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 32 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New York Life's reported carbon emissions
In 2023, New York Life reported total carbon emissions of approximately 105,450,000 kg CO2e for Scope 1, 94,228,000 kg CO2e for Scope 2, and 39,360,000 kg CO2e for Scope 3 emissions. Notably, the Scope 3 emissions included significant contributions from business travel (about 10,194,000 kg CO2e) and downstream leased assets (approximately 15,002,000 kg CO2e). In 2022, the company recorded emissions of about 800,000 kg CO2e for Scope 1, 780,000 kg CO2e for Scope 2, and 30,180,000 kg CO2e for Scope 3. This indicates a substantial reliance on Scope 3 emissions, which encompass indirect emissions from sources not owned or controlled by the company. Over the years, New York Life has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company continues to monitor and report its emissions across all three scopes, aligning with industry standards for climate accountability.
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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 participating in any of the initiatives that 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.
