Power Financial Corporation Sustainability Profile
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 46 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Power Financial Corporation, headquartered in Canada, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Power Corporation of Canada, which may influence its climate commitments and reporting practices. While Power Financial Corporation has not established its own reduction targets or climate pledges, it is important to note that it inherits data and initiatives from its parent company. Power Corporation of Canada has been active in climate-related initiatives, including participation in the Carbon Disclosure Project (CDP) at a cascade level of 1. This involvement suggests a commitment to transparency and accountability in environmental performance, although specific emissions figures and reduction targets for Power Financial Corporation are not available. As a subsidiary, Power Financial Corporation may align its climate strategies with those of Power Corporation of Canada, which could include broader corporate sustainability goals and initiatives. However, without specific data or commitments from Power Financial Corporation itself, the details of its climate impact and strategies remain unclear.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,994,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,455,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 69,367,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Power Financial Corporation's Industry?
How Carbon Intensive is Power Financial Corporation's Location?
Power Financial Corporation's Scope 3 Categories Breakdown
Power Financial Corporation's Scope 3 emissions, which increased by 4% last year and increased by approximately 1% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 75% of Scope 3 emissions.
Top Scope 3 Categories
Power Financial Corporation'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.
Power Financial Corporation 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.
