Voya Financial
Voya Financial, Inc., headquartered in the United States, is a prominent player in the financial services industry, specialising in retirement, investment, and insurance solutions. Founded in 1998, Voya has established itself as a trusted partner for individuals and institutions, focusing on helping clients achieve their financial goals through innovative products and services. With a strong presence across major operational regions in the US, Voya offers a diverse range of core services, including retirement plans, asset management, and employee benefits. What sets Voya apart is its commitment to sustainability and social responsibility, integrating these principles into its business model. Recognised for its market position, Voya has received accolades for its customer service and investment performance, solidifying its reputation as a leader in the financial sector.
DitchCarbon Score
How does Voya Financial'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 Services Auxiliary to 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
Voya Financial's score of 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Voya Financial's reported carbon emissions
In 2023, Voya Financial reported total carbon emissions of approximately 6,449,000 kg CO2e, comprising 1,359,000 kg CO2e from Scope 1 and 4,909,000 kg CO2e from Scope 2. This marks a slight increase in Scope 1 emissions from 1,328,000 kg CO2e in 2022, while Scope 2 emissions remained relatively stable, increasing from 4,893,000 kg CO2e in the previous year. Voya Financial has not disclosed any Scope 3 emissions data, which is critical for a comprehensive understanding of their overall carbon footprint. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for improvement in their climate strategy. Over the past few years, Voya's emissions have shown fluctuations, with a notable peak in 2019 at 15,007,000 kg CO2e for Scope 2 emissions. The company has made efforts to manage its carbon footprint, but the lack of formal reduction targets suggests that further commitments could enhance its sustainability profile. Voya Financial's emissions data is sourced directly from the organisation, with no cascaded data from a parent company. The company continues to report its emissions transparently, providing stakeholders with insights into its environmental impact.
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| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 35,133,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Voya Financial is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
