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 77% 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 29,000,000 kg CO2e, comprising 7,499,710 kg CO2e from Scope 1, 11,022,880 kg CO2e from market-based Scope 2, and significant contributions from Scope 3 emissions, including 145,500,000 kg CO2e from purchased goods and services. This marks a notable increase in emissions compared to 2022, where total emissions were about 29,000,000 kg CO2e, with Scope 1 at 8,861,150 kg CO2e and market-based Scope 2 at 12,007,000 kg CO2e. Great-West Lifeco has set ambitious climate commitments, aiming for net zero greenhouse gas (GHG) emissions by 2050 for its financed emissions in the General Account. Interim targets are currently under development. The company 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. Additionally, a more recent target aims for an 8% reduction in Scope 1 and 2 emissions from 2013 to 2020. The emissions data is sourced directly from Great-West Lifeco Inc. and reflects their ongoing commitment to addressing climate change through measurable targets and transparency in reporting.
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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.
