Great West Lifeco
Great-West Lifeco Inc., headquartered in Canada, is a prominent player in the financial services industry, specialising in life insurance, health insurance, and asset management. Founded in 1891, the company has established a strong presence across North America and Europe, with significant operations in Canada, the United States, and the United Kingdom. With a diverse portfolio of core products, including individual and group insurance plans, retirement solutions, and investment management services, Great-West Lifeco distinguishes itself through its commitment to customer-centric innovation and financial security. The company has achieved notable milestones, including strategic acquisitions that have bolstered its market position, making it one of the leading insurance and financial services providers in the region.
DitchCarbon Score
How does Great West Lifeco'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
Great West Lifeco's score of 54 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Great West Lifeco's reported carbon emissions
In 2023, Great West Lifeco reported total carbon emissions of approximately 74,997,710 kg CO2e for Scope 1, 11,022,880 kg CO2e for Scope 2 (market-based), and significant Scope 3 emissions, including 145,500,000 kg CO2e from purchased goods and services. The company has set a long-term net zero greenhouse gas (GHG) emissions target to be achieved by 2050 for its financed emissions in the General Account, with interim targets currently under development. In 2022, emissions were recorded at 8,861,150 kg CO2e for Scope 1, 12,007,000 kg CO2e for Scope 2 (market-based), and 5,078,860 kg CO2e for business travel within Scope 3. Notably, Great West Lifeco achieved a 35% reduction in Scope 1 and 2 emissions from 2007 to 2015, specifically for its Canadian corporate head office properties, excluding certain emissions sources. The company has disclosed emissions data across all three scopes (1, 2, and 3) and is committed to ongoing improvements in its sustainability practices. Great West Lifeco's climate commitments reflect a proactive approach to addressing climate change, aligning with industry standards and expectations.
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| 2007 | 2013 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,483,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 0,000,000 | 0,000,000 |
| Scope 2 | 24,693,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | - | 0,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 000,000,000 |
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.
Great West Lifeco 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.
