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 33 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Genworth Financial's reported carbon emissions
In 2023, Genworth Financial reported total carbon emissions of approximately 7,541,000 kg CO2e, comprising 659,000 kg CO2e from Scope 1 and 6,882,000 kg CO2e from Scope 2 emissions. This reflects a commitment to transparency in their carbon footprint, although specific reduction targets or initiatives have not been disclosed. In 2022, the company recorded total emissions of about 5,057,000 kg CO2e, with Scope 1 emissions at 769,000 kg CO2e and Scope 2 emissions at 4,288,000 kg CO2e. The data indicates a significant increase in emissions from 2022 to 2023, highlighting the need for ongoing evaluation of their climate impact. Genworth's emissions data from previous years shows a trend of fluctuating emissions, with 2021 reporting a total of approximately 6,271,000 kg CO2e, including 592,000 kg CO2e from Scope 1 and 5,679,000 kg CO2e from Scope 2. The company has not set specific science-based targets for emissions reduction, nor have they made public commitments to climate pledges. Overall, while Genworth Financial has provided detailed emissions data, the absence of defined reduction targets suggests an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 532,460 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,775,370 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,030,180 | 00,000,000 | - | - |
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.
Genworth Financial is not committed to any reduction initiatives 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.
