Hagerty launches Enthusiast Carbon Offset program – PR Newswire

ECO is part of Hagerty’s broader Impact strategy launching this year

TRAVERSE CITY, Mich. , Jan. 26, 2023 /PRNewswire/ — Hagerty   (NYSE: HGTY ), an automotive lifestyle brand and a leading specialty insurance provider, today officially launched ECO, the voluntary Lover Carbon Counteract program to help motorists reduce the carbon footprint of their collectible cars, trucks and motorcycles in an easy, convenient and transparent way.

ECO is the particular first step in a holistic Hagerty Impact strategy that will educate and empower enthusiasts to drive positive change across a range associated with social plus environmental activities. Hagerty will lead the way, offsetting all emissions from its classic fleet and driving events. For 2022, this included the California Mille plus Greenwich Concours Driving Tour.

“We believe the love of driving and the love of our planet can and must co-exist, ” said Hagerty CEO McKeel Hagerty . “As part of our own long-term environmental strategy, we are committed in order to helping auto enthusiasts responsibly make a difference with simple and affordable steps such as this particular program. inch

Worldwide, approximately 72 percent of people think that protecting and restoring natural habitats would be a helpful solution within addressing climate change, according to an Edelman Trust Barometer 2022 special report on climate modify. ¹

“We have made a commitment to educate ourselves and the members on the best ways to improve their vehicles plus driving habits to lessen the overall impact on the environment, ” said Kory Felker , Vice President of Brand Strategy at Hagerty. “At the same time, we will respect any associated with our members who are not ready to engage in these efforts. ”

How It Works

ECO will allow valuable vehicle owners in order to monitor their CO2 exhausts by entering their vehicle’s type and the mileage they want to offset into a web-based emissions calculator powered by Chrome Carbon ,   the reforestation program and an industry leading carbon reduction initiative for automotive enthusiasts.

The calculator helps owners recognize their vehicle’s impact and allows them to offset multiple times its CO2 emissions by planting trees locally in the U. S, Canada or the U. K., Chrome Co2 partners along with certified weather bodies plus organizations to fund highly ranked reforestation and carbon reduction projects with real plus measurable gains.  

Planting trees is one of the most impactful and inexpensive ways of taking CARBON DIOXIDE out of the atmosphere and repairing natural habitat, based on scientists. Chrome Carbon partners along with organizations working closely with national forest agencies, local forest experts and farmers, making sure that the right trees are planted and looked after in the most relevant locations.

Hagerty’s ECO program is available now to all collectible vehicle owners interested in offsetting the carbon emissions associated with driving their vehicle.

Participation in Hagerty ECO is not linked to the purchase of a Hagerty insurance product or event ticket and can be purchased independently by any valuable vehicle owner. For more information, click here .

About Hagerty Impact

Our impact strategy aims to leverage our position as the world’s largest membership organization for car lovers to be a catalyst for positive change across the issues that matter most to our teams, our members, the broader automotive community, our shareholders and the planet at large.

About Hagerty, Inc. (NYSE: HGTY )

Based in Traverse City, Michigan , Hagerty’s purpose will be to save driving and car culture for future generations and its mission is to build the global business to fund that will purpose. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance coverage provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Marketplace, Hagerty Drivers Club ® , Hagerty Drivers Golf club magazine, Hagerty Drivers Foundation, Hagerty DriveShare , Hagerty Valuation Tools ® , Hagerty Media, MotorsportReg, Hagerty Garage + Social ® , The Amelia, the particular Detroit Concours d’Elegance, the Greenwich Concours d’Elegance, the particular California Mille, Motorlux, RADwood, Broad Arrow Group plus more. For more information on Hagerty please visit  www.hagerty.com , or even connect with us on  Facebook ,   Instagram   and  Twitter .

More information may be found at newsroom. hagerty. com .

About Chrome Carbon

Chrome Carbon partners along with organizations working closely with national forest agencies, local forest experts and farmers, making sure that the right trees are planted and looked after in the majority of relevant areas. The company’s projects include wildfire restoration in North America , rainforest repair in Brazil , rebuilding animal habitat in Africa and a lot more.          

ChromeCarbon is a reforestation and climate actions initiative by plus for automotive enthusiasts. It is about repairing, restoring and preserving not only our machines, but also our environment. The particular company’s projects include reforestation, afforestation, revegetation and agroforestry in North America , South America , Europe and The african continent .

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our own current intentions, expectations, or beliefs regarding the business. Because forward-looking statements relate in order to the future, they are subject to inherent risks and uncertainties that are usually difficult to predict and may become outside of the control. Some of the factors that may cause our actual results to differ materially from those contemplated simply by our forward-looking statements consist of: (i) our ability to recognize the anticipated benefits of the particular subject associated with this press release; (ii) our capability to compete effectively within our own industry plus attract and retain users; and (iii) the other dangers and questions listed in the Form 10-K filed along with the U. S. Investments and Exchange Commission (“SEC”) on March 24, 2022 . This press release should be read in conjunction with the information included in our other push releases, reports, and other filings with the SEC. Understanding the information contained within those filings is important in order in order to fully understand our own reported financial results plus our company outlook with regard to future periods. We do not undertake any obligation to publicly update or even review any forward-looking statement, whether because a result of new information, long term developments, or otherwise, except since required by law.

SOURCE Hagerty

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