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 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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Aig's reported carbon emissions
In 2023, AIG reported total carbon emissions of approximately 406,000,000 kg CO2e, comprising 7,389,000 kg CO2e from Scope 1, 26,334,000 kg CO2e from Scope 2, and a significant 397,437,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included 16,862,000 kg CO2e from business travel and 373,735,000 kg CO2e from purchased goods and services. The total emissions from Scope 1 and 2 combined were about 33,723,000 kg CO2e. AIG has set ambitious climate commitments, aiming to source 100% renewable energy for its operations by 2030 or sooner, specifically targeting Scope 2 emissions. Additionally, the company has reaffirmed its commitment to achieving net zero operational emissions by 2050 or sooner across all scopes. AIG has also committed to a 50% reduction in operational print by 2023 and a 90% reduction by 2025 from 2019 levels, demonstrating a proactive approach to reducing its carbon footprint. In previous years, AIG has shown progress in its emissions reduction efforts, notably exceeding its UK Carbon Reduction Commitment by achieving a 69% reduction in Scope 1 and 2 emissions by 2020, well above the 20% target. The company continues to focus on enhancing its sustainability practices and reducing its overall environmental impact.
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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.
