Power Financial Corporation
Power Financial Corporation, headquartered in California, is a prominent player in the financial services industry, specialising in investment management and financial planning. Founded in 1995, the company has established itself as a trusted partner for individuals and businesses seeking tailored financial solutions across major operational regions in the United States. With a diverse portfolio of core services, including wealth management, retirement planning, and asset allocation, Power Financial Corporation distinguishes itself through its client-centric approach and innovative strategies. The firm has achieved significant milestones, positioning itself as a leader in the market, recognised for its commitment to excellence and customer satisfaction. As a result, Power Financial Corporation continues to empower clients to achieve their financial goals with confidence.
DitchCarbon Score
How does Power Financial Corporation'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
Power Financial Corporation's score of 23 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Power Financial Corporation's reported carbon emissions
Power Financial Corporation, headquartered in California, has reported its carbon emissions data for the years 2019 to 2021. In 2019, the company emitted approximately 55,000,000 kg CO2e, with emissions distributed across Scope 1 (2,313,000 kg CO2e), Scope 2 (5,000 kg CO2e), and Scope 3 (52,846,000 kg CO2e). The following year, 2020, saw a significant increase in Scope 1 emissions, reaching about 72,478,100 kg CO2e, while Scope 2 emissions remained low at 2,000 kg CO2e, and Scope 3 emissions were approximately 46,619,000 kg CO2e. In 2021, Scope 1 emissions surged to around 34,241,835,000 kg CO2e, with Scope 2 emissions at 4,000 kg CO2e and Scope 3 emissions slightly decreasing to about 46,536,000 kg CO2e. Despite these figures, Power Financial Corporation has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented climate pledges or reduction strategies suggests that the company may be in the early stages of developing a comprehensive climate commitment framework. As the industry increasingly prioritises sustainability, Power Financial Corporation's future climate strategies will be crucial in aligning with global climate goals.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 2,313,000 | 000,000,000 | 00,000,000,000 |
| Scope 2 | 5,000 | 0,000 | 0,000 |
| Scope 3 | 52,846,000 | 00,000,000 | 00,000,000 |
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.
Power Financial Corporation 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.
