The Variable Annuity Life Insurance Company Sustainability Profile
The Variable Annuity Life Insurance Company, commonly known as VALIC, is a prominent player in the financial services industry, headquartered in the United States. Founded in 1955, VALIC has established itself as a leader in providing retirement solutions, including variable annuities and life insurance products tailored for individuals and institutions. With a strong presence across major operational regions in the US, VALIC focuses on helping clients achieve financial security through innovative investment strategies and comprehensive insurance coverage. The company is recognised for its unique offerings, such as tax-deferred growth options and flexible withdrawal features, which cater to diverse financial needs. As a subsidiary of Corebridge Financial, VALIC has achieved significant milestones, positioning itself as a trusted partner in retirement planning and wealth management. Its commitment to customer service and financial education further solidifies its reputation in the market.
DitchCarbon Score
How does The Variable Annuity 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
The Variable Annuity Life Insurance Company's score of 25 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Variable Annuity Life Insurance Company, headquartered in the US, currently does not have specific carbon emissions data available for recent years. As a current subsidiary, it inherits its climate commitments and emissions data from its parent company, Corebridge Financial, Inc., at a cascade level of three. While there are no documented reduction targets or specific emissions figures, the company is aligned with the climate initiatives of its parent organisation. Corebridge Financial, Inc. has made commitments to address climate change, although specific details regarding these initiatives or targets have not been disclosed for The Variable Annuity Life Insurance Company. In the absence of direct emissions data, it is important to note that the company is part of a broader industry context that increasingly prioritises sustainability and carbon reduction. As such, The Variable Annuity Life Insurance Company is expected to adhere to the climate strategies and commitments set forth by its parent company, reflecting a growing trend in the financial services sector towards enhanced environmental responsibility.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 71,106,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 17,121,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 419,169,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is The Variable Annuity Life Insurance Company's Industry?
How Carbon Intensive is The Variable Annuity Life Insurance Company's Location?
The Variable Annuity Life Insurance Company's Scope 3 Categories Breakdown
The Variable Annuity Life Insurance Company's Scope 3 emissions, which decreased by 97% last year and decreased by approximately 97% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
The Variable Annuity 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.
The Variable Annuity Life Insurance Company 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.
