Aig
American International Group, Inc. (AIG) is a leading global insurance organisation headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1919, AIG has established itself as a key player in the insurance and financial services industry, offering a diverse range of products and services, including property and casualty insurance, life insurance, and retirement solutions. AIG is renowned for its innovative risk management solutions and commitment to customer service, which have positioned it as a trusted partner for individuals and businesses alike. The company has achieved notable milestones, including its recovery and growth following the financial crisis of 2008, reinforcing its resilience and market leadership. With a strong focus on sustainability and digital transformation, AIG continues to adapt to the evolving needs of its clients in an increasingly complex global landscape.
DitchCarbon Score
How does Aig'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
Aig's score of 58 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aig's reported carbon emissions
In 2023, AIG reported total carbon emissions of approximately 406,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 397,000,000 kg CO2e. Specifically, Scope 1 emissions were about 7,389,000 kg CO2e, and Scope 2 emissions totalled approximately 26,334,000 kg CO2e. The company has set ambitious climate commitments, aiming to achieve net zero greenhouse gas emissions across its operations by 2050 or sooner. AIG is also committed to sourcing 100% renewable energy for its operations by 2030. In terms of past performance, AIG has made notable strides in reducing its emissions. For instance, from 2010 to 2019, the company exceeded its target of a 20% reduction in Scope 1 and 2 emissions in the UK, achieving a 69% reduction. Additionally, AIG has committed to a 50% reduction in operational print by 2023 and a 90% reduction by 2025 from 2019 levels. Overall, AIG's climate strategy reflects a comprehensive approach to reducing its carbon footprint, with a focus on both operational efficiency and renewable energy adoption.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 17,121,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 93,781,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 419,169,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Aig 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.
