Canada Life
Canada Life, officially known as Canada Life Assurance Company, is a prominent player in the financial services industry, headquartered in Great Britain. Established in 1903, the company has evolved significantly, marking key milestones in its journey, including its integration into the Great-West Lifeco family in 2003. With a strong presence across the UK and Canada, Canada Life focuses on life insurance, pensions, and investment solutions, catering to both individual and corporate clients. Its core offerings, such as life assurance and retirement planning, are distinguished by their customer-centric approach and innovative product designs. Recognised for its commitment to financial security, Canada Life has solidified its market position as a trusted provider, consistently achieving high customer satisfaction ratings and industry accolades.
DitchCarbon Score
How does Canada 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
Canada Life's score of 47 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2023, Canada Life reported total carbon emissions of approximately 1,563,000 kg CO2e, comprising 548,000 kg CO2e from Scope 1, 1,099,000 kg CO2e from Scope 2, and 10,000 kg CO2e from Scope 3. This reflects an increase in emissions compared to 2022, where total emissions were about 1,366,000 kg CO2e, with Scope 1 at 500,000 kg CO2e, Scope 2 at 860,000 kg CO2e, and Scope 3 at 6,000 kg CO2e. Canada Life has set ambitious climate commitments, aiming for a 40% reduction in operational emissions (Scopes 1 and 2) by 2030, using a 2019 baseline. Additionally, the company targets a 37% reduction in carbon intensity for its financed emissions by the same year. Long-term, Canada Life has announced its goal to achieve net zero greenhouse gas emissions by 2050, demonstrating a strong commitment to addressing climate change and reducing its carbon footprint across all scopes.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 500,000 | 000,000 |
| Scope 2 | 860,000 | 0,000,000 |
| Scope 3 | 6,000 | 00,000 |
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.
Canada 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.
