Liberty Mutual Insurance recognizes that greenhouse gas emissions from fossil fuel usage play a significant role in climate change. The company remains dedicated to reducing its own environmental impact as part of its contribution to address this issue. In 2021, the company revealed its commitment to decrease global Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50% from the 2019 levels by 2030. Currently, the company has achieved a significant 43% reduction in GHG emissions compared to its 2019 baseline. Liberty Mutual Insurance's latest filings mentioned the keywords 'Climate Change' and 'Emissions' most number of times.

In 2022, the company's total Scope 1 emissions were 29,236 metric tons of CO2e, Scope 2 (market-based) emissions were 36,791 metric tons of CO2e, while its total Scope 3 emissions were 29,518 metric tons of CO2e. The total greenhouse gas emissions (Scope 1 and 2) declined by 10.62% when compared to the base year of 2021.

The company has already taken steps to reduce emissions, including decreasing its operational carbon footprint by increasing operational efficiencies and identifying renewable energy opportunities across its real estate portfolio. According to the company's CSR report for 2022, it consumed 126,027 MWh of electricity. The company is also beginning to look into liability risk related to climate change as its own risk category.

In conclusion, Liberty Mutual Insurance is dedicated to reducing its environmental impact and combating climate change. They aim to decrease global Scope 1 and Scope 2 greenhouse gas emissions by 2030, with significant progress already achieved. The company's commitment to sustainability and exploration of renewable energy options reflects their responsible approach to environmental stewardship.

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