Great West Lifeco Sustainability Profile
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.
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
Great West Lifeco's score of 74 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Great West Lifeco's reported carbon emissions
In 2024, Great West Lifeco reported total carbon emissions of approximately 61,000,000 kg CO2e, comprising 5,876,000 kg CO2e from Scope 1, 9,848,000 kg CO2e from Scope 2 (market-based), and significant contributions from Scope 3 emissions, including 148,700,000 kg CO2e from purchased goods and services. In 2023, the total emissions were approximately 64,000,000 kg CO2e, with Scope 1 emissions at 7,500,000 kg CO2e and Scope 2 emissions at 13,985,000 kg CO2e (location-based). Great West Lifeco has set ambitious climate commitments, aiming for a 90% reduction in Scope 1, 2, and 3 greenhouse gas emissions by 2050, validated by the Science Based Targets initiative (SBTi). This long-term target reflects their commitment to achieving net-zero emissions across all scopes. Notably, they achieved a 35% reduction in emissions from their Canadian corporate head office properties by 2015, excluding certain categories such as investment properties and corporate jets. The company continues to develop interim targets aligned with scientific recommendations, demonstrating a proactive approach to climate action and sustainability.
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| 2007 | 2013 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - | - | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Great West Lifeco's Industry?
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Great West Lifeco's Scope 3 Categories Breakdown
Great West Lifeco's Scope 3 emissions, which increased by 5% last year and increased by approximately 39% since 2017, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 92% of Scope 3 emissions.
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Great West Lifeco's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Great West Lifeco has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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