SAINT PAUL, Minn.--(BUSINESS WIRE)--Dec. 5, 2007--Travelers
(NYSE:TRV) today announced its pledge to reduce total U.S. greenhouse
gas emissions by seven percent from 2006 to 2011. The initiative is a
result of the company's participation in Climate Leaders, the U.S.
Environmental Protection Agency's (EPA) industry-government
partnership that works with companies to develop comprehensive climate
change strategies.
"By setting a long-term greenhouse gas reduction goal and
committing to reducing its carbon footprint, Travelers is
demonstrating corporate climate change leadership," said Robert J.
Meyers, principal deputy assistant administrator of EPA's Office of
Air and Radiation.
Climate Leaders participants commit to reducing their impact on
the global environment by completing a corporate-wide inventory of
their greenhouse gas emissions, setting reduction goals and annually
reporting their progress. The EPA estimates that by achieving their
greenhouse gas reduction goals, partners will prevent the equivalent
to the annual emissions of more than seven million cars from entering
the atmosphere.
"As part of our commitment to reducing the impact of Travelers'
activities on the environment, we have been focused on limiting
emissions and increasing the efficiency of our operations for several
years," said Andy Bessette, executive vice president and chief
administrative officer of Travelers. "We're proud of our pledge to
reduce greenhouse gas emissions and to be an industry leader dedicated
to improving the global environment."
Travelers' effort to reduce the negative impact of climate change
doesn't stop with the Climate Leaders program. Travelers established a
Climate Change Committee dedicated to identifying emerging risks that
may require new underwriting strategies or the development of new
insurance coverages that are responsive to a changing climate. Some
examples include: a 10 percent insurance discount for hybrid drivers,
insurance programs for wind power farms and other emerging clean
energy technology, and Boiler & Machinery policies providing for the
incremental cost to replace machinery, including that which is more
efficient and environmentally friendly.
Additionally, Travelers' two largest campuses in Saint Paul,
Minn., and Hartford, Conn., received the EPA's ENERGY STAR(R) label,
distinguishing these buildings as among the most energy efficient in
the United States. The company is also actively involved in the
Business Roundtable Climate Resolve Project, CERES, the Carbon
Disclosure Project and the Pew Center's Business Environmental
Leadership Council.
For more information about Climate Leaders, visit
www.epa.gov/climateleaders.
About Travelers
Travelers understands that life and business are inherently
dynamic and that the best way to serve agents, brokers and
policyholders is to deliver insurance that evolves to stay in-synch
with life and business as they change. For more information on being
in-synch, visit www.travelers.com.
The Travelers Companies, Inc. (NYSE:TRV) is a leading property
casualty insurer selling primarily through independent agents and
brokers. The company's diverse business lines offer its global
customers a wide range of coverage in both the personal and commercial
settings, including automobile, homeowners, construction, small
business, oil and gas, ocean marine, surety and management liability,
global technology and public sector services. Travelers is a Fortune
100 company, with 2006 revenues of $25.09 billion and total assets of
$113.76 billion. The company has approximately 33,000 employees.
CONTACT: Travelers
Media Contact:
Jennifer Wislocki, 860-277-7458
SOURCE: Travelers