Logout

Follow Us

Liberty Mutual Insurance

CEF Lead Executives

Sustainability Goals

Sustainability Goals

Liberty Mutual’s Climate Aspirations (2020 TCFD report)

  • Aspiration 1: We are committed to transitioning to a low-carbon economy and are undertaking activities that will help inform our climate strategies
  • Aspiration 2: We are building capabilities to help us monitor and measure the progress of our transition journey. 
  • Aspiration 3: We support the development of responsible investment and underwriting guidelines that will enable our climate journey while supporting businesses in traditionally high-impact sectors that are committed to transitioning to a low-carbon economy. 
  • Aspiration 4: We aim to support innovation that can significantly impact the pace and design of the transition to a low carbon economy
  • Aspiration 5: We favor a ‘3-Rs’ strategy for our operations low-carbon transition roadmaps with preference being given to i) reducing our emissions through improved efficiency, followed by ii) investing in renewable/alternative technologies and businesses and finally, iii) buying RECs (renewable energy credits) and offsets.

Latest Sustainability Reporting

Highlights


  • Reduced greenhouse gas (GHG) emissions by 46% in 2023 (2019 baseline).
  • Reduced miles driven by its corporate fleet by 47% in 2023 (2019 baseline).
  • Has invested more than $1.23 billion in renewable energy-generation investments and $810 million in early-stage energy transition opportunities.
  • Created a Head of Impact and Sustainable Investments role within Liberty Mutual Investments to advance company’s impact investing strategy.
  • Launched its Climate Activation Program, an internal climate education initiative to create a common understanding of climate impacts on clients and the economy and how the company can respond.
  • Collaborated to deploy flood sensors at client premises to deliver more accurate insights for high-risk locations.
  • Reached its 2025 U.S. Representation goal of 11% Black employees in 2023.
  • Included in 2023 Forbes Best Employers for Diversity

Recent News

2022

Environmental, Social, and Governance (ESG) Risk Rating” (Marsh) An assessment tool to measure an organization’s ESG performance, enabling it to identify its most critical sustainability and climate-related risks and opportunities. The rating scores a client’s performance across 18 ESG themes, measured against more than 10 internationally recognized standards and frameworks published by leading organizations including the Global Reporting Initiative, Sustainability Accounting Standards Board, Task Force on Climate-related Financial Disclosures, and the World Economic Forum. (March 2022)

  • CEF Member Liberty Mutual Insurance is collaborating with Marsh to offer its clients in the US and Canada complimentary access to risk advisory services relating to sustainability and climate-related risks and opportunities when they opt-in to the ESG Risk Rating.

Press Release 

Share by: