Vericity, Inc. Sustainability Profile
Vericity, Inc., a prominent player in the insurance technology sector, is headquartered in the United States. Founded in 2013, the company has rapidly established itself as a leader in providing innovative solutions for the life insurance industry. With a focus on enhancing the underwriting process and improving customer engagement, Vericity offers unique products and services that streamline operations and drive efficiency. The company operates primarily across North America, delivering cutting-edge technology that supports insurers in navigating the complexities of the market. Notable achievements include significant partnerships and advancements in digital underwriting, positioning Vericity as a trusted partner for insurance providers seeking to modernise their operations. With a commitment to excellence and innovation, Vericity continues to shape the future of insurance technology.
DitchCarbon Score
How does Vericity, 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
Vericity, Inc.'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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Vericity, Inc., headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of iA Financial Corporation Inc., which may influence its climate commitments and reporting practices. As of now, Vericity, Inc. has not established any documented reduction targets or climate pledges. The lack of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given its affiliation with iA Financial Corporation Inc., emissions data and climate initiatives may be cascaded from this parent organisation. However, no specific emissions figures or targets have been provided from this source either. In summary, while Vericity, Inc. is part of a larger corporate family that may have climate commitments, it currently lacks publicly available emissions data and defined reduction targets.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 125,000 | 00,000 | 00,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,938,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Vericity, Inc.'s Industry?
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Vericity, Inc.'s Scope 3 Categories Breakdown
Vericity, Inc.'s Scope 3 emissions, which decreased by 16% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
Vericity, 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.
Vericity, 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.
