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 35 is higher than 87% 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 42,894,000 kg CO2e, comprising 769,000 kg CO2e from Scope 1, 4,288,000 kg CO2e from Scope 2, and 37,294,000 kg CO2e from Scope 3 emissions. This reflects a significant reliance on indirect emissions, particularly from purchased goods and services. Over the years, Genworth has shown fluctuations in its emissions profile. For instance, in 2021, the company recorded total emissions of about 70,045,000 kg CO2e, indicating a potential reduction in emissions by 2023. However, specific reduction targets or initiatives have not been disclosed, and there are no documented commitments to the Science Based Targets initiative (SBTi) or other climate pledges. Genworth's emissions data highlights the importance of addressing both direct and indirect emissions in their climate strategy. As a financial services provider headquartered in the US, the company is positioned to influence sustainable practices within its operational and supply chain activities.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 2 | - | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 2,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 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.
