Definity Financial Corp
Definity Financial's GHG Emissions Data Preview
In 2023, 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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Definity Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into Definity Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Definity Financial amounted to 2,173 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 2022, the total operational greenhouse gas (GHG) emissions of Definity Financial increased by 4.62%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Definity Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Definity Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Definity Financial were 1,691 metric tons of CO₂ equivalent (tCO₂e). a
Has Definity Financial reduced its Scope 1 emissions over time?
Since 2020, Definity Financial's Scope 1 emissions have decreased by 7.09%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), 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
What are Definity Financial's Scope 2 emissions?
In 2023, Definity Financial reported Scope 2 greenhouse gas (GHG) emissions of 177 tCO₂e using the market-based method and 482 tCO₂e using the location-based method. a
Has Definity Financial reduced its Scope 2 emissions over time?
Since 2020, Definity Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 13.15%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Definity Financial's Scope 2 emissions (Location-Based) rose by 21.72% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Definity Financial use for Scope 2 reporting?
In 2023, Definity Financial reported its Scope 2 emissions using the market-based method and using the location-based method. a
Definity Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Definity Financial's Value Chain Emissions
In 2023, Definity Financial reported 435,711 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 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Definity Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Definity Financial's Scope 3 emissions?
In 2023, Definity Financial reported total Scope 3 emissions of 435,711 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 6.78% of these emissions originated from upstream activities such as purchased goods and capital goods, while 93.22% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Definity Financial reduced its Scope 3 emissions over time?
Since 2020, Definity Financial's Scope 3 emissions have increased by 455.41%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Definity Financial's Scope 3 emissions increased by 318.33%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Definity Financial disclose?
In 2023, 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.
What are the main sources of Definity Financial's Scope 3 emissions?
In 2023, the largest contributors to Definity Financial's Scope 3 emissions were: a
- Investments (Cat. 15): 406,150 tCO₂e (93.22%)
- Purchased Goods and Services (Cat. 1): 25,064 tCO₂e (5.75%)
- Capital Goods (Cat. 2): 2,163 tCO₂e (0.5%)
Definity Financial's Scope 3 Emissions by Categories
Insights into Definity Financial's Total Carbon Footprint
In 2023, Definity Financial reported a total carbon footprint of 437,884 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 312.19% increase compared to 2022, 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 99.5% of the company's total carbon footprint, followed by Scope 1 emissions at 0.39%. a