Ia Financial

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.