Lincoln Financial Group Sustainability Profile
Lincoln Financial Group, headquartered in the United States, is a prominent player in the financial services industry, specialising in insurance, retirement solutions, and investment management. Founded in 1905, the company has established a strong presence across various operational regions, providing innovative financial products and services to individuals and businesses alike. With a diverse portfolio that includes life insurance, annuities, and employee benefits, Lincoln Financial Group distinguishes itself through its commitment to customer-centric solutions and financial wellness. The company has achieved significant milestones, including recognition for its robust financial strength and stability, positioning it as a trusted partner in the market. As a leader in the financial services sector, Lincoln Financial Group continues to evolve, adapting to the changing needs of its clients while maintaining a focus on integrity and excellence.
DitchCarbon Score
How does Lincoln Financial Group'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 Financial Intermediation 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
Lincoln Financial Group's score of 26 is lower 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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Lincoln Financial Group's reported carbon emissions
In 2022, Lincoln Financial Group reported total carbon emissions of approximately 107,716,000 kg CO2e. This figure includes Scope 1 emissions of about 3,478,000 kg CO2e, Scope 2 emissions of approximately 5,465,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 98,773,000 kg CO2e. Comparatively, in 2021, the company’s total emissions were about 26,767,000 kg CO2e, with Scope 1 at 1,911,000 kg CO2e, Scope 2 at 6,779,000 kg CO2e, and Scope 3 at 18,077,000 kg CO2e. This indicates a substantial increase in emissions from 2021 to 2022. Lincoln Financial Group's emissions data is cascaded from its parent company, Liberty Financial Group Limited, reflecting a corporate family relationship. However, there are currently no specific reduction targets or climate pledges disclosed by Lincoln Financial Group, nor are there any initiatives reported under the Science Based Targets initiative (SBTi) or other climate frameworks. The company continues to operate within the financial services sector, which is increasingly scrutinised for its environmental impact, particularly regarding Scope 3 emissions, which often represent the largest share of total emissions for financial institutions.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,666,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,155,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 28,081,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Lincoln Financial Group's Industry?
How Carbon Intensive is Lincoln Financial Group's Location?
Lincoln Financial Group'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.
Lincoln Financial Group 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.
