Aflac Inc

Common Name
Aflac
Country
United States
Sector
Financial Services
Industry
Insurance - Life
Employees
12,694
Ticker
AFL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Aflac Inc. is a leading provider of life and health insurance, offering a comprehensive portfolio of products primarily in Japan and the United States. The company’s core business centers on supplemen...

Aflac's GHG Emissions Data Preview

In 2024, Aflac completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Aflac has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
0000000
Location-Based
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b
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Aflac’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Aflac’s data sources below and access millions more through our Disclosure Search.

a. Aflac's TCFD Report 2025
a. Aflac's TCFD Report 2025
b. Aflac's CDP Climate sourced from company’s website 2023
b. Aflac's CDP Climate sourced from company’s website 2023
c. Aflac's CDP Climate sourced from company’s website 2020
c. Aflac's CDP Climate sourced from company’s website 2020

Insights into Aflac's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Aflac amounted to 10,220 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Aflac decreased by 7.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Aflac's Scope 1 Emissions Over Time

2019202020222023202401.5 k3 k4.5 k6 ktCO2e-48%+26%+33%-19%
  • Total Scope 1
  • Year-over-Year Change

What are Aflac's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Aflac were 2,850 metric tons of CO₂ equivalent (tCO₂e). a

Has Aflac reduced its Scope 1 emissions over time?

Since 2019, Aflac's Scope 1 emissions have decreased by 29.63%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Aflac's Scope 1 emissions decreased by 18.55%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Aflac's Scope 2 emissions?

In 2024, Aflac reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 7,370 tCO₂e using the location-based method. a

Has Aflac reduced its Scope 2 emissions over time?

Since 2019, Aflac's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 43.35%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2023), Aflac's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Aflac 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Aflac use for Scope 2 reporting?

In 2024, Aflac reported its Scope 2 emissions using the market-based method and using the location-based method. a

Aflac's Scope 2 Emissions Over Time

2019202020222023202403.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Aflac's Value Chain Emissions

In 2024, Aflac reported 217,711 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Aflac includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Aflac's Scope 3 Emissions Over Time

20192020202220232024085 k170 k255 k340 ktCO2e+1613%-91%+582%+4%
  • Total Scope 3
  • Year-over-Year Change

What are Aflac's Scope 3 emissions?

In 2024, Aflac reported total Scope 3 emissions of 217,711 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Aflac reduced its Scope 3 emissions over time?

Since 2019, Aflac's Scope 3 emissions have increased by 1,001.39%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Aflac's Scope 3 emissions remained relatively stable, indicating that Aflac 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Aflac disclose?

In 2024, Aflac reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Aflac's Scope 3 emissions?

In 2024, the largest contributors to Aflac's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 170,963 tCO₂e (78.53%)
  • Capital Goods (Cat. 2): 15,172 tCO₂e (6.97%)
  • Business Travel (Cat. 6): 11,181 tCO₂e (5.14%)

Aflac's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(7.0%)Business Travel(Cat. 6)(5.1%)Purchased Goods andServices (Cat. 1)(78.5%)

Insights into Aflac’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Aflac reported Scope 1 greenhouse gas (GHG) emissions of 2,850 tCO₂e and total revenues of USD 19,128 millions. This translates into an emissions intensity of 0.15 tCO₂e per millions USD. a

Aflac's Scope 1 Emissions Intensity Compared to Peers

202002,00010,000100,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)NasdaqYear: 2024Scope 1: 79 tCO2eRevenue: $M 7,383Scope 1 Intensity: 0.01 tCO2e/$MPrimericaYear: 2023Scope 1: 588 tCO2eRevenue: $M 2,816Scope 1 Intensity: 0.21 tCO2e/$MHuntington BancsharesYear: 2023Scope 1: 16,331 tCO2eRevenue: $M 7,360Scope 1 Intensity: 2.22 tCO2e/$MM&T BankYear: 2023Scope 1: 17,124 tCO2eRevenue: $M 9,398Scope 1 Intensity: 1.82 tCO2e/$MUnum GroupYear: 2023Scope 1: 5,823 tCO2eRevenue: $M 12,308Scope 1 Intensity: 0.47 tCO2e/$MPrudential FinancialYear: 2024Scope 1: 13,609 tCO2eRevenue: $M 70,659Scope 1 Intensity: 0.19 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MCNO Financial GroupYear: 2024Scope 1: 1,255 tCO2eRevenue: $M 4,446Scope 1 Intensity: 0.28 tCO2e/$MIntercontinental ExchangeYear: 2024Scope 1: 5,212 tCO2eRevenue: $M 11,760Scope 1 Intensity: 0.44 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MLPL Financial HoldingsYear: 2023Scope 1: 893 tCO2eRevenue: $M 10,056Scope 1 Intensity: 0.09 tCO2e/$MRaymond James FinancialYear: 2022Scope 1: 392 tCO2eRevenue: $M 10,859Scope 1 Intensity: 0.04 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MGenworth FinancialYear: 2023Scope 1: 659 tCO2eRevenue: $M 7,371Scope 1 Intensity: 0.09 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MBlackRockYear: 2023Scope 1: 6,689 tCO2eRevenue: $M 17,861Scope 1 Intensity: 0.37 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MPNC Financial Services GroupYear: 2022Scope 1: 32,100 tCO2eRevenue: $M 21,114Scope 1 Intensity: 1.52 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$M

How does Aflac's GHG emissions intensity compare to its peers?

In 2024, Aflac reported a Scope 1 emissions intensity of 0.15 tCO₂e per millions USD. Compared to the peer group median of 0.39 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Aflac rank on GHG emissions intensity within its industry?

In 2024, Aflac ranked 6 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Aflac is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Aflac's Total Carbon Footprint

In 2024, Aflac reported a total carbon footprint of 227,931 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.86% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Aflac's total carbon footprint was Scope 3 emissions, accounting for 95.52% of the company's total carbon footprint, followed by Scope 2 emissions at 3.23%. a

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