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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 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 407,838,000 kg CO2e. This figure includes emissions from all three scopes: Scope 1 emissions totalled about 6,897,000 kg CO2e, primarily from stationary combustion (about 6,697,000 kg CO2e) and mobile combustion (about 217,000 kg CO2e). Scope 2 emissions, resulting from purchased electricity, accounted for approximately 3,171,000 kg CO2e. The most significant contributor to their carbon footprint was Scope 3 emissions, which reached about 397,183,000 kg CO2e, with investments alone contributing approximately 389,617,000 kg CO2e. In comparison, the previous year, 2022, saw total emissions of about 482,755,000 kg CO2e, indicating a reduction in emissions in 2023. The breakdown for 2022 included Scope 1 emissions of approximately 7,214,000 kg CO2e, Scope 2 emissions of about 3,376,000 kg CO2e, and Scope 3 emissions of around 471,730,000 kg CO2e. iA Financial has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. 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 emissions across all scopes, demonstrating a commitment to transparency in its environmental impact, although further initiatives and targets would enhance its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,322,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 68,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,885,000 | 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.
