2024年企业可持续发展报告

2024 Sustainability Highlights Company overview Carlos Rosales-Silva Strategic Pillars Cascaron2021sand, crushed stone, Progressive’s story started in 1937. Our success is built on thefoundation of two guys from Cleveland, Ohio, who saw anopportunity to serve an under-served market and offer something Ensuring our people and culturecollectively remain our most powerful ƒThe 2nd largest auto carrier in the U.S.ƒThe largest seller of motorcycle and boat policiesƒA market leader in commercial auto insurance Meeting the broader needs of our Maintaining a leading brand recognizedfor innovative offerings and supported Progressive is grounded on four cornerstones: our CoreValues, Purpose, Vision, and Strategy.Our Core Values definewho we are; our Purpose expresses why we’re here; our Visionguides where we’re headed; and our Strategy articulates Our complete 2024 Corporate Sustainability Report(CSR) is available on ourInvestor Relationswebsite. Thisreport is informed by elements from SASB and TCFD. Offering competitive prices driven byindustry-leading segmentation, claims We see sustainability as part of the value we bring to ourcustomers, communities, employees, independent agents,and shareholders. We believe our sustainability efforts directly Corporate governance Sound governance is an organizing principle at Progressive, starting with the Board and extending to management and all employees. Board composition See ourAnnual Reports on Form 10-KandQuarterlyReports on Form 10-Qfor more governance See our2025 Proxy Statementfor a discussion ofsignificant corporate governance practices, which Business modeland innovation Left:Dan Tranberg;Untitled; 2015; acrylic oncanvas; 12" x 12" Center:Dan Tranberg;Untitled; 2016; acrylicDayGlo on canvas; 12" x 9" We strive to create long-term value for our stakeholdersthrough our commitment to innovation and our growthmindset. Innovation is a central component of Progressive’s Right:Dan Tranberg;Untitled; 2015; acrylic oncanvas; 12" x 12" Our people, our culture, our Purpose Equal pay Diversity, equity,and inclusion We’re proud to report that for Progressive employees withsimilar performance, experience, and job responsibilities,women earn one dollar for every dollar earned by men, We strive to live up to our name and our Purpose: to help people move forward and live fully, and our Core Values are the Communityinvolvement Policy Statementon Political Core Values We recognize that our commitment to pay equity requiresour constant attention, and we take regular steps to ensurethat our people’s compensation reflects their performance, Report on politicalexpenditures INTEGRITYGOLDEN RULE [3]In evaluating pay equity companywide, we use a regression model thatconsiders the following components of compensation: annual salary,bonus (Gainshare), and equity awards. These are point-in-time measures(as of February 2025) that include all Progressive employees other than our +$27 million donated in 2024, achieving our goal to reach $25M by 2025 Our people, living our Purpose Our company, driving our Purpose Karen Beckwith Charitable giving through ERGs On the road Backyard Gate2008 In 2024, directly or through The Progressive InsuranceFoundation (the Foundation), Progressive donated nearly$1.4 million to charitable organizations supported by our ERGs. The Keys to Progress® veteran vehicle giveaway program hasgifted more than 1,100 vehicles in 12 years to veterans in need. Vehicle giveaways Name Your Cause® In the home The Foundation donated over $5 million through Name YourCause in 2024. In 2024, Progressive committed over $7 million to initiatives thathelp families achieve homeownership and build lasting legacies. [1]Employee Resource Groups (ERGs). Housing access initiatives [2]Through our Name Your Cause® program, each employee can recommendan eligible charity to receive a fixed amount of The Progressive InsuranceFoundation’s charitable giving without requiring the employee to make For small businesses Grants of $50,000 were awarded to 20 small businesses acrossthe U.S. in 2024. Progressive has awarded $1.5 million in grants Environment We believe that managing climate-related risks can help reduce expense and allow us to offer competitive rates.We’re committed to making efforts to reduce our carbon emissions and operate efficiently in all aspects of our business. Aspirational goals 75% renewable energy 40% reduction in Scope 1 and 2 Carbon neutrality Achieve carbon neutralityin Scope 1 and 2 emissions We achieved 58% renewable energy for ourowned buildings and data center locationsat the end of 2024, with the goal of achieving We reduced our total Scope 1 and 2emissions by 17% from our 2022 baseyear, which is almost halfway to our Cal Lane;Wheelbarrow; 2005; plasma cut steel; 36" x 24" x 24"Cal Lane;Shovel; 2005;plasma cut steel; 57" x 8" [1]Includes carbon emissions from electricity and natural gas consumption, fuelused by