Equitable Financial Life Insurance Company Sustainability Profile
Equitable Financial Life Insurance Company, commonly referred to as Equitable, is a prominent player in the life insurance and financial services industry, headquartered in the United States. Founded in 1859, the company has a rich history marked by significant milestones, including its evolution into a leading provider of innovative insurance solutions. Equitable offers a diverse range of products, including life insurance, retirement planning, and investment services, distinguished by their customer-centric approach and commitment to financial security. With a strong presence in major operational regions across the US, Equitable has established itself as a trusted name, recognised for its robust financial strength and dedication to helping clients achieve their long-term financial goals.
DitchCarbon Score
How does Equitable Financial Life Insurance Company'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
Equitable Financial Life Insurance Company's score of 44 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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Equitable Financial Life Insurance Company currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of Equitable Holdings, Inc., any emissions data would be cascaded from this parent organisation. However, there are no documented reduction targets or climate pledges from Equitable Financial Life Insurance Company itself. The company is part of a broader corporate family that may have climate commitments, but specific initiatives or targets related to carbon emissions have not been disclosed. As such, Equitable Financial Life Insurance Company appears to be in the early stages of establishing its own climate strategy and emissions reporting. In the context of the insurance industry, many companies are increasingly focusing on sustainability and carbon reduction, aligning with global efforts to combat climate change. However, without specific data or commitments from Equitable Financial Life Insurance Company, it is challenging to assess their current impact or future plans in this area.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,232,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,670,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,907,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Equitable Financial Life Insurance Company's Industry?
How Carbon Intensive is Equitable Financial Life Insurance Company's Location?
Equitable Financial Life Insurance Company's Scope 3 Categories Breakdown
Equitable Financial Life Insurance Company's Scope 3 emissions, which decreased by 23% last year and decreased by approximately 53% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 20% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Equitable Financial Life Insurance Company'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.
Equitable Financial Life Insurance Company 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.
