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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,850a | 3,499a | 2,633b | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 0b | |
Location-Based | 7,370a | 7,562a | 8,394b | |
Total Scope 3 | 217,711a | 208,401a | 30,579b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.149a | 0.1857a | 0.1375b |
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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
In 2024, the total Scope 1 emissions of Aflac were 2,850 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Aflac's Scope 1 emissions have decreased by 29.63%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
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
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
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.ac
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
In 2024, Aflac reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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.ac
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
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.
In 2024, the largest contributors to Aflac's Scope 3 emissions were:a
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
In 2024, Aflac reported a Scope 1 emissions intensity of 0.15 tCO₂e per millions USD. Compared to the peer group median of 0.26, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Aflac ranked 7 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
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