Empower Annuity Insurance Company of America Sustainability Profile
Empower Annuity Insurance Company of America, commonly referred to as Empower Annuity, is a prominent player in the financial services industry, headquartered in the United States. Founded in 2014, the company has rapidly established itself as a leader in providing innovative annuity products and retirement solutions, catering to a diverse clientele across major operational regions in the US. Empower Annuity offers a range of core products, including fixed and variable annuities, designed to meet the unique needs of individuals seeking financial security in retirement. What sets Empower Annuity apart is its commitment to customer-centric solutions and a robust digital platform that enhances user experience. With a strong market position, Empower Annuity continues to achieve notable milestones, solidifying its reputation as a trusted provider in the annuity insurance sector.
DitchCarbon Score
How does Empower Annuity Insurance Company of America'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
Empower Annuity Insurance Company of America's score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Empower Annuity Insurance Company of America currently does not have specific carbon emissions data available, as indicated by the absence of emissions figures. The company is a current subsidiary of Great-West Lifeco Inc., which means that any relevant emissions data or climate commitments may be inherited from this parent organisation. As a subsidiary, Empower Annuity Insurance Company of America is aligned with the climate initiatives and targets set by Great-West Lifeco Inc. However, specific reduction targets or achievements for Empower Annuity itself have not been disclosed. The company does not appear to have established its own Science-Based Targets Initiative (SBTi) commitments or documented reduction initiatives. In the context of the insurance industry, companies are increasingly focusing on sustainability and climate commitments, often cascading their targets and strategies from parent organisations. Empower Annuity's climate strategy may reflect broader industry trends towards reducing carbon footprints and enhancing environmental responsibility, but specific details remain unspecified at this time.
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| 2007 | 2013 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,483,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 24,693,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | - | - | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Empower Annuity Insurance Company of America's Industry?
How Carbon Intensive is Empower Annuity Insurance Company of America's Location?
Empower Annuity Insurance Company of America's Scope 3 Categories Breakdown
Empower Annuity Insurance Company of America's Scope 3 emissions, which increased by 5% last year and increased by approximately 785% since 2013, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 92% of Scope 3 emissions.
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Empower Annuity Insurance Company of America'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.
Empower Annuity Insurance Company of America has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
