Lincoln National

Lincoln National's reported carbon emissions

Lincoln National's climate commitments and emissions data demonstrate a focus on reducing its environmental impact within the insurance and pension funding services industry. For the reporting year 2024, Lincoln National reported a total of approximately 105.2 million kg CO2e. This figure is comprised of Scope 1 emissions totalling about 2.1 million kg CO2e, Scope 2 emissions at approximately 4.7 million kg CO2e, and Scope 3 emissions amounting to about 98.3 million kg CO2e. In 2023, the company's total emissions were approximately 114.8 million kg CO2e, with Scope 1 at 2.9 million kg CO2e, Scope 2 at 5.2 million kg CO2e, and Scope 3 at 106.8 million kg CO2e. Earlier reporting shows that in 2022, total emissions were approximately 107.2 million kg CO2e, with Scope 1 at 3.5 million kg CO2e, Scope 2 at 5.5 million kg CO2e, and Scope 3 at 98.8 million kg CO2e. In 2021, total emissions were around 26.7 million kg CO2e, comprising 1.9 million kg CO2e for Scope 1, 6.8 million kg CO2e for Scope 2, and 18.1 million kg CO2e for Scope 3. Lincoln National has achieved specific reduction targets. For instance, it surpassed its 2020 target by achieving a 27.42% reduction in greenhouse gas emissions intensity per employee from purchased electricity (Scope 2) against a 2014 baseline. Furthermore, 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. The company's emissions data is not cascaded from a parent organisation, and it reports its own performance.