Transamerica Sustainability Profile
Transamerica Corporation, commonly known as Transamerica, is a prominent financial services company headquartered in the United States. Founded in 1904, Transamerica has established itself as a key player in the insurance and investment sectors, offering a diverse range of products and services designed to help individuals and businesses achieve their financial goals. With a strong presence across major operational regions in the US, Transamerica provides life insurance, retirement solutions, and investment management services. The company is recognised for its innovative approach to financial planning, emphasising customer-centric solutions that cater to various needs. Notable achievements include a robust market position, bolstered by a commitment to sustainability and community engagement. Transamerica continues to evolve, adapting to the changing landscape of the financial industry while maintaining its core values of integrity and service excellence.
DitchCarbon Score
How does Transamerica'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 Financial Intermediation 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
Transamerica's score of 51 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Transamerica, 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 Transamerica Corporation, which may influence its climate commitments and reporting practices. Transamerica's climate initiatives are informed by its parent company, Aegon Ltd., from which it inherits certain sustainability targets and performance metrics. However, no specific reduction targets or achievements have been documented for Transamerica itself. As part of its corporate family, Transamerica aligns with broader industry standards and commitments, although specific details regarding the Science Based Targets initiative (SBTi) or other climate pledges are not available. The lack of reported emissions data suggests that Transamerica may still be in the process of establishing its own comprehensive climate strategy. In summary, while Transamerica is part of a larger corporate structure that may have climate commitments, it currently lacks specific emissions data and reduction targets.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 4,539,000 | - | 0,000,000 | 0,000,000 | - |
| Scope 2 | 26,347,000 | 000,000 | 00,000,000 | 000,000 | - |
| Scope 3 | - | - | 0,000,000 | - | 000,000,000 |
How Carbon Intensive is Transamerica's Industry?
How Carbon Intensive is Transamerica's Location?
Transamerica's Scope 3 Categories Breakdown
Transamerica's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, 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 31% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Transamerica'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.
Transamerica 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.
