Energy and carbon emissions management
At Progressive, we're working to reduce our carbon emissions through a combination of initiatives, including investments in renewable energy, more energy- and fuel-efficient vehicles, and building infrastructure. Over a decade ago, we embarked on an ambitious journey to reduce energy consumption and maximize the use of our office space. We invested in building automation systems to adjust heating, cooling, and lighting based on occupancy, and replaced building infrastructure with more energy-efficient equipment.
Recently, we've expanded our green energy investments, including purchasing solar panels and green energy. In 2020, we negotiated a renewable energy agreement with a wind farm in Pennsylvania, which currently supplies power for sites served by the PJM wholesale energy exchange (covering several states generally in the eastern region of the U.S.). This agreement has meaningfully reduced our electricity-related carbon emissions by roughly 31,000 metrics tons of CO2e per year.
We also installed a 1.8-megawatt solar panel array at one of our main campus locations in Cleveland, Ohio. We expect it will reduce the site's emissions by 1,500 metric tons per year and help us generate a meaningful return on our investment through energy cost savings over time.
Our renewable energy initiatives and investments in energy- and fuel-efficient facilities, equipment, and company vehicles create shared value for our business and stakeholders, supporting our efforts to reduce carbon emissions and pass along cost savings to our customers.