Canada Life

In 2023, Canada Life's total reported greenhouse gas emissions were approximately 1,658,000 kg CO2e. This includes about 548,000 kg CO2e from Scope 1 emissions, 1,099,000 kg CO2e from Scope 2 emissions, and 10,000 kg CO2e from Scope 3 emissions. In the preceding year, 2022, their total emissions were approximately 1,366,000 kg CO2e, comprising 500,000 kg CO2e for Scope 1, 860,000 kg CO2e for Scope 2, and 6,000 kg CO2e for Scope 3.

Canada Life is committed to climate action with several reduction targets. They aim to achieve a 40% reduction in operational emissions (Scope 1 and 2) by 2030, against a 2019 baseline. Furthermore, the Group has an interim financed emissions goal of a 37% reduction in carbon intensity by 2030, also against a 2019 baseline, specifically for shareholder funds invested in listed corporate bonds, listed equities, and commercial real estate. Canada Life also announced an ambition to achieve net-zero greenhouse gas emissions by 2050. These targets are inherited from the parent company, Canada Life Limited.