Lincoln National

Lincoln National's Carbon Emissions & Climate Commitments

Lincoln National, a US-headquartered company in the insurance and pension funding services industry, has reported its carbon emissions and set climate reduction targets.

In 2024, Lincoln National's total Scope 1 emissions were approximately 2,137,000 kg CO2e, with Scope 2 market-based emissions reaching about 4,673,000 kg CO2e, and Scope 3 emissions at around 98,276,000 kg CO2e. This data indicates a slight decrease in Scope 1 emissions from 2,853,000 kg CO2e in 2023 and a reduction in Scope 2 market-based emissions from 5,181,000 kg CO2e in the same year. Scope 3 emissions also saw a decrease from 106,820,000 kg CO2e in 2023.

The company has set several climate commitments:

• Scope 2 Intensity Reduction: Lincoln National achieved a 27.42% reduction in greenhouse gas emissions intensity per employee from purchased electricity (Scope 2) against a 2014 baseline, surpassing its 2020 target of 20%.
• Electricity Consumption Reduction: The company reduced electricity consumption by 10.90% at its Omaha, NE location, exceeding its goal of an 8% reduction by 2022 compared to a 2014 baseline.
• Long-Term Net-Zero Target: Lincoln National has a science-based target to reach net-zero emissions across all scopes by 2040, validated by the SBTi. This target aims for a 99% reduction from the 2018 baseline.
• Scope 3 Reduction: A near-term absolute target for Scope 3 emissions (excluding category 11, 'Use of sold products') aims for a 67% reduction by 2030 against a 2018 baseline.

The disclosed emissions data encompasses Scope 1, Scope 2, and Scope 3, with the Scope 3 category of "purchased goods and services" being a reported missing data point for all years. All emissions data and reduction targets are directly reported by Lincoln National Corporation.