New York Life
New York Life Insurance Company, commonly referred to as New York Life, is a leading mutual life insurance company headquartered in New York City, US. Founded in 1845, it has established itself as a cornerstone of the insurance industry, providing a range of financial products and services, including life insurance, retirement planning, and investment solutions. With a strong presence across the United States, New York Life is renowned for its commitment to policyholders and its financial strength, consistently earning high ratings from independent agencies. The company’s unique approach combines personalised service with innovative products, ensuring clients receive tailored solutions to meet their financial goals. As one of the largest life insurers in the US, New York Life continues to achieve notable milestones, reinforcing its position as a trusted partner in financial security.
DitchCarbon Score
How does New York Life'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
New York Life's score of 30 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
New York Life's reported carbon emissions
In 2023, New York Life reported total carbon emissions of approximately 10545000 kg CO2e for Scope 1, 94228000 kg CO2e for Scope 2, and 39360000 kg CO2e for Scope 3. This indicates a significant reliance on indirect emissions, particularly in Scope 2, which encompasses energy-related emissions. In 2022, the company’s emissions were approximately 800000 kg CO2e for Scope 1, 780000 kg CO2e for Scope 2, and 30180000 kg CO2e for Scope 3. Notably, the Scope 3 emissions included 6500000 kg CO2e from business travel and 17308000 kg CO2e from downstream leased assets. Over the years, New York Life has shown fluctuations in its emissions, with a peak in Scope 2 emissions in 2020 at approximately 94987000 kg CO2e. However, there are no specific reduction targets or initiatives disclosed in their reports, indicating a potential area for improvement in their climate commitments. Overall, New York Life's emissions data reflects a complex landscape of carbon output, with a significant portion stemming from indirect sources, underscoring the importance of comprehensive strategies to address climate impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,072,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 |
| Scope 2 | 95,548,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 |
| Scope 3 | 28,431,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
New York Life is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
