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 41 is higher than 84% 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 carbon emissions of approximately 6,490,000 kg CO2e, comprising 1,359,000 kg CO2e from Scope 1 and 4,909,000 kg CO2e from Scope 2 emissions. The company has demonstrated a commitment to reducing its carbon footprint, with a notable decrease in total emissions from 7,831,000 kg CO2e in 2021 to the current figure. In 2022, Voya's emissions were broken down into 1,328,000 kg CO2e for Scope 1, 4,893,000 kg CO2e for Scope 2, and 2,626,000 kg CO2e for Scope 3, which included significant contributions from business travel (2,561,000 kg CO2e). This indicates a proactive approach to managing emissions across all scopes, particularly in reducing Scope 2 emissions, which are primarily associated with purchased electricity. Despite the absence of specific reduction targets or initiatives outlined in their recent disclosures, Voya Financial's ongoing efforts to monitor and report emissions reflect a commitment to sustainability and climate responsibility. The company continues to engage in practices aimed at minimising its environmental impact, aligning with industry standards for climate action.
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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 | 000,000 | 000,000 | 000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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.
