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 47 is higher than 93% 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 2023, Definity Financial reported total carbon emissions of approximately 31,733,000 kg CO2e. This figure includes 1,691,000 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 177,000 kg CO2e from Scope 2 emissions, related to purchased electricity and steam. Notably, the company’s Scope 3 emissions were significantly higher, with investments alone contributing a staggering 406,150,000 kg CO2e. Over the past few years, Definity Financial has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were about 27,182,000 kg CO2e, while in 2021, they were approximately 24,250,000 kg CO2e. This indicates a trend of increasing emissions, particularly in Scope 3, which reflects the broader impact of their investment activities. Definity Financial has set ambitious climate commitments, including a net-zero target by 2050, as part of their Science Based Targets initiative (SBTi) commitment. They are classified as a financial institution and are actively working towards integrating sustainability into their operations and investment strategies. The company is a member of the BA1.5 initiative, which underscores their dedication to aligning with global climate goals. Overall, Definity Financial is navigating the complexities of carbon emissions while striving to meet its long-term climate objectives, reflecting a growing awareness and responsibility towards environmental sustainability in the financial sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,820,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 426,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 78,449,000 | 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.
