Brighthouse Financial Inc

Common Name
Brighthouse Financial
Country
United States
Sector
Financial Services
Industry
Insurance - Life
Employees
1,400
Ticker
BHF
Exchange
NASDAQ/NGS
Description
Brighthouse Financial Inc. operates as a major life insurance and annuities provider in the United States. Its primary function is to offer life insurance products and annuity solutions, aiming to hel...

Brighthouse Financial's GHG Emissions Data Preview

In 2023, Brighthouse Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Brighthouse Financial has also provided a category-level breakdown for 2 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
Unspecified Calculation Method
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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 Brighthouse Financial's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Brighthouse Financial amounted to 1,239 metric tons of CO2 equivalent. This figure reflects indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Brighthouse Financial increased by 27.47%, suggesting that the company faced challenges in reducing its emissions from its core operations.

What are Brighthouse Financial's Scope 2 emissions?

In 2023, Brighthouse Financial reported Scope 2 greenhouse gas (GHG) emissions of 1,239 tCOâ‚‚e using the location-based method.

Has Brighthouse Financial reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Brighthouse Financial's Scope 2 emissions (Location-Based) rose by 27.47% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Brighthouse Financial use for Scope 2 reporting?

In 2023, Brighthouse Financial reported its Scope 2 emissions using the location-based method.

Brighthouse Financial's Scope 2 Emissions Over Time

2019202020212022202301 k2 k3 k4 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Brighthouse Financial's Value Chain Emissions

In 2023, Brighthouse Financial reported 24,747 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 2023 disclosure of Brighthouse Financial includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Brighthouse Financial's Scope 3 Emissions Over Time

2019202020212022202309.5 k19 k28.5 k38 ktCO2e-4%-28%-1%-3%
  • Total Scope 3
  • Year-over-Year Change

What are Brighthouse Financial's Scope 3 emissions?

In 2023, Brighthouse Financial reported total Scope 3 emissions of 24,747 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 Brighthouse Financial reduced its Scope 3 emissions over time?

Since 2019, Brighthouse Financial's Scope 3 emissions have decreased by 33.59%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Brighthouse Financial's Scope 3 emissions remained relatively stable, indicating that Brighthouse Financial 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Brighthouse Financial disclose?

In 2023, Brighthouse Financial reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

In 2023, the largest contributors to Brighthouse Financial's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 23,062 tCOâ‚‚e (93.19%)
  • Business Travel (Cat. 6): 1,685 tCOâ‚‚e (6.81%)

Brighthouse Financial's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(6.8%)Purchased Goods andServices (Cat. 1)(93.2%)
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