Reliance Standard Life Insurance Company Sustainability Profile
Reliance Standard Life Insurance Company, often referred to as Reliance Standard, is a prominent player in the US insurance industry, headquartered in Philadelphia, Pennsylvania. Founded in 1907, the company has established itself as a trusted provider of life and disability insurance solutions, catering to both individuals and businesses across the nation. With a focus on group benefits, Reliance Standard offers a range of core products, including life insurance, disability income insurance, and accident insurance. What sets them apart is their commitment to customer service and innovative solutions tailored to meet the diverse needs of their clients. Over the years, Reliance Standard has achieved significant milestones, solidifying its market position as a reliable choice for comprehensive insurance coverage.
DitchCarbon Score
How does Reliance Standard Life Insurance Company'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
Reliance Standard Life Insurance Company's score of 83 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Reliance Standard Life Insurance Company, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Tokio Marine Holdings, Inc., which means any climate commitments or emissions data would be inherited from this parent organisation. As of now, there are no documented reduction targets or climate pledges specific to Reliance Standard Life Insurance Company. However, it is important to note that the climate initiatives and performance metrics may be influenced by the broader sustainability strategies of Tokio Marine Holdings, Inc., from which the company cascades its climate commitments. In the context of the insurance industry, companies are increasingly focusing on reducing their carbon footprints and enhancing their sustainability practices. Reliance Standard Life Insurance Company may align with these industry trends through its association with Tokio Marine Holdings, which is known for its commitment to environmental sustainability. For the latest and most accurate information regarding their climate commitments and emissions, stakeholders are encouraged to monitor updates from Tokio Marine Holdings, Inc.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 17,231,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 52,147,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 4,314,000 | 0,000,000 | 0,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Reliance Standard Life Insurance Company's Industry?
How Carbon Intensive is Reliance Standard Life Insurance Company's Location?
Reliance Standard Life Insurance Company's Scope 3 Categories Breakdown
Reliance Standard Life Insurance Company's Scope 3 emissions, which increased by 7% last year and increased by approximately 538% since 2010, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 39% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 34% of Scope 3 emissions.
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Reliance Standard Life Insurance Company'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.
Reliance Standard Life Insurance Company has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
