2,584Scope 1 Intensity: 1.46 tCO2e/$MState StreetYear: 2024Scope 1: 4,813 tCO2eRevenue: $M 12,917Scope 1 Intensity: 0.37 tCO2e/$MJefferies Financial GroupYear: 2024Scope 1: 4,026 tCO2eRevenue: $M 10,514Scope 1 Intensity: 0.38 tCO2e/$MProgressiveYear: 2024Scope 1: 32,281 tCO2eRevenue: $M 75,335Scope 1 Intensity: 0.43 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$M

How does Selective Insurance Group's GHG emissions intensity compare to its peers?

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 0.38, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Selective Insurance Group rank on GHG emissions intensity within its industry?

In 2023, Selective Insurance Group ranked 16 out of 23 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

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