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Insurance Services
CA
updated 10 days ago

Great West Lifeco

Company website

Great-West Lifeco Inc., headquartered in Canada, is a prominent player in the financial services industry, specialising in life insurance, health insurance, and asset management. Founded in 1891, the company has established a strong presence across North America and Europe, with significant operations in Canada, the United States, and the United Kingdom. With a diverse portfolio of core products, including individual and group insurance plans, retirement solutions, and investment management services, Great-West Lifeco distinguishes itself through its commitment to customer-centric innovation and financial security. The company has achieved notable milestones, including strategic acquisitions that have bolstered its market position, making it one of the leading insurance and financial services providers in the region.

DitchCarbon Score

How does Great West Lifeco'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.

65

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.

32

Industry Benchmark

Great West Lifeco's score of 65 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

79%

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Great West Lifeco's reported carbon emissions

In 2024, Great West Lifeco reported total carbon emissions of approximately 58,760,000 kg CO2e for Scope 1, 9,848,000 kg CO2e for Scope 2 (market-based), and significant Scope 3 emissions, including 148,700,000 kg CO2e from purchased goods and services. The previous year, 2023, saw emissions of about 7,500,000 kg CO2e for Scope 1, 13,985,000 kg CO2e for Scope 2 (market-based), and 145,500,000 kg CO2e for purchased goods and services in Scope 3. Great West Lifeco has set a long-term net zero greenhouse gas (GHG) emissions target to be achieved by 2050 for its financed emissions in the General Account. Interim targets are currently under development. Notably, the company achieved a 35% reduction in Scope 1 and 2 emissions from 2007 to 2015, specifically for its Canadian corporate head office properties, excluding certain emissions sources. The organization has also committed to an 8% reduction in Scope 1 and 2 GHG emissions for its corporate head office and investment properties from 2013 to 2020. These targets reflect Great West Lifeco's commitment to addressing climate change and reducing its carbon footprint across all scopes of emissions.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20072013201520162017201920202021202220232024
Scope 1
10,483,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
24,693,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
0,000,000
Scope 3
-
00,000,000
-
-
000,000,000
000,000,000
00,000,000
000,000,000
-
000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Great West Lifeco's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Great West Lifeco is in CA, which has a low grid carbon intensity relative to other regions.

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.

Great West Lifeco is not participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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