Elevance Health Inc

Common Name
Elevance Health
Country
United States
Sector
Healthcare
Industry
Healthcare Plans
Employees
104,200
Ticker
ELV
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Elevance Health, Inc. is a major provider of managed healthcare services, specializing in delivering a comprehensive suite of health insurance products and related services across the United States. T...

Elevance Health's GHG Emissions Data Preview

In 2024, Elevance Health 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).

Elevance Health has also provided a category-level breakdown for 10 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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a
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0000000
Total Scope 2
Market-Based
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b
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b
0000000
Location-Based
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a
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a
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a
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Elevance Health’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Elevance Health’s data sources below and access millions more through our Disclosure Search.

a. Elevance Health's Impact Report 2024
a. Elevance Health's Impact Report 2024
b. Elevance Health's Impact Report 2023
b. Elevance Health's Impact Report 2023
c. Elevance Health's Environmental Progress Report 2020
c. Elevance Health's Environmental Progress Report 2020

Insights into Elevance Health's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Elevance Health amounted to 98,665 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 Elevance Health decreased by 5.95%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Elevance Health's Scope 1 Emissions Over Time

201820192020202120222023202405 k10 k15 k20 ktCO2e+27%-13%-4%+33%+20%-24%
  • Total Scope 1
  • Year-over-Year Change

What are Elevance Health's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Elevance Health were 14,390 metric tons of CO₂ equivalent (tCO₂e). a

Has Elevance Health reduced its Scope 1 emissions over time?

Since 2018, Elevance Health's Scope 1 emissions have increased by 29.05%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Elevance Health's Scope 1 emissions decreased by 23.68%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Elevance Health's Scope 2 emissions?

In 2024, Elevance Health reported Scope 2 greenhouse gas (GHG) emissions of 84,275 tCO₂e using the location-based method. a

Has Elevance Health reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Elevance Health's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Elevance Health 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Elevance Health use for Scope 2 reporting?

In 2024, Elevance Health reported its Scope 2 emissions using the location-based method. a

Elevance Health's Scope 2 Emissions Over Time

2018201920202021202220232024030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Elevance Health's Value Chain Emissions

In 2024, Elevance Health reported 6,494,822 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 Elevance Health includes a breakdown across 10 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

Elevance Health's Scope 3 Emissions Over Time

201820192020202120222023202402.5 M5 M7.5 M10 MtCO2e+924%-20%0%+913%-26%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Elevance Health's Scope 3 emissions?

In 2024, Elevance Health reported total Scope 3 emissions of 6,494,822 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 40.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 59.64% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Elevance Health reduced its Scope 3 emissions over time?

Since 2018, Elevance Health's Scope 3 emissions have increased by 5,483.53%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Elevance Health's Scope 3 emissions remained relatively stable, indicating that Elevance Health 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Elevance Health disclose?

In 2024, Elevance Health reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Elevance Health's Scope 3 emissions?

In 2024, the largest contributors to Elevance Health's Scope 3 emissions were: a

  • Investments (Cat. 15): 3,842,497 tCO₂e (59.16%)
  • Purchased Goods and Services (Cat. 1): 2,407,181 tCO₂e (37.06%)
  • Employee Commuting (Cat. 7): 71,957 tCO₂e (1.11%)

Elevance Health's Scope 3 Emissions by Categories

Investments(Cat. 15)(59.2%)Purchased Goods andServices (Cat. 1)(37.1%)Employee Commuting(Cat. 7)(1.1%)

Insights into Elevance Health’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Elevance Health reported Scope 1 greenhouse gas (GHG) emissions of 14,390 tCO₂e and total revenues of USD 176,781 millions. This translates into an emissions intensity of 0.08 tCO₂e per millions USD. a

Elevance Health's Scope 1 Emissions Intensity Compared to Peers

505005,000100,0001,000,000Scope 1 Emissions (tCO2e)1001,00010,000100,0001,000,000Revenues (Millions of USD)ResmedYear: 2023Scope 1: 4,453 tCO2eRevenue: $M 4,223Scope 1 Intensity: 1.05 tCO2e/$MMolina HealthcareYear: 2024Scope 1: 6,890 tCO2eRevenue: $M 40,646Scope 1 Intensity: 0.17 tCO2e/$MIQVIA HoldingsYear: 2023Scope 1: 8,221 tCO2eRevenue: $M 14,983Scope 1 Intensity: 0.55 tCO2e/$MCigna GroupYear: 2023Scope 1: 14,193 tCO2eRevenue: $M 195,227Scope 1 Intensity: 0.07 tCO2e/$MInsmedYear: 2024Scope 1: 1,666 tCO2eRevenue: $M 364Scope 1 Intensity: 4.58 tCO2e/$MJohnson & JohnsonYear: 2024Scope 1: 314,690 tCO2eRevenue: $M 88,820Scope 1 Intensity: 3.54 tCO2e/$MHCA HealthcareYear: 2022Scope 1: 755 tCO2eRevenue: $M 60,400Scope 1 Intensity: 0.01 tCO2e/$MWalgreens Boots AllianceYear: 2024Scope 1: 284,000 tCO2eRevenue: $M 147,655Scope 1 Intensity: 1.92 tCO2e/$MBecton Dickinson and CoYear: 2023Scope 1: 162,475 tCO2eRevenue: $M 19,372Scope 1 Intensity: 8.39 tCO2e/$MEdwards LifesciencesYear: 2024Scope 1: 15,682 tCO2eRevenue: $M 5,439Scope 1 Intensity: 2.88 tCO2e/$MRegeneron PharmaceuticalsYear: 2024Scope 1: 80,300 tCO2eRevenue: $M 14,202Scope 1 Intensity: 5.65 tCO2e/$MMettler-Toledo InternationalYear: 2024Scope 1: 27,797 tCO2eRevenue: $M 3,872Scope 1 Intensity: 7.18 tCO2e/$MCenteneYear: 2023Scope 1: 9,998 tCO2eRevenue: $M 154,052Scope 1 Intensity: 0.06 tCO2e/$MZoetisYear: 2023Scope 1: 111,637 tCO2eRevenue: $M 8,544Scope 1 Intensity: 13.07 tCO2e/$MAgilent TechnologiesYear: 2024Scope 1: 29,698 tCO2eRevenue: $M 6,510Scope 1 Intensity: 4.56 tCO2e/$MGE Healthcare TechnologiesYear: 2024Scope 1: 104,974 tCO2eRevenue: $M 19,672Scope 1 Intensity: 5.34 tCO2e/$MUnitedHealth GroupYear: 2024Scope 1: 105,782 tCO2eRevenue: $M 400,235Scope 1 Intensity: 0.26 tCO2e/$MCardinal HealthYear: 2024Scope 1: 160,150 tCO2eRevenue: $M 226,841Scope 1 Intensity: 0.71 tCO2e/$MAlignment HealthcareYear: 2023Scope 1: 131 tCO2eRevenue: $M 1,824Scope 1 Intensity: 0.07 tCO2e/$MHumana IncYear: 2024Scope 1: 37,480 tCO2eRevenue: $M 117,751Scope 1 Intensity: 0.32 tCO2e/$MZimmer Biomet HoldingsYear: 2024Scope 1: 10,191 tCO2eRevenue: $M 7,679Scope 1 Intensity: 1.33 tCO2e/$MIDEXX LaboratoriesYear: 2024Scope 1: 18,461 tCO2eRevenue: $M 3,898Scope 1 Intensity: 4.74 tCO2e/$MIntuitive SurgicalYear: 2024Scope 1: 8,105 tCO2eRevenue: $M 8,352Scope 1 Intensity: 0.97 tCO2e/$MCVS HealthYear: 2024Scope 1: 261,522 tCO2eRevenue: $M 372,804Scope 1 Intensity: 0.70 tCO2e/$MElevance HealthYear: 2024Scope 1: 14,390 tCO2eRevenue: $M 176,781Scope 1 Intensity: 0.08 tCO2e/$M

How does Elevance Health's GHG emissions intensity compare to its peers?

In 2024, Elevance Health reported a Scope 1 emissions intensity of 0.08 tCO₂e per millions USD. Compared to the peer group median of 1.19 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Elevance Health rank on GHG emissions intensity within its industry?

In 2024, Elevance Health ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Elevance Health among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Elevance Health's Total Carbon Footprint

In 2024, Elevance Health reported a total carbon footprint of 6,593,487 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.53% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Elevance Health's total carbon footprint was Scope 3 emissions, accounting for 98.5% of the company's total carbon footprint, followed by Scope 2 emissions at 1.28%. a

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