Intact Financial Sustainability Profile
Intact Financial Corporation, commonly known as Intact, is a leading provider of property and casualty insurance in Canada. Headquartered in Toronto, Ontario, the company operates extensively across the country, serving both personal and commercial clients. Founded in 1800, Intact has achieved significant milestones, including the acquisition of various insurance firms, which has solidified its position as a market leader. Intact offers a diverse range of insurance products, including auto, home, and business insurance, distinguished by their customer-centric approach and innovative solutions. The company is recognised for its strong financial performance and commitment to sustainability, making it a trusted choice for millions of Canadians. With a robust market presence, Intact continues to set industry standards while adapting to the evolving needs of its clients.
DitchCarbon Score
How does Intact 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
Intact Financial's score of 37 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Intact Financial's reported carbon emissions
In 2023, Intact Financial reported total carbon emissions of approximately 38.6 million kg CO2e. This total comprises Scope 1 emissions of about 17.9 million kg CO2e, Scope 2 emissions of approximately 8.4 million kg CO2e (market-based), and Scope 3 emissions of around 12.4 million kg CO2e, with business travel contributing about 11.9 million kg CO2e. Comparatively, in 2022, the company recorded total emissions of approximately 34.1 million kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at about 17.4 million kg CO2e, Scope 2 emissions at approximately 7.9 million kg CO2e (market-based), and Scope 3 emissions at around 8.8 million kg CO2e. Despite the increase in emissions, Intact Financial has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company’s emissions data is sourced directly from Intact Financial Corporation, with no cascaded data from a parent or related organization. Overall, Intact Financial's emissions reflect its operational footprint, and while the company has not set formal reduction targets, it continues to monitor and report its carbon emissions as part of its corporate responsibility efforts.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,685,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,995,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,230,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Intact Financial's Industry?
How Carbon Intensive is Intact Financial's Location?
Intact Financial's Scope 3 Categories Breakdown
Intact Financial's Scope 3 emissions, which increased by 40% last year and increased by approximately 457% since 2016, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 96% of Scope 3 emissions.
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Intact 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.
Intact 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.
