New York Life

New York Life's reported carbon emissions

In 2024, New York Life reported total carbon emissions of approximately 157,000,000 kg CO2e, comprising 9,570,000 kg CO2e from Scope 1, 75,388,000 kg CO2e from Scope 2, and 57,931,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their environmental impact, with emissions data disclosed across all three scopes. The company has set ambitious reduction targets, aiming to decrease its operational Scope 1 and 2 emissions by 30% by 2030, using a 2019 baseline. This commitment is part of a broader strategy to achieve net-zero greenhouse gas emissions by 2050, which includes engaging with investee companies to accelerate this timeline where feasible. In previous years, New York Life's emissions have shown fluctuations, with 2023 emissions recorded at approximately 139,000,000 kg CO2e and 2022 at about 118,000,000 kg CO2e. The company continues to focus on reducing its carbon footprint while addressing the challenges posed by Scope 3 emissions, which include significant contributions from business travel and downstream leased assets. New York Life's climate commitments are not only aligned with industry standards but also reflect a proactive approach to sustainability, ensuring that they remain accountable in their efforts to mitigate climate change.