In 2024, Definity Financial 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).
Definity Financial has also provided a category-level breakdown for 7 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 | 1,266a | 1,277a | 1,165a | |
Total Scope 2 | ||||
Market-Based | 604a | 592a | 631a | |
Location-Based | 919a | 896a | 912a | |
Total Scope 3 | 1,059,311a | 435,711a | 104,156a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4041a | 0.4174a | 0.5266a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Definity Financial amounted to 2,185 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 Definity Financial increased by 0.55%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Definity Financial were 1,266 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Definity Financial's Scope 1 emissions have decreased by 30.44%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Definity Financial's Scope 1 emissions remained relatively stable, indicating that Definity Financial's emissions have plateaued with no significant change in its operational footprint.a
In 2024, Definity Financial reported Scope 2 greenhouse gas (GHG) emissions of 604 tCO₂e using the market-based method and 919 tCO₂e using the location-based method.a
Since 2020, Definity Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 115.73%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Definity Financial's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Definity Financial's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Definity Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Definity Financial reported 1,059,311 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 Definity Financial includes a breakdown across 7 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, Definity Financial reported total Scope 3 emissions of 1,059,311 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 2.19% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.81% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Definity Financial's Scope 3 emissions have increased by 1,250.32%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Definity Financial's Scope 3 emissions increased by 143.12%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Definity Financial reported emissions for 7 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 Definity Financial's Scope 3 emissions were:a
In 2024, Definity Financial reported Scope 1 greenhouse gas (GHG) emissions of 1,266 tCO₂e and total revenues of USD 3,133 millions. This translates into an emissions intensity of 0.4 tCO₂e per millions USD.a
In 2024, Definity Financial reported a Scope 1 emissions intensity of 0.4 tCO₂e per millions USD. Compared to the peer group median of 0.43, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Definity Financial ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Definity Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Definity Financial reported a total carbon footprint of 1,061,496 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 142.41% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Definity Financial's total carbon footprint was Scope 3 emissions, accounting for 99.79% of the company's total carbon footprint, followed by Scope 1 emissions at 0.12%.a