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 68 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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. In 2023, emissions were slightly lower, with Scope 1 at 7,500,000 kg CO2e, Scope 2 at 13,985,000 kg CO2e (market-based), and Scope 3 emissions including 14,550,000 kg CO2e from purchased goods and services. Great West Lifeco has set a long-term net zero target for greenhouse gas (GHG) emissions by 2050, specifically for financed emissions in its General Account. Interim targets are currently under development. The company achieved a 35% reduction in Scope 1 and 2 emissions by 2015, focusing on its Canadian corporate head office properties, excluding certain emissions sources such as corporate jets and refrigerants. Overall, Great West Lifeco is committed to reducing its carbon footprint and aligning its strategies with science-based targets, although specific interim targets are still being finalised. The emissions data is sourced directly from Great-West Lifeco Inc. and reflects their ongoing commitment to sustainability and climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | - | 00,000,000 | - | - | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Great West Lifeco's Industry?
How Carbon Intensive is Great West Lifeco's Location?
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 785% since 2013, 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.
Top Scope 3 Categories
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.
