StanCorp Financial Group, Inc. Sustainability Profile
StanCorp Financial Group, Inc., commonly referred to as StanCorp, is a prominent player in the financial services industry, headquartered in the United States. Founded in 1906, the company has established a strong presence across various operational regions, focusing primarily on employee benefits, insurance, and investment solutions. StanCorp is renowned for its core offerings, which include group life and disability insurance, as well as retirement plans. What sets StanCorp apart is its commitment to providing tailored solutions that meet the unique needs of businesses and their employees. Over the years, the company has achieved significant milestones, solidifying its market position as a trusted provider in the financial sector. With a reputation for reliability and innovation, StanCorp continues to be a key player in shaping the future of employee benefits and financial security.
DitchCarbon Score
How does StanCorp Financial Group, Inc.'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
StanCorp Financial Group, Inc.'s score of 21 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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StanCorp Financial Group, Inc.'s reported carbon emissions
In 2024, StanCorp Financial Group, Inc. reported total carbon emissions of approximately 1,222,000 kg CO2e, comprising 1,196,000 kg CO2e from Scope 1 and 26,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. This represents a decrease from the previous year's total emissions of approximately 1,362,000 kg CO2e, which included 1,318,000 kg CO2e from Scope 1 and 44,000 kg CO2e from Scope 2. Despite these figures, StanCorp has not set any specific reduction targets or initiatives as part of their climate commitments. The emissions data is cascaded from their parent company, Meiji Yasuda Life Insurance Company, indicating a corporate family relationship that influences their reporting and performance metrics. Overall, while StanCorp Financial Group, Inc. has made strides in emissions reporting, the absence of defined reduction targets highlights an area for potential improvement in their climate strategy.
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| 2021 | |
|---|---|
| Scope 1 | 1,403,800 |
| Scope 2 | 1,908,600 |
| Scope 3 | - |
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StanCorp Financial Group, Inc.'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.
StanCorp Financial Group, Inc. 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.
