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 33 is higher than 86% 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 39,360,000 kg CO2e, comprising 10,545,000 kg CO2e from Scope 1, 94,228,000 kg CO2e from Scope 2, and 39,360,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from business travel (10,194,000 kg CO2e) and downstream leased assets (15,002,000 kg CO2e). The company has shown a notable reduction in emissions over the years. For instance, in 2022, total emissions were about 30,180,000 kg CO2e, indicating a substantial increase in 2023. However, from 2020 to 2021, New York Life achieved a significant reduction in Scope 1 emissions, decreasing from 18,394,000 kg CO2e to 5,080,000 kg CO2e. Despite these fluctuations, New York Life has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to monitor and report its emissions across all three scopes, aligning with industry standards for transparency in climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,072,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 | 0,000,000,000 |
| Scope 2 | 95,548,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 | 0,000,000,000 |
| Scope 3 | 28,431,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
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.
