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New York Life Insurance Company, commonly referred to as New York Life, is a leading provider of insurance and pension funding services based in the United States. Headquartered in New York City, the company operates across various regions, serving individuals and businesses with a comprehensive range of financial products. Founded in 1845, New York Life has established a long-standing reputation for stability and reliability within the insurance industry.
Specialising in life insurance, retirement planning, and investment solutions, New York Life distinguishes itself through customised policies and a strong focus on customer service. Its notable market position is reinforced by consistent financial strength and numerous industry awards. As one of the largest mutual life insurers in the US, New York Life continues to be a trusted name in the insurance and pension funding sector.
62
DitchCarbon score
+23 vs industry average
New York Life’s score of 62 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
New York Life's reported carbon emissions
New York Life, an insurance and pension funding services provider, reported its market-based Scope 1 and 2 emissions as approximately 77.4 million kg CO2e in 2025. This includes about 9.48 million kg CO2e from Scope 1 and 67.9 million kg CO2e from Scope 2. Their Scope 3 emissions for 2025 were approximately 55.4 million kg CO2e, with significant contributions from downstream leased assets (approximately 27.1 million kg CO2e), employee commuting (approximately 10.7 million kg CO2e), and business travel (approximately 7.48 million kg CO2e).
For 2024, New York Life's market-based Scope 1 and 2 emissions were around 85.0 million kg CO2e, comprising approximately 9.57 million kg CO2e from Scope 1 and 75.4 million kg CO2e from Scope 2. Scope 3 emissions in 2024 were approximately 57.9 million kg CO2e. In 2023, the company's market-based Scope 1 and 2 emissions were about 104.8 million kg CO2e, with Scope 1 at approximately 10.5 million kg CO2e and Scope 2 at approximately 94.2 million kg CO2e. Scope 3 emissions for 2023 were around 39.4 million kg CO2e.
New York Life has committed to reducing its operational Scope 1 and 2 emissions by 30% by 2030, using a 2019 baseline. Furthermore, New York Life supports a commitment to achieve net-zero GHG emissions by 2050 for its total Scope 3 emissions, engaging with investee companies to accelerate this timeline where possible.
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New York Life’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
New York Life1 year ago
62
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