IA Financial, also known as Industrial Alliance Insurance and Financial Services Inc., is a prominent player in the insurance and pension funding sector, headquartered in California. Established in 1892, the company has a long-standing history of providing comprehensive insurance solutions and retirement services across North America. Its core offerings include life insurance, health insurance, and pension funding services, distinguished by innovative product design and customer-centric approaches.
With a strong presence in both Canada and the United States, IA Financial has built a reputation for stability and reliability within the industry. The company’s notable achievements include a solid market position and a commitment to delivering tailored financial security solutions. As a leader in the insurance and pension funding services industry, IA Financial continues to evolve, prioritising client needs and industry excellence.
+18 vs industry average
Ia Financial’s score of 57 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ia Financial's reported carbon emissions
IA Financial: Carbon Emissions and Climate Commitments (2019-2025)
Based in Canada, IA Financial, a leader in Insurance and pension funding services, is actively reporting its greenhouse gas (GHG) emissions across Scope 1, 2, and 3.
Recent Emissions Data:
- 2025: IA Financial reported a total of approximately 1,014,395,000 kg CO2e. This comprised Scope 1 emissions of about 6,204,000 kg CO2e, Scope 2 emissions of approximately 2,652,000 kg CO2e, and a substantial Scope 3 footprint of about 1,005,539,000 kg CO2e. Key contributors to Scope 3 included investments (around 992,725,000 kg CO2e) and business travel (approximately 6,075,000 kg CO2e).
- 2024: Total emissions for 2024 were approximately 1,016,936,000 kg CO2e, with Scope 3 emissions being the largest component at roughly 1,006,657,000 kg CO2e. Scope 1 emissions were about 6,757,000 kg CO2e and Scope 2 were approximately 3,279,000 kg CO2e.
- 2023: IA Financial reported total emissions of approximately 407,838,000 kg CO2e. Scope 1 emissions were about 7,484,000 kg CO2e, and Scope 2 emissions (location-based) were approximately 3,171,000 kg CO2e. Scope 3 emissions totalled around 397,183,000 kg CO2e, with investments accounting for a significant portion at approximately 389,617,000 kg CO2e.
- 2022: Total emissions were approximately 482,755,000 kg CO2e, with Scope 1 emissions at about 7,649,000 kg CO2e and Scope 2 at approximately 3,376,000 kg CO2e. Scope 3 emissions were a substantial 471,730,000 kg CO2e, largely driven by investments (approximately 466,214,000 kg CO2e).
- 2021: Total emissions were reported as approximately 1,000,000 kg CO2e, with Scope 1 emissions of about 10,592,000 kg CO2e and Scope 2 emissions of approximately 3,757,000 kg CO2e. Scope 3 emissions amounted to about 552,000 kg CO2e.
- 2020: Total emissions were approximately 1,000,000 kg CO2e, comprising Scope 1 emissions of about 4,196,000 kg CO2e and Scope 2 emissions of approximately 2,219,000 kg CO2e. Scope 3 emissions were about 1,420,000 kg CO2e.
- 2019: Total emissions were approximately 11,275,000 kg CO2e, with Scope 1 emissions at about 4,322,000 kg CO2e and Scope 2 emissions of approximately 68,000 kg CO2e. Scope 3 emissions totalled around 4,973,000 kg CO2e.
Climate Commitments and Initiatives:
IA Financial is committed to addressing climate change. While specific reduction targets and participation in initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge are not detailed in the provided data, the company consistently reports emissions across all scopes, indicating a focus on understanding and managing its environmental impact. Its reporting includes various Scope 3 categories, such as investments, business travel, and employee commutes, demonstrating a comprehensive approach to its carbon footprint. The company has also disclosed intensity figures for its real estate holdings and public corporate bond portfolio, suggesting a strategic effort to integrate climate considerations into its operations and investment strategies.
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Ia Financial’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Ia Financial yet.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Ia Financial
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