Genworth Financial
Genworth Financial, Inc., a prominent player in the insurance and financial services industry, is headquartered in the United States. Founded in 1871, the company has established itself as a leader in mortgage insurance, long-term care insurance, and life insurance, catering to a diverse clientele across North America and beyond. With a commitment to providing innovative solutions, Genworth offers unique products designed to meet the evolving needs of its customers, including comprehensive long-term care planning services. The company has achieved significant milestones, including its successful public listing and expansion into various markets, solidifying its position as a trusted provider in the financial services sector. Genworth's dedication to customer service and financial security continues to set it apart in a competitive landscape.
DitchCarbon Score
How does Genworth 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
Genworth Financial's score of 51 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genworth Financial's reported carbon emissions
In 2024, Genworth Financial reported total carbon emissions of approximately 5,615,000 kg CO2e, comprising 542,000 kg CO2e from Scope 1 and 5,073,000 kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where emissions totalled about 7,541,000 kg CO2e, with Scope 1 emissions at 659,000 kg CO2e and Scope 2 at 6,882,000 kg CO2e. Over the past two years, Genworth has made significant strides in reducing its carbon footprint, particularly in Scope 2 emissions. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 across both Scope 1 and Scope 2 emissions. This long-term target was established in 2023 and is supported by the establishment of an Energy Transition Fund, which seeks to invest in high-quality assets and businesses that facilitate the transition to a net-zero economy. Genworth's emissions data is sourced directly from Genworth Financial, Inc., with no cascaded data from parent or related organizations. The company continues to focus on sustainability initiatives to further reduce its environmental impact.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 532,460 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,775,370 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
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.
Genworth Financial is not participating in any 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.
