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 54% 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 Corporation reported total carbon emissions of approximately 38,644,000 kg CO2e. This figure includes 17,865,000 kg CO2e from Scope 1 emissions, 8,363,000 kg CO2e from Scope 2 emissions (market-based), and 12,415,000 kg CO2e from Scope 3 emissions, with business travel contributing 11,962,000 kg CO2e. Comparatively, in 2022, the total emissions were about 34,145,000 kg CO2e, indicating a rise in emissions year-on-year. The breakdown for 2022 shows 17,380,000 kg CO2e from Scope 1, 7,928,000 kg CO2e from Scope 2 (market-based), and 8,838,000 kg CO2e from Scope 3, primarily from business travel at 8,353,000 kg CO2e. Intact Financial has not set specific reduction targets or initiatives as per the latest data, and there are no climate pledges reported. The emissions data is sourced directly from Intact Financial Corporation, with no cascading from a parent or related organization. Overall, the company has disclosed emissions across all three scopes, reflecting a comprehensive approach to carbon accounting, although further commitments to reduction strategies would enhance their climate action profile.
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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.
