Industrial Alliance Insurance and Financial Services Inc. Sustainability Profile
Industrial Alliance Insurance and Financial Services Inc., commonly known as Industrial Alliance, is a prominent player in the Canadian insurance and financial services industry. Headquartered in Quebec City, CA, the company has established a strong presence across major regions in Canada, offering a diverse range of products and services since its founding in 1892. Specialising in life and health insurance, investment solutions, and retirement plans, Industrial Alliance distinguishes itself through innovative offerings tailored to meet the evolving needs of its clients. The company has achieved significant milestones, including its expansion into the U.S. market and the introduction of cutting-edge digital tools for policy management. With a commitment to customer-centric service and a robust financial foundation, Industrial Alliance has earned a reputation as a trusted provider, consistently ranking among the top insurance firms in Canada.
DitchCarbon Score
How does Industrial Alliance Insurance and Financial Services Inc.'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
Industrial Alliance Insurance and Financial Services Inc.'s score of 42 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Industrial Alliance Insurance and Financial Services Inc., headquartered in Canada, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of iA Financial Corporation Inc., which may influence its climate commitments and performance metrics. As of now, there are no documented reduction targets or climate pledges from Industrial Alliance Insurance and Financial Services Inc. This lack of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of formalising its climate strategy. The absence of emissions data and reduction targets indicates a potential opportunity for the company to enhance its sustainability efforts and align with industry standards. As a subsidiary, it may benefit from the broader climate initiatives and strategies implemented by its parent company, iA Financial Corporation Inc., which could include participation in frameworks such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). In summary, while Industrial Alliance Insurance and Financial Services Inc. does not currently report specific emissions figures or reduction targets, its affiliation with iA Financial Corporation Inc. may provide a pathway for future climate commitments and improved sustainability practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 Industrial Alliance Insurance and Financial Services Inc.'s Industry?
How Carbon Intensive is Industrial Alliance Insurance and Financial Services Inc.'s Location?
Industrial Alliance Insurance and Financial Services Inc.'s Scope 3 Categories Breakdown
Industrial Alliance Insurance and Financial Services Inc.'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.
Top Scope 3 Categories
Industrial Alliance Insurance and Financial Services Inc.'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.
Industrial Alliance Insurance and Financial Services Inc. 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.
