We are committed to serving as a force for progress in combating climate change and acknowledge that climate adaptation is critical to the success of our business and our policyholders. Being values-driven means proactively adopting climate strategies that stem from Liberty Mutual’s purpose — to help people embrace today and confidently pursue tomorrow — and proactively supporting the responsible transition to a low-carbon economy.
Integrating ESG into Business & Investments
Part of Liberty Mutual’s commitment to sustainable growth includes integrating ESG into our core business and investment decisions. It will be a multi-year journey, requiring a proactive and thoughtful approach to balancing the different needs of our customers and risks across geographies, while building on evolving research and technology. We’re committed to supporting other companies at varying points in their sustainability journeys with products, services and solutions that can help.
Task Force on Climate-Related Financial Disclosures (TCFD)
Our TCFD report details our approach to climate-related financial risks and our enterprise-level climate strategy.
Addressing Climate Change
Liberty Mutual is advancing climate resiliency and supporting a global energy transition, while putting people first — our customers and policyholders, employees, investors and communities. We are thoughtfully transitioning our business while protecting and supporting the interests of our policyholders and capital providers.
Our five Climate Aspirations guide Liberty Mutual’s enterprise-wide low-carbon program and energy transition strategy.
Guided by these aspirations, we have committed to a 50% reduction of Scope 1 and 2 global greenhouse gas (GHG) emissions from 2019 levels by 2030. Read about our long-term strategy toward a low-carbon future in our Global Emissions Commitment.
Strategic partnerships help raise our ESG and climate expertise, capacity and accountability across geographies and sectors. We are proud to be members of the following organizations, at an enterprise- or business unit level:
Our Operational Footprint
In 2020, our emissions dropped by 40% in our Back Bay location — nearly 20% more than the average reduction in emissions achieved by Boston buildings that year. We are using what we’ve learned from 2020 to keep up these emission reduction rates as we begin the return-to-office transition.