New York Life
New York Life Insurance Company, commonly referred to as New York Life, is a leading mutual life insurance company headquartered in New York City, US. Founded in 1845, it has established itself as a cornerstone of the insurance industry, providing a range of financial products and services, including life insurance, retirement planning, and investment solutions. With a strong presence across the United States, New York Life is renowned for its commitment to policyholders and its financial strength, consistently earning high ratings from independent agencies. The company’s unique approach combines personalised service with innovative products, ensuring clients receive tailored solutions to meet their financial goals. As one of the largest life insurers in the US, New York Life continues to achieve notable milestones, reinforcing its position as a trusted partner in financial security.
DitchCarbon Score
How does New York Life's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
New York Life's score of 30 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New York Life's reported carbon emissions
In 2023, New York Life reported total carbon emissions of approximately 10545000 kg CO2e for Scope 1, 94228000 kg CO2e for Scope 2, and 39360000 kg CO2e for Scope 3 emissions. Notably, the Scope 3 emissions included significant contributions from business travel (about 10194000 kg CO2e), employee commute (approximately 8111000 kg CO2e), downstream leased assets (around 15002000 kg CO2e), and waste generated in operations (about 6053000 kg CO2e). Comparatively, in 2022, New York Life's Scope 3 emissions were reported at approximately 30180000 kg CO2e, indicating a substantial increase in emissions over the year. The breakdown for 2022 included business travel (about 6500000 kg CO2e), employee commute (approximately 748000 kg CO2e), downstream leased assets (around 17308000 kg CO2e), and waste generated in operations (about 5624000 kg CO2e). The company has not disclosed specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). However, New York Life continues to monitor and report its emissions across all three scopes, demonstrating a commitment to transparency in its climate impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,072,000 | 00,000,000 | 0,000,000 | - | 00,000,000 |
| Scope 2 | 95,548,000 | 00,000,000 | 0,000,000 | - | 00,000,000 |
| Scope 3 | 28,431,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
New York Life is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
