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 2022, 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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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Aflac's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Aflac amounted to 11,027 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).

Compared to 2020, the total operational greenhouse gas (GHG) emissions of Aflac decreased by 10.06%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Aflac's Scope 1 Emissions Over Time

20192020202201.5 k3 k4.5 k6 ktCO2e-48%+26%
  • Total Scope 1
  • Year-over-Year Change

What are Aflac's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Aflac were 2,633 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Aflac reduced its Scope 1 emissions over time?

Since 2019, Aflac's Scope 1 emissions have decreased by 34.99%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2020), Aflac's Scope 1 emissions increased by 25.8%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Aflac's Scope 2 emissions?

In 2022, Aflac reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 8,394 tCOâ‚‚e using the location-based method.

Has Aflac reduced its Scope 2 emissions over time?

Since 2019, Aflac's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 35.48%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2020), Aflac's Scope 2 emissions (Location-Based) fell by 17.45% in 2022, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Aflac use for Scope 2 reporting?

In 2022, Aflac reported its Scope 2 emissions using the market-based method and using the location-based method.

Aflac's Scope 2 Emissions Over Time

20192020202203.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Aflac's Value Chain Emissions

In 2022, Aflac reported 30,579 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2022 disclosure of Aflac includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2020, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.

Aflac's Scope 3 Emissions Over Time

201920202022085 k170 k255 k340 ktCO2e+1613%-91%
  • Total Scope 3
  • Year-over-Year Change

What are Aflac's Scope 3 emissions?

In 2022, Aflac reported total Scope 3 emissions of 30,579 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Aflac reduced its Scope 3 emissions over time?

Since 2019, Aflac's Scope 3 emissions have increased by 54.7%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2020), Aflac's Scope 3 emissions decreased by 90.97%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Aflac disclose?

In 2022, Aflac reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2022, the largest contributors to Aflac's Scope 3 emissions were:

  • Upstream Transportation and Distribution (Cat. 4): 8,268 tCOâ‚‚e (27.04%)
  • Business Travel (Cat. 6): 7,908 tCOâ‚‚e (25.86%)
  • Upstream Leased Assets (Cat. 8): 7,642 tCOâ‚‚e (24.99%)

Aflac's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(27.0%)Business Travel(Cat. 6)(25.9%)Upstream LeasedAssets (Cat. 8)(25.0%)

Insights into Aflac's Total Carbon Footprint

In 2022, Aflac reported a total carbon footprint of 41,606 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 88.14% decrease compared to 2020, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Aflac's total carbon footprint was Scope 3 emissions, accounting for 73.5% of the company's total carbon footprint, followed by Scope 2 emissions at 20.17%.

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