Venerable Insurance and Annuity Company Sustainability Profile
Venerable Insurance and Annuity Company, often referred to simply as Venerable, is a prominent player in the insurance and annuity sector, headquartered in the United States. Established in 2019, the company has quickly made a name for itself by focusing on the management of in-force life insurance and annuity products, primarily serving clients across the US. Venerable's core offerings include a range of annuity products and life insurance solutions, distinguished by their commitment to customer-centric service and innovative financial strategies. The company has achieved significant milestones in a short span, positioning itself as a trusted partner in the financial services industry. With a focus on sustainability and long-term growth, Venerable continues to enhance its market presence while delivering unique value to its clients.
DitchCarbon Score
How does Venerable Insurance and Annuity 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
Venerable Insurance and Annuity Company's score of 44 is higher 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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Venerable Insurance and Annuity Company currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Equitable Holdings, Inc., and any relevant emissions data or climate commitments may be inherited from this parent organisation. As a subsidiary, Venerable's climate initiatives and reduction targets are likely influenced by Equitable Holdings, Inc., which operates under the guidance of industry standards such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, specific reduction targets or achievements for Venerable Insurance and Annuity Company have not been disclosed. In the context of climate commitments, Venerable Insurance and Annuity Company has not publicly stated any specific climate pledges or initiatives. The lack of detailed emissions data and reduction targets suggests that the company may still be in the process of developing its climate strategy or aligning with broader corporate sustainability goals set by its parent company. Overall, while Venerable Insurance and Annuity Company is part of a larger corporate family that may have established climate commitments, specific emissions data and reduction initiatives for the company itself remain unspecified.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,232,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 |
| Scope 2 | 8,670,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 3,907,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | - |
How Carbon Intensive is Venerable Insurance and Annuity Company's Industry?
How Carbon Intensive is Venerable Insurance and Annuity Company's Location?
Venerable Insurance and Annuity Company's Scope 3 Categories Breakdown
Venerable Insurance and Annuity Company's Scope 3 emissions, which decreased by 23% last year and decreased by approximately 53% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 20% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Venerable Insurance and Annuity 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.
Venerable Insurance and Annuity 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.
