Corebridge Financial Sustainability Profile
Corebridge Financial, headquartered in the United States, is a prominent player in the financial services industry, specialising in insurance and investment solutions. Founded in 2020, the company has quickly established itself as a trusted provider, focusing on life insurance, retirement products, and asset management services. With a commitment to innovation, Corebridge Financial offers unique products designed to meet the diverse needs of its clients, including individual and institutional investors. The company has achieved significant milestones, positioning itself as a leader in the market through strategic partnerships and a customer-centric approach. Corebridge Financial's dedication to transparency and reliability has garnered recognition, making it a preferred choice for those seeking comprehensive financial solutions in an ever-evolving landscape.
DitchCarbon Score
How does Corebridge Financial'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
Corebridge Financial's score of 41 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Corebridge Financial's reported carbon emissions
In 2021, Corebridge Financial reported total carbon emissions of approximately 517,033,000 kg CO2e. This figure includes Scope 1 emissions of about 77,262,000 kg CO2e, Scope 2 emissions of around 17,015,000 kg CO2e, and Scope 3 emissions, which consist of business travel at approximately 4,410,000 kg CO2e and fuel and energy-related activities at about 6,946,000 kg CO2e. The company has set ambitious climate commitments, reaffirming its operational net zero target by 2050 or sooner. Additionally, Corebridge aims to source 100% renewable energy for its operations by 2030. In terms of operational print, the company is committed to a 50% reduction by 2023 and a 90% reduction by 2025 from 2019 levels. Corebridge Financial's emissions data is sourced directly from the organisation itself, with no cascaded data from a parent company. The company is actively working towards its climate goals, demonstrating a commitment to sustainability and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 71,106,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 17,121,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 419,169,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Corebridge Financial's Industry?
How Carbon Intensive is Corebridge Financial's Location?
Corebridge Financial's Scope 3 Categories Breakdown
Corebridge Financial's Scope 3 emissions, which decreased by 97% last year and decreased by approximately 97% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 61% of Scope 3 emissions.
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Corebridge Financial's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Corebridge Financial has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
