Ia Financial Sustainability Profile
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 46 is higher than 64% 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 407.8 million kg CO2e. This figure includes Scope 1 emissions of about 7.5 million kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 3.2 million kg CO2e, all from purchased electricity. The majority of their emissions, approximately 397.2 million kg CO2e, fall under Scope 3, with significant contributions from investments and business travel. Comparatively, in 2022, the total emissions were about 482.8 million kg CO2e, indicating a reduction in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at approximately 7.6 million kg CO2e, Scope 2 emissions at about 3.4 million kg CO2e, and Scope 3 emissions at around 471.7 million kg CO2e. iA Financial has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. However, they are actively engaged in sustainability reporting and have disclosed their emissions data through the Carbon Disclosure Project (CDP). The emissions data is not cascaded from a parent company, indicating that it is independently reported by iA Financial Corporation Inc. Overall, iA Financial is committed to transparency in its climate impact, with a focus on reducing its carbon footprint across all scopes of emissions.
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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 | - | - |
| 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 |
How Carbon Intensive is Ia Financial's Industry?
How Carbon Intensive is Ia Financial's Location?
Ia Financial's Scope 3 Categories Breakdown
Ia Financial's Scope 3 emissions, which decreased by 16% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 98% of Scope 3 emissions.
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Ia Financial'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.
Ia Financial 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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