Pacific Life Sustainability Profile
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 58% 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 significant 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. Pacific Life has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 30% from 2019 levels by 2030. Additionally, the company targets near-zero Scope 1 and Scope 2 emissions by the middle of this decade (2025). The 2019 baseline for Scope 1 emissions was approximately 1,002,200 kg CO2e, indicating a target reduction to about 701,540 kg CO2e by 2030. The emissions data is cascaded from its parent company, Pacific Life Insurance Company, reflecting the organisation's commitment to sustainability and 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 | - | - | - | - |
How Carbon Intensive is Pacific Life's Industry?
How Carbon Intensive is Pacific Life's Location?
Pacific 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.
Pacific 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.
