Globe Life, officially known as Globe Life and Accident Insurance Company, is a prominent player in the insurance and pension funding services industry, headquartered in the United States. Founded in 1951, the company has established a strong presence across various regions, offering a range of life insurance products and services tailored to meet diverse customer needs.
Specialising in affordable life insurance solutions, Globe Life distinguishes itself with its straightforward application process and no medical exam requirement for many policies. This unique approach has contributed to its reputation as a trusted provider in the market. Over the years, Globe Life has achieved significant milestones, including a robust financial standing and a commitment to customer service excellence, solidifying its position as a leader in the insurance sector.
+14 vs industry average
Globe Life’s score of 51 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Globe Life's reported carbon emissions
Globe Life, headquartered in the US and operating within the insurance and pension funding services industry (66), has reported its carbon emissions for recent years. For 2024, the company's total reported emissions were approximately 44.77 million kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions amounted to about 1.46 million kg CO2e, while Scope 2 emissions, on a market-based approach, were approximately 5.35 million kg CO2e. Scope 3 emissions were significantly higher, totalling around 38.15 million kg CO2e, with purchased goods and services being the largest contributor within this scope. In 2023, Globe Life's total emissions were approximately 49.00 million kg CO2e. Scope 1 emissions were around 1.55 million kg CO2e, and Scope 2 emissions (market-based) were about 5.66 million kg CO2e. Scope 3 emissions for 2023 stood at approximately 41.78 million kg CO2e. Globe Life has established climate commitments, including aims to reduce Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2025). Furthermore, the company plans to reduce its Scope 1 and Scope 2 emissions by 30% from a 2022 baseline by 2030. Long-term aspirations include reducing Scope 1 and Scope 2 emissions to near zero by 2050.
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Globe Life’s Climate Goals (2030 & 2050)
6 goals2030
30% reduction in Scope 2
We plan to reduce our Scope 2 emissions by 30% from a 2022 baseline by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 6 climate goals
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Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Globe Life
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