Great West Lifeco
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 54 is higher than 76% 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 2023, Great West Lifeco reported total carbon emissions of approximately 24,000,000 kg CO2e, comprising 7,499,710 kg CO2e from Scope 1, 11,022,880 kg CO2e from market-based Scope 2, and significant Scope 3 emissions of 145,500,000 kg CO2e from purchased goods and services. This represents a notable increase in Scope 1 emissions compared to 2022, where they were 8,861,150 kg CO2e, and a decrease in Scope 2 emissions from 12,007,000 kg CO2e. The company 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, Great West Lifeco achieved a 35% reduction in Scope 1 and 2 emissions by 2015, specifically for its Canadian corporate head office properties, excluding certain categories such as investment properties and corporate jets. Great West Lifeco's emissions data is sourced directly from its own reporting, with no cascaded data from parent organizations. The company is committed to transparency in its climate initiatives, aligning with industry standards and best practices.
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| 2007 | 2013 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Scope 3 | - | 00,000,000 | - | 0,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 000,000,000 |
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.
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.
