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Pacific Life
Pacific Life Insurance Company, commonly known as Pacific Life, is a prominent player in the insurance and financial services industry, headquartered in the United States. Founded in 1868, the company has established a strong presence across major operational regions, including the West Coast and beyond, offering a diverse range of products and services. Specialising in life insurance, annuities, and investment products, Pacific Life is recognised for its commitment to customer service and innovative solutions tailored to meet individual financial needs. The company has achieved significant milestones, including a robust financial rating, which underscores its stability and reliability in the market. With a focus on long-term financial security, Pacific Life continues to be a trusted choice for individuals and businesses alike, solidifying its position as a leader in the insurance sector.
DitchCarbon Score
How does Pacific 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 Financial Intermediation 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
Pacific Life's score of 37 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pacific Life's reported carbon emissions
In 2023, Pacific Life reported total carbon emissions of approximately 3,828,500 kg CO2e, comprising 782,800 kg CO2e from Scope 1 and 3,045,700 kg CO2e from Scope 2 emissions. This marks a reduction from 2022, where total emissions were about 6,955,600 kg CO2e, with Scope 1 at 883,300 kg CO2e and Scope 2 at 6,072,300 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 30% from 2019 levels by 2030, and to achieve near-zero Scope 1 and Scope 2 emissions by the middle of this decade. The emissions data is cascaded from its parent company, Pacific Life Insurance Company, reflecting a commitment to transparency and accountability in its climate strategy. The company is on track to meet its near-term reduction targets, which include a 30% reduction in Scope 2 emissions from 2019 levels by 2030. Overall, Pacific Life's proactive approach to managing its carbon footprint demonstrates a commitment to sustainability and aligns with industry standards for climate action.
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| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,002,200 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 8,455,700 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
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.
Pacific 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.
