CSAA Insurance Group has announced the release of its annual environmental, social and governance report, in which the insurer details the progress made toward its goal of a 50% reduction in carbon emissions and carbon neutrality by 2025.
CSAA has already achieved a 45% reduction in emissions from its 2016 baseline, inclusive of scopes 1, 2 and 3 (business travel, employee commute and home office energy use), the company said.
“For an insurer, the environmental aspect of ESG is critical,” said Tom Troy, president and CEO of CSAA. “It is a business imperative, given the role we play in helping policyholders who experience losses due to climate-related impacts. With increasing frequency and severity of wildfires, hurricanes, and other weather events, it is incumbent on the industry to work to reduce the effects of climate change, and we strive to be an industry leader in this important work.”
The report also highlighted the company’s progress in existing programs and announced several new initiatives, including:
CSAA recently announced a $25 million commitment to the California Wildfire Innovation Fund.
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