Symetra Financial Corporation Sustainability Profile
Symetra Financial Corporation, commonly referred to as Symetra, is a prominent player in the financial services industry, headquartered in the United States. Founded in 1957, the company has established itself as a leader in providing innovative insurance and financial products, including life insurance, annuities, and employee benefits. With a strong presence across various regions in the US, Symetra is recognised for its commitment to customer service and financial strength. The company’s unique offerings, such as its flexible annuity products and comprehensive group benefits, cater to a diverse clientele, setting it apart in a competitive market. Notable achievements include consistent ratings from major credit agencies, reflecting its robust financial position. As Symetra continues to evolve, it remains dedicated to helping individuals and businesses secure their financial futures.
DitchCarbon Score
How does Symetra 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
Symetra Financial Corporation's score of 49 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Symetra Financial Corporation, headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Sumitomo Life Insurance Company, which may influence its climate-related initiatives and reporting. While Symetra has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi), it is important to note that its climate strategy may be informed by the broader sustainability efforts of its parent company. The emissions data and performance metrics are cascaded from Sumitomo Life Insurance Company, which operates at a higher corporate level. As of now, Symetra's climate commitments and reduction initiatives remain unspecified, reflecting a potential area for future development in their environmental strategy. The company is positioned within an industry increasingly focused on sustainability, and it may benefit from aligning its practices with established climate frameworks and targets.
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| 2013 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,198,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 44,916,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Symetra Financial Corporation's Industry?
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Symetra Financial Corporation's Scope 3 Categories Breakdown
Symetra Financial Corporation's Scope 3 emissions, which decreased by 0% last year and decreased by approximately 50% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 66% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 47% of Scope 3 emissions.
Top Scope 3 Categories
Symetra 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.
Symetra 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.
