New York Life Sustainability Profile
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 46 is higher than 64% 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 144.1 million kg CO2e. This figure includes Scope 1 emissions of about 10.5 million kg CO2e, Scope 2 emissions of approximately 94.2 million kg CO2e, and Scope 3 emissions of around 39.4 million kg CO2e. The company has set ambitious climate commitments, aiming to reduce its operational Scope 1 and 2 emissions by 30% by 2030, using a 2019 baseline. This commitment was reiterated in their 2022 Corporate Responsibility Report. Additionally, New York Life supports a long-term goal of achieving net-zero greenhouse gas emissions by 2050, with a focus on engaging with investee companies to expedite this timeline. These initiatives reflect New York Life's dedication to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and environmental responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,072,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 95,548,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 28,431,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is New York Life's Industry?
How Carbon Intensive is New York Life's Location?
New York Life's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
New York Life has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
