Travelers Publishes Its 2021 Sustainability Report
June 29 2022 - 9:00AM
Business Wire
The Travelers Companies, Inc. (NYSE: TRV) today published its
2021 Sustainability Report, which outlines the company’s
comprehensive strategy for creating shareholder value over time, as
well as its ongoing environmental, social and governance (ESG)
initiatives.
“Our long-term success is tied to our ability to execute in the
marketplace while upholding the promise we made to be there for our
customers, communities and employees,” said Yafit Cohn, Chief
Sustainability Officer at Travelers. “This year’s sustainability
report details that approach and highlights how our ESG initiatives
are integrated throughout everything we do.”
The report provides an in-depth review of the 16 topics the
company has identified as its key drivers of sustained value:
Business Strategy & Competitive Advantages, Capital & Risk
Management, Climate Strategy, Community, Customer Experience, Data
Privacy & Cybersecurity, Disaster Preparedness & Response,
Diversity & Inclusion, Eco-Efficient Operations, Ethics &
Values, Governance Practices, Human Capital Management, Innovation,
Investment Management, Public Policy and Safety & Health.
Highlights from the company’s 2021 report include:
Climate Strategy
- Over the past three years, the company’s Global Renewable
Energy Practice grew at a compound annual rate of 30%, with revenue
up more than 120% since 2018.
Community
- Travelers and the Travelers Foundation have contributed more
than $228 million to nonprofits over the past decade to support
academic and career success, develop thriving neighborhoods and
create culturally enriched communities.
Customer Experience
- The company resolved more than 90% of property claims arising
out of catastrophe events within 30 days. This result was achieved
while responding to a historically high number of catastrophe
events in 2021.
Diversity & Inclusion
- In each of the last 10 years, Travelers has increased the
percentage of people of color in its U.S. workforce while
increasing the percentage of both women and people of color in U.S.
management-level positions.
Eco-Efficient Operations
- Over the past decade, the company reduced its Scope 1 and Scope
2 emissions by 60%, and in 2021, Travelers announced its commitment
to become carbon neutral across its owned operations by 2030.
Human Capital Management
- Continuing to focus on the health and wellness of its
employees, Travelers introduced a new benefit – Caregiving Support
from Wellthy – to help employees navigate challenges they may face
as caregivers for children, aging family members or loved ones with
special needs or who are chronically ill.
Investment Management
- Many of the company’s investments enable environmental and
social improvements, including water and sewer projects ($6
billion), K-12 education ($10.8 billion) and higher education ($5
billion). Travelers also owns nearly $2.4 billion in fixed income
securities classified as “green bonds” by Bloomberg.
Public Policy
- Throughout 2020 and 2021, the Travelers Institute hosted 45
virtual events to help consumers and business leaders navigate
through uncertain times. The programs, which explored topics like
cybersecurity, distracted driving and natural disasters, garnered
nearly 100,000 views.
The company’s sustainability reporting is guided by multiple
sustainability disclosure frameworks, as well as engagements with
key stakeholders from both inside and outside the company.
Travelers is a leader among domestic property casualty insurance
companies in publishing reports responsive to the Sustainability
Accounting Standards Board (SASB) standards for the insurance
industry and the recommendations of the Task Force on
Climate-related Financial Disclosures (TCFD).
To learn more about Travelers’ sustainability efforts, visit
sustainability.travelers.com.
About Travelers The Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto, home
and business. A component of the Dow Jones Industrial Average,
Travelers has approximately 30,000 employees and generated revenues
of approximately $35 billion in 2021. For more information, visit
Travelers.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220629005542/en/
Media: Courtney Garro, 860-277-8719
cgarro@travelers.com
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