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Canada Life
Direct Life Insurance CarriersUnited KingdomTSX: 0P0001513J.TO
Last verified 8 days agocanadalife.co.uk
Canada Life, or simply Canada Life UK, stands as a prominent financial services provider with its headquarters firmly established in Great Britain. As a leading direct life insurance carrier, the company has built a distinguished reputation in the UK market for its comprehensive protection and wealth management solutions.
Founded in 1847, Canada Life boasts a rich history of over 175 years, consistently adapting to meet the evolving financial needs of individuals and businesses. Its core offerings include a wide array of life insurance policies, annuities, and retirement planning products, all designed to provide financial security and peace of mind. The company is recognised for its robust financial strength and a commitment to customer-centric service within the competitive direct life insurance sector.
46
DitchCarbon score
-7 vs industry average
Canada Life’s score of 46 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Direct Life Insurance Carriers has below-average carbon intensity
Industry performance
0.080
20182025
The Direct Life Insurance Carriers industry has reduced its overall emissions by 27% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Canada Life's reported carbon emissions
Canada Life, a Direct Life Insurance Carrier, reported total Scope 1, 2, and 3 emissions of approximately 1.657 million kg CO2e in 2023. This includes about 548,000 kg CO2e from Scope 1, 1.099 million kg CO2e from Scope 2, and 10,000 kg CO2e from Scope 3 emissions. In 2022, their emissions were approximately 500,000 kg CO2e for Scope 1, 860,000 kg CO2e for Scope 2, and 6,000 kg CO2e for Scope 3.
Canada Life has committed to achieving net-zero greenhouse gas (GHG) emissions by 2050. As an interim goal, the Group aims for a 37% reduction in carbon intensity (measured by carbon footprint) by 2030, against a 2019 baseline. Furthermore, they have an interim operational goal to achieve a 40% reduction in operational emissions (Scopes 1 and 2 emissions) by 2030, also against a 2019 baseline. The emissions data for Canada Life is sourced directly from Canada Life Limited.
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Canada Life’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from Great-West Lifeco Inc.Sign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Canada Life8 days ago
46
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