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Aflac Inc., widely recognised as Aflac, is a prominent provider in the insurance and pension funding services industry. Established in 1955 and headquartered in Columbus, Georgia, USA, the company pioneered the concept of voluntary insurance, offering crucial financial protection to millions.
Specialising in supplemental health insurance, Aflac provides a comprehensive array of policies, including accident, critical illness, cancer, and short-term disability coverage. A distinguishing feature of their offering is the direct payment of cash benefits to policyholders, providing immediate financial support when unexpected health events occur.
With significant operations across the United States and Japan, Aflac stands as a leading supplemental insurance provider globally. The company is highly regarded for its commitment to customer welfare and consistent ethical business practices.
+18 vs industry average
Aflac Way’s score of 57 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Aflac Way, an insurance and pension funding services company headquartered in the US, reported its 2024 global Scope 1 emissions as 2,850,000 kg CO2e. Its Scope 2 (location-based) emissions for the same year were 7,370,000 kg CO2e. For Scope 3 in 2024, the largest categories were purchased goods and services at 170,963,000 kg CO2e, business travel at 11,181,000 kg CO2e, and capital goods at 15,172,000 kg CO2e.
Looking back, in 2023, Aflac Way's global Scope 1 emissions were 3,499,000 kg CO2e, and Scope 2 (location-based) emissions were 7,562,000 kg CO2e. Significant Scope 3 categories in 2023 included purchased goods and services at 170,565,000 kg CO2e, business travel at 11,069,000 kg CO2e, and upstream transportation and distribution at 7,038,000 kg CO2e.
Aflac Way has established several climate commitments. They aim to reduce absolute Scope 1 and 2 emissions by 75% by 2030, using a 2007 baseline. Furthermore, the company is committed to achieving carbon neutrality for Scope 1, 2, and 3 (excluding Category 15) by 2040, and reaching net-zero emissions across all scopes (including Category 15) by 2050. The company also states a target for 2030 that includes a 93.6% reduction from 2007 baseline for 100% of Aflac U.S. and Aflac Japan Scope 1 and Scope 2 market-based emissions.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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