Genworth Financial Sustainability Profile
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 67% 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 at 659,000 kg CO2e and Scope 2 at 6,882,000 kg CO2e. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions, with initiatives starting in 2023. In addition to its long-term goals, Genworth has established a near-term commitment through an Energy Transition Fund, initiated in 2023, to invest in high-quality assets and businesses that support the transition to a net-zero economy. This fund is expected to enhance their sustainability efforts and contribute to their overall emissions reduction strategy. 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 reducing its carbon footprint while aligning with industry standards for climate action.
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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 | - | - | - | - | - |
How Carbon Intensive is Genworth Financial's Industry?
How Carbon Intensive is Genworth Financial's Location?
Genworth Financial'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.
Genworth Financial 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.
