Canada Life
Canada Life, officially known as Canada Life Assurance Company, is a prominent player in the financial services industry, headquartered in Great Britain. Established in 1903, the company has evolved significantly, marking key milestones in its journey, including its integration into the Great-West Lifeco family in 2003. With a strong presence across the UK and Canada, Canada Life focuses on life insurance, pensions, and investment solutions, catering to both individual and corporate clients. Its core offerings, such as life assurance and retirement planning, are distinguished by their customer-centric approach and innovative product designs. Recognised for its commitment to financial security, Canada Life has solidified its market position as a trusted provider, consistently achieving high customer satisfaction ratings and industry accolades.
DitchCarbon Score
How does Canada Life'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
Canada Life's score of 21 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Canada Life's reported carbon emissions
In 2023, Canada Life reported total carbon emissions of approximately 1,648,000 kg CO2e, comprising 548,000 kg CO2e from Scope 1, 1,099,000 kg CO2e from Scope 2, and 10,000 kg CO2e from Scope 3 emissions. This represents a slight increase in emissions compared to 2022, where total emissions were about 1,366,000 kg CO2e, with 500,000 kg CO2e from Scope 1, 860,000 kg CO2e from Scope 2, and 6,000 kg CO2e from Scope 3. Despite the increase in emissions, Canada Life has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The company has reported emissions intensity metrics, such as 1,030 kg CO2e per employee in 2023, down from 1,260 kg CO2e per employee in 2022, indicating a focus on improving operational efficiency. Canada Life's commitment to addressing climate change is evident through its transparency in emissions reporting, although further details on specific reduction strategies or climate pledges are currently unavailable. The company operates within a global context where financial institutions are increasingly held accountable for their environmental impact, highlighting the importance of robust climate commitments in the industry.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 500,000 | 000,000 |
| Scope 2 | 860,000 | 0,000,000 |
| Scope 3 | 6,000 | 00,000 |
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.
Canada Life is not committed to any reduction initiatives 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.
