Great West Lifeco

Great-West Lifeco, a Canadian Direct Life Insurance Carrier, reported its 2024 emissions at approximately 166.4 million kg CO2e. This includes about 5.88 million kg CO2e from Scope 1 emissions, approximately 9.85 million kg CO2e from Scope 2 market-based emissions (or 11.89 million kg CO2e location-based), and roughly 150.88 million kg CO2e from Scope 3 emissions. Key Scope 3 categories included purchased goods and services (about 148.7 million kg CO2e), business travel (approximately 7.52 million kg CO2e), and upstream leased assets (roughly 2.62 million kg CO2e).

In 2023, Great-West Lifeco's Scope 1 emissions were about 7.55 million kg CO2e, and Scope 2 location-based emissions were approximately 13.24 million kg CO2e. In 2022, Scope 1 emissions were around 8.62 million kg CO2e, and Scope 2 location-based emissions were about 15.33 million kg CO2e.

Great-West Lifeco has set several climate commitments. The company aims to achieve net-zero greenhouse gas (GHG) emissions for its operations well before 2050 and for its financed emissions by 2050. These long-term net-zero targets encompass all scopes of emissions.

The company also has absolute reduction targets for its Scope 1 and 2 emissions from owner-occupied and investment properties in Canada. One target, set between 2013 and 2025, aimed for a 46.5% reduction. Another target, spanning 2013 to 2036, aimed for a 77.5% reduction. Additionally, a target set between 2007 and 2015 aimed for a 35% reduction in Scope 1 and 2 emissions from its Canadian corporate head office properties. An 8% reduction target for Scope 1 and 2 GHG emissions from its corporate head office and investment properties was also set for the period between 2013 and 2020. The emissions data and climate commitments are directly reported by Great-West Lifeco Inc.