Definity Financial
Definity Financial Corporation, headquartered in California, 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 innovative products that cater to the evolving needs of its clients. With a strong presence across major operational regions in North America, Definity Financial offers a diverse range of services, including property and casualty insurance, life insurance, and investment management. What sets them apart is their commitment to leveraging technology to enhance customer experience and streamline operations. Recognised for its rapid growth and customer-centric approach, Definity Financial continues to solidify its market position, aiming to redefine the standards of financial services in the industry.
DitchCarbon Score
How does Definity 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
Definity Financial's score of 76 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Definity Financial's reported carbon emissions
In 2024, Definity Financial reported total carbon emissions of approximately 25,363,000 kg CO2e. This includes Scope 1 emissions of about 1,266,000 kg CO2e, primarily from mobile and stationary combustion, and Scope 2 emissions of around 919,000 kg CO2e. The company also disclosed significant Scope 3 emissions, totalling approximately 23,178,000 kg CO2e, with the largest contributions from purchased goods and services (about 18,795,000 kg CO2e) and investments (approximately 753,606,000 kg CO2e). Definity Financial has set ambitious reduction targets, aiming for a 30% reduction in both Scope 1 and 2 emissions by 2025, as well as a 30% reduction in the financed emissions intensity associated with listed equity and corporate bonds. Long-term goals include a 50% reduction in Scope 1 and 2 emissions by 2030, and a 65% reduction in Scope 3 emissions by the same year. By 2035, the company targets a 70% reduction in Scope 1 and 2 emissions and an 85% reduction in Scope 3 emissions. Additionally, Definity Financial is committed to achieving net-zero emissions across its operations and investment portfolios by 2040 or sooner. This commitment aligns with their participation in the Science Based Targets initiative (SBTi), where they have pledged to submit targets by February 2024. The emissions data and reduction targets are not cascaded from any parent organization, indicating that they are independently reported by Definity Financial Corporation, headquartered in Canada.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,820,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 426,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 78,449,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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.
Definity Financial is participating in some 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.
