The Hartford is proud to be a leader in helping address the extensive and crucial challenge of climate change, drawing on our centuries of experience managing risk and our legacy of sustainability, said Chairman and CEO Christopher Swift. By Zachary Vasile Property and casualty insurer The. The state budget passed in May will include $175 million in funding for infrastructure improvements to the city's outdated sewer and water system, $5 million of which will go toward a fund for . View jobs The Hartford Careers and Employment Work wellbeing Results based on 753 responses to Indeed's work wellbeing survey. Get everything you need easily, all in one place. If all companies effectively implement strategies to reduce GHGe within their control (Scope 1 and 2), reductions of the more challenging indirect value chain emissions (Scope 3) will occur by default. Shareholders are concerned that The Hartford Financial Services Group is not adequately reducing the full climate footprint of its insurance-related activities. Some of the statements in this release, including those related to our goal of achieving net zero greenhouse gas emissions (GHGe) for the full range of our operations by 2050, may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford today announced a goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and Publishes 2022 ESG Report, Driving Green Logistics through Digitalization, Fortress Information Security and Top U.S. Utilities Team Up to Address Critical ESG Supply Chain Risks, U.S. Department of Transportation Providing $29.4 Million in Quick Release Emergency Relief Funding to California, Legence Acquires Three Western U.S. Firms to Further Expand its Sustainability Solutions, Ten West Link Commemorates Start of Construction on Transmission Line Connecting California and the Desert Southwest, USDOT Announces Two New Actions to Advance Economic Opportunity for Disadvantaged Workers and Businesses, Neiman Marcus Group Releases First People Report and Updates Progress Toward 2025 ESG Goals, Vulcan Materials Company Releases Annual Environmental, Social, and Governance Report, MetLife Publishes 2022 Sustainability Report, Subaru Releases Fifth Annual Corporate Impact Report, The Home Depot Set Goal for Battery Powered Products to Drive Over 85% of Outdoor Lawn Equipment Sales by 2028, Netflix, The Walt Disney Company to Develop Zero-Emissions Power Through Clean Mobile Power Initiative, Church of England Pensions Board Announces Fossil Fuel Disinvestment, EPA Finalizes New Renewable Fuel Standards to Strengthen U.S. Energy Security, Support U.S. Christopher Swift, The Hartfords Chairman and CEO, commented: The Hartford is proud to be a leader in helping address the extensive and crucial challenge of climate change, drawing on our centuries of experience managing risk and our legacy of sustainability. The Hartford announced a goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and operations by 2050, in alignment with the Paris Climate Accord. Hartford has set targets for its buildings, energy use, and travel, but fails to address emissions from its underwriting, insurance, and investment activities, leaving the vast majority of its climate emissions unaddressed. Investment and insurance company The Hartford this week announced a net zero greenhouse gas emissions target for all business units and operations by 2050. . Hartford Federal Credit Union Gives 2023. develop and implement an outreach plan to promote the importance of participation by Hartford residents in the electoral process, provide voter information to Hartford residents, increase voter registration, and secure pledge cards, capture program data from events leading up to the November 7, 2023 general election. Standards for measuring emissions associated with underwriting, insurance and investment activities are still being developed or have only recently emerged. Your concerns matter. From time to time, The Hartford may use its website and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. We recognize some critical metrics and standards still need to be established to measure progress toward our net zero goal, but we are focused on doing the essential work and necessary due diligence over the next few years to position us to meet this societal imperative.. Environmental, Social and Governance (ESG) matters are a top priority for The Hartford, and the company will remain engaged in learning and sharing insights and expertise as accountability models for marking net zero progress are developed. TSKP Studio is touting the projec As a U.S. insurer with a track record of environmental leadership, we believe that advancing the energy transition, both with product solutions to support renewable energy and decarbonization technologies and by continuing to reduce our own greenhouse gas emissions (GHGe), is a societal and business imperative. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements include, but are not limited to, our ability to formulate and implement plans to reduce our Scope 1 and 2 GHG emissions as anticipated; our reliance on third parties, whose actions are outside our control, to reduce our Scope 3 GHG emissions; and the lack of widely accepted standards for measuring greenhouse gas emissions associated with underwriting, insurance and investment activities, as well as other factors discussed in our 2021 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. 860-547-6233 From time to time, The Hartford may use its website and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Property and casualty insurer The Hartford says it will work toward cutting greenhouse gas emissions connected to its businesses and operations to net zero by 2050. US property and casualty insurer, The Hartford, has announced its goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and operations by 2050, in alignment with the Paris Climate Accord. HARTFORD, Conn.-- (BUSINESS WIRE)-- The Hartford announced additional climate priorities today, including a commitment to invest $2.5 billion over the next five years in technologies, companies and funds, which are advancing the energy transition and addressing climate change. Climate Change Statement. In compliance with The Hartfords Coal and Tar Sands policy, exit all Tar Sands holdings by the end of this year, two years earlier than our initial commitment; and exit holdings which dont support the companys coal policy by the end of 2023. The standard for measuring emissions in underwriting, insurance, and investment activities are still in development, and the company will inform stakeholders of progress. 2021 Sustainability Highlight Report. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Meanwhile, in February 2022, The Hartford and Swiss Re Corporate Solutions entered into a strategic agreement that expands The Hartfords network of global partners. In a press release, it states that Environmental, Social and Governance (ESG) matters are a top priority for The Hartford and the company will remain engaged in learning and sharing insights and expertise as accountability models for marking net zero progress are developed. This goal is in addition to the company's existing targets to operate with 100% renewable-energy-source consumption for its facilities by 2030 and to reduce select GHGe by at least 2.1% each year starting . The Hartford offers AARP members great ways to save on car and home insurance, so get an insurance quote online today & start saving. How The Hartford Will Reach Net Zero GHG Emissions by 2050 April 11, 2022 by Emily Holbrook (Credit: Pixabay) The Hartford today announced a goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and operations by 2050, in alignment with the Paris Climate Accord. Hartford declared a "climate emergency" in December 2019 and resolved to achieve net-zero greenhouse gas emissions townwide by 2030. Some of the statements in this release, including those related to our goal of achieving net zero greenhouse gas emissions (GHGe) for the full range of our operations by 2050, may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Hartford sets goal of net zero greenhouse gas emissions by 2050 Photo | CoStar The Hartford's Asylum Hill headquarters in Hartford. We're here to help. provide voter . Sustain 100% renewable energy use across our operational footprint and continue to reduce our total scope 1, 2 and applicable categories of scope 3 Greenhouse Gas Emissions (GHGe), achieving a reduction of at least 2.1% of GHGe each year reaching a goal of 46.2% by 2037 using 2015 as our base year. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the Email Alerts section at https://ir.thehartford.com. Building Your Career You've worked hard to land a new job. We recognize some critical metrics and standards still need to be established to measure progress toward our net zero goal, but we are focused on doing the essential work and necessary due diligence over the next few years to position us to meet this societal imperative.. Or find and follow Reinsurance News on social media. We assume no obligation to update this news release, which speaks as of the date issued. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements include, but are not limited to, our ability to formulate and implement plans to reduce our Scope 1 and 2 GHG emissions as anticipated; our reliance on third parties, whose actions are outside our control, to reduce our Scope 3 GHG emissions; and the lack of widely accepted standards for measuring greenhouse gas emissions associated with underwriting, insurance and investment activities, as well as other factors discussed in our 2021 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. Your email address will not be published. Announces Ambition to Achieve Net Zero Greenhouse Gas (GHG) Emissions by 2050 or Sooner. The Hartford also signed a public letter in support of a strong 2030 U.S. climate target pursuant to the Paris Agreement in early 2021. Part-time, June 2023 - November 2023. Official Facebook page of The Hartford. Download The Hartford's mobile App to get your Auto ID cards on your phone. 860-547-8664 860-547-6233 Matthew Sturdevant Submit glass-only auto claims to locate fast professional services. Hartford has been identified as lagging many of its peers in the global insurance sector. Environmental, Social, and Governance (ESG) matters are a top priority for The Hartford, and the company will remain engaged in learning and sharing insights and expertise as accountability models for marking net zero progress are developed. To reduce climate risk and impact, Hartford should begin measuring and disclosing its financed emissions, and adopt targets aligned with the Paris Agreements 1.5oC goal. Get Involved In Your Neighborhood Click Here! The Hartford today announced a goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and operations by 2050, in alignment with the Paris Climate Accord. The goal is in addition to the companys existing targets, where they aim to operate with 100% renewable-energy-source consumptions for its facilities by 2030, and to also reduce select GHGe by at least 2.1% each year starting in 2015 for a total reduction of 46.2% by 2037. Through this effort, we seek a pragmatic approach that reflects a balanced transition to a green economy our priorities must serve both our net zero goal and our commitment to a just, equitable and achievable energy transition, while keeping shareholder value creation central to our journey. The Hartford commits to net zero across its operations by 2050. On March 15, $10,000 checks were presented to the following eight . Building on that progress, we have announced a new goal to reduce our Scope 1 and 2 emissions by 50% by the end of 2030 using 2019 as the base year. Save my name, email, and website in this browser for the next time I comment. 2021 SASB Report. Hartford voters passed a binding article requiring the. The Hartford's Asylum Hill headquarters in Hartford. Report: 2022 Energy Progress Lags Despite Renewables Growth, A New Era of Sustainability-Related Disclosures in Capital Markets Is Here, USDA to Invest $500 Million in Domestic Biofuels, Diligent, Clarity AI to Launch ESG Module, NuScale Aims to Advance Small Modular Nuclear Reactors, NYC Receives its Largest Battery System for Energy Storage, Trane Technologies Advances Transformational Heat Pump Technologies, 3M Agrees to $10.3 Billion PFAS Settlement, EPA Finalizes Biofuel Volume Targets for 2023-2025, Microsoft Cloud for Sustainability Introduces Project ESG Lake, Marine Environment at Risk: Ship Emissions Threaten Fragile Ecosystems, JLL Foundation Loaned $2.6 Million to 15 Startups in 2022, Study Investigates Embodied Carbon Emissions in U.S. Industrial Real Estate, Starbucks to Develop Sustainability and Innovation Hub in Costa Rica, Volvo Group, Heidelberg Materials Look to Reduce Construction Industry Emissions, Biden Unveils Climate Resilience Investment Plan, LlamaZOO Launches Digital Twin for Industry, Land Resource Operations, DOE Researches Lithium, Other Valuable Material Recovery From Water, Deloitte Report Discusses Emerging Green Hydrogen Market, Mary Kay to Plant 100,000 Trees in 2023 in Reforestation Project, Rivian Latest to Adopt Tesla Supercharger Network, Furthers EV Charging Standard Progress, Department of Energy Approves $9.2B Loan for Ford-SK Battery Plants, Digital Twin Project to Help Decarbonize UKs Transportation Infrastructure, Hyundai Sets Ambitious Goals to Advance Clean Technologies, Global EV Supply Equipment Market to Value $484 Billion by 2032, Electric Vehicle Fleets Must Be Powered By Smart, Clean Energy Management, IFAD Issues Largest Sustainable Bond to Date for Rural Transformation, Meet the Honorees: Amath Gomis, ESG Director, CBRE, FedEx Launches Free Carbon Emissions Tracking Tool, Meet the Honorees: Katherine Canoy, Senior Director, 3Degrees, If you've no account register here first time, Quality-Driven ESG: Build Trust by Improving Data Quality, How to Help Your Organization Advance its Recycling Efforts, Turning Sustainability Risk into Opportunity. Announces Ambition to Achieve Net Zero Greenhouse Gas (GHG) Emissions by 2050 or Sooner, The Coca-Cola Foundation, Silk, Google, Meta, and Microsoft to Restore Longleaf Pine Forest in East Texas, Erguvan Helps Offset TAV Airports Carbon Footprint, UN, GGGI and Government of Cambodia Announce Support to Green Bond Issuers, World Economic Forum Report Outlines Roadmap to Fast-Track Chinas Green Hydrogen Industry, Bloomberg Sustainable Business Summit 2023, Bloomberg Research Tools: Analyze, Annotate, Collaborate, Natures Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital, Lowes Reveals 100 Impact Projects for 2023 Lowes Hometowns Program, MAS and SGX Group Team with the CDSC to Boost Emissions Reporting for Companies, 50+ CEOs Join Forces in World Economic Forum Initiative to Transform Airports into Clean Energy Hubs, USDA To Invest $500 Million for Homegrown Biofuels as Part of Investing in America Agenda, GM and Element 25 to Expand U.S. EV Supply Chain with Domestic Manganese Sulfate Production. Help us improve your experience, delivering more of what you want. Top Global Insurance & Reinsurance Brokers, The Hartford and Swiss Re Corporate Solutions entered into a strategic agreement, A below average storm season to benefit re/insurers & underwriters: Amwins Purviance, Aon strengthens Global Reinsurance Clients segment with several promotions, Non-life insurers in advanced markets face reserve adequacy concerns amidst recent shocks: Swiss Re. WHEREAS:Insurance companies have a critical role to play in meeting the Paris Agreements 1.5 degrees Celsius (1.5oC) goal, requiring net zero greenhouse gas (GHG) emissions by 2050. Help protect your income and future by considering these benefits. The Town of Mansfield held a groundbreaking ceremony for the state of Connecticut's very first, zero-net energy elementary school on Thursday, June 25. Receive your Auto ID cards via email, US Postal Mail or Fax from The Hartford with your account or policy number. Standards for measuring emissions associated with underwriting, insurance, and investment activities are still being developed or have only recently emerged. Webster Bank Awards Financial Empowerment Grants, CBIA BizCast: Bright Feeds Tackles Food Waste. In order to use this feature, we need some information from you. The new goal, made public Thursday, is intended to complement previously announced environmental objectives for the company, including switching to renewable energy sources across its facilities by 2030 and dropping certain greenhouse gas emissions by at least 2.1% each year from 2015, for a total reduction of 46.2% by 2037. We assume no obligation to update this news release, which speaks as of the date issued. The Hartford is proud to be a leader in helping address the extensive and crucial challenge of climate change, drawing on our centuries of experience managing risk and our legacy of sustainability, said The Hartfords Chairman and CEO Christopher Swift. The Hartfordtoday announced a goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and operations by 2050, in alignment with the Paris Climate Accord. Environmental, Social and Governance (ESG) matters are a top priority for The Hartford, and the company will remain engaged in learning and sharing insights and expertise as accountability models for marking net zero progress are developed. Choose from a broad selection of business insurance coverages and design the right solution for your company. We recognize some critical metrics and standards still need to be established to measure progress toward our net zero goal, but we are focused on doing the essential work and necessary due diligence over the next few years to position us to meet this societal imperative., See related article: Foot Locker, Inc. When in doubt, turn to The Hartford's auto and home insurance customer service. Log onto your Auto & Home account with secure fingerprint to manage your policy. one of which was the first net-zero public school in the state; improving . The Hartford's net zero goal has animated a year of innovative work across the company to drive measurable progress towards our efforts to address climate change and support the energy transition. April 7, 2022 - 4:15 pm. The company will evaluate various options and keep its stakeholders informed of progress toward adopting a methodology to measure GHGe in its portfolio of businesses and investments. It also set a goal to be a net-zero company by 2050 or earlier. This can take a few The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. Dont miss out - subscribe today. The company's earnings are divided between property-and-casualty operations, group benefits and mutual funds. Insured losses from natural disasters reached $42 billion in the first six months of 2021, a ten year high. HARTFORD, Conn.--(BUSINESS WIRE)-- A BETTER BUSINESS CLIMATE MEANS A BRIGHTER FUTURE FOR EVERYONE. This goal is in addition to the companys existing targets to operate with 100% renewable-energy-source consumption for its facilities by 2030 and to reduce select GHGe by at least 2.1% each year starting in 2015 for a total reduction of 46.2% by 2037. This initiative aims to facilitate the broader adoption of biofuels and encourage their usage in the transportation sector. If you are a subscriber, please sign back in to read this article HARTFORD, Conn. Renewable energy production and use grew last year, but fossil fuels still dominate the energy landscape. Get immediate and secure account access from your smartphone. At $15, AT&T Stock Appears Oversold. Get in touch directly using our contact form. When you select eDelivery you will receive an email notification whenever a new document or bill is ready, rather than waiting for the U.S. mail. In addition, The Hartfords net zero goal requires a pragmatic approach given the complexity of both property and casualty insurance and group benefits. Forgot your Receive Environment + Energy Leader's top news stories two times each week. Hartford, CT 06103 The net zero goal requires a pragmatic approach given the complexity of property-and-casualty insurance and group benefits. The company will balance the impact to all stakeholders as it considers initiatives, policies and business decisions to achieve net zero, with shareholder value creation remaining central throughout the process. Hartford Financial Stock Is Undervalued. This goal is in addition to the company's existing targets to operate with 100% renewable-energy-source consumption for its facilities by 2030 and to reduce select GHGe by at least 2.1% each year starting . Our privacy policy, To ensure the best experience on our website, articles cannot be read without allowing cookies. A Hartford-based architectural firm is designing two Connecticut elementary schools as "net-zero" buildings, which generate as much energy as they use. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Standards for measuring emissions associated with underwriting, insurance and investment activities are still being developed or have only recently emerged. This failure creates significant risk for the Company, investors, and the global climate. These include personal lines insurance products that reward energy efficient behavior, commercial insurance products that support sustainable energy, and insurance support for projects that support energy efficient construction and development. You matter. 2019 Sustainability Highlight Report. This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. The Hartford commits to net zero across its operations by 2050 The Hartford has unveiled a range of ESG commitments with the US insurance giant pledging to achieve net-zero greenhouse gas emissions across its underwriting and investment portfolios by 2050. "The . Required fields are marked *. This goal is in addition to the company's existing targets to operate with 100% renewable-energy-source consumption for its facilities by 2030 and to reduce . 153 talking about this. The Hartford is proud to be a leader in helping address the extensive and crucial challenge of climate change, drawing on our centuries of experience managing risk and our legacy of sustainability, said The Hartfords Chairman and CEO Christopher Swift. I t di d not provi de any Thirteen global insurers have also joined the United Nations Net Zero Insurance Alliance in which they commit to transition the emissions from their insurance and reinsurance underwriting portfolios to net zero by 2050. We've officially launched our "Hartford Federal Credit Union Gives 2023" campaign! moments. Hydrogen is an integral . This goal is in addition to the companys existing targets to operate with 100% renewable-energy-source consumption for its facilities by 2030 and to reduce select GHGe by at least 2.1% each year starting in 2015 for a total reduction of 46.2% by 2037. 68 Below average Happiness How enjoyable people find their day-to-day life at work Average document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The latest news and information delivered directly to your inbox. Discover More. The net zero goal requires a pragmatic approach given the complexity of property-and-casualty insurance and group benefits. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. More information on the company and its financial performance is available at https://www.thehartford.com. Media Contact: As we begin to forge this path, there are three key principles guiding our work that position us to achieve our net zero goal: Building On Success. The growing public pressure for the insurance industry to account for its climate related risks is exemplified by legislation recently passed in Connecticut requiring regulators to incorporate emissions reduction targets into their supervision of insurers. Pursuant to The Hartford's goal to achieve net zero GHGe across its full range of businesses and operations by 2050 in alignment with the Paris Climate Accord announced in April 2022, and to build upon the principles set out in our Net Zero Approach, we are making steady progress as we work towards this important commitment. The new ISSB standards will ensure companies provide sustainability-related information alongside financial statements. US property and casualty insurer, The Hartford, has announced its goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and operations by 2050, in alignment with the Paris Climate Accord. TCFD Report. Drive community-based environmental stewardship by engaging and educating employees, policy makers and community stakeholders around climate mitigation. While making progress in setting divestment policies for coal and tar sands, it does not have a broader climate plan to reduce the full range of its GHG emissions. Further embed existing ESG principles across our underwriting and enterprise risk management practices by increasing written premium in products that support a responsible future. For additional details, please read The Hartfords legal notice. August 26, 2020 TSKP FEATURED in the Hartford Courant: Connecticut's first 'net-zero' schools, tapping solar and geothermal energy, to be built in Manchester and Mansfield Featured in the Hartford Courant. The U.S. Commodity Futures Trading Commission recentlyacknowledgedthat climate change could impair the productive capacity of the national economy and recommends that state insurance regulators require insurers to assess how their underwriting activity and investment portfolios may be impacted by climate-related risks. The goal is in addition to the company's existing targets, where they aim to operate with 100% renewable-energy-source . We have made significant progress in reducing our GHGe since we began reporting our data in 2007. The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com, Twitter account at www.twitter.com/TheHartford_PR and Facebook at https://facebook.com/thehartford. The press release also added that The Hartford will balance the impact to all stakeholders as it considers initiatives, policies and business decisions to achieve net zero, with shareholder value creation remaining central throughout the process. For additional details, please read The Hartfords legal notice. Matthew Sturdevant Rural Economy, and Expand Production of Low-Carbon Fuels, WEF Report: Gender Gap Not On Pace to Close Until 2154, Accenture Invests in Diversity and Inclusion Learning Platform Praxis Labs, The NFL Borrows $78 Million From Minority-Owned Banks, Strengthening Support for Diverse Business Owners, Bank of America Surpasses $500 Million in Equity Investments to Support Minority and Women Entrepreneurs, Foot Locker, Inc. It was ranked 160th in Fortune 500 in the year of 2020.
Pgt Trucking Locations,
Church Of Christ Montclair Nj,
Software Requirements Specification,
Military Benefits After 5 Years Of Service,
Articles T