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 63% 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 year-on-year. The 2022 data showed Scope 1 emissions of approximately 7,214,000 kg CO2e and Scope 2 emissions of around 3,376,000 kg CO2e, with Scope 3 emissions at about 471,730,000 kg CO2e. Despite these figures, iA Financial has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. The company is committed to transparency in its emissions reporting, as evidenced by its disclosures to the Carbon Disclosure Project (CDP) and other sustainability reports. Overall, iA Financial's emissions data reflects a significant commitment to monitoring and reporting its carbon footprint, although further initiatives and targets for emissions reduction would enhance its climate strategy.
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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 |
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.
