Ia Financial
IA Financial Corporation, commonly known as IA Financial, is a prominent player in the Canadian financial services industry, headquartered in La Malbaie, Quebec. Founded in 1892, the company has established a strong presence across Canada, offering a diverse range of products and services, including life insurance, investment solutions, and retirement planning. IA Financial is recognised for its innovative approach to financial security, providing tailored solutions that meet the unique needs of its clients. With a commitment to excellence, the company has achieved significant milestones, including notable growth in assets under management and a strong market position among Canadian insurers. Its dedication to customer service and financial well-being sets IA Financial apart in a competitive landscape, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Ia Financial'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
Ia Financial's score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ia Financial's reported carbon emissions
In 2023, iA Financial Corporation reported total carbon emissions of approximately 407,838,000 kg CO2e. This figure includes Scope 1 emissions of about 6,697,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 3,171,000 kg CO2e from purchased electricity. The company also disclosed significant Scope 3 emissions, totalling around 397,183,000 kg CO2e, with the largest contributions from investments (about 389,617,000 kg CO2e) and business travel (approximately 6,041,000 kg CO2e). Comparatively, in 2022, iA Financial's total emissions were about 482,755,000 kg CO2e, indicating a reduction in emissions of approximately 74,917,000 kg CO2e year-on-year. The 2022 data showed Scope 1 emissions of about 7,214,000 kg CO2e and Scope 2 emissions of approximately 3,376,000 kg CO2e, alongside Scope 3 emissions of around 471,730,000 kg CO2e. Despite these reductions, iA Financial has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. The company’s emissions data is sourced directly from iA Financial Corporation Inc., with no cascaded data from a parent or related organization. Overall, iA Financial is actively monitoring its carbon footprint and has made strides in reducing emissions, although it currently lacks formalised reduction commitments.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 125,000 | 00,000 | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,938,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 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.
Ia Financial 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.
