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., formerly known as Anthem, is a prominent health insurance company in the United States. Its primary function is to provide a wide range of health insurance products and related s...

Elevance Health's GHG Emissions Data Preview

In 2023, 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 6 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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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 Elevance Health's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Elevance Health amounted to 104,911 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 2022, the total operational greenhouse gas (GHG) emissions of Elevance Health increased by 8.14%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Elevance Health's Scope 1 Emissions Over Time

20182019202020212022202305 k10 k15 k20 ktCO2e+53%-28%-4%+33%+20%
  • Total Scope 1
  • Year-over-Year Change

What are Elevance Health's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Elevance Health were 18,854 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Elevance Health reduced its Scope 1 emissions over time?

Since 2018, Elevance Health's Scope 1 emissions have increased by 69.08%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Elevance Health's Scope 1 emissions increased by 19.9%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Elevance Health's Scope 2 emissions?

In 2023, Elevance Health reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method, and 86,057 tCOâ‚‚e using the location-based method.

Has Elevance Health reduced its Scope 2 emissions over time?

Compared to the previous year (2022), 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.

What methodology does Elevance Health use for Scope 2 reporting?

In 2023, Elevance Health reported its Scope 2 emissions using the market-based method and using the location-based method.

Elevance Health's Scope 2 Emissions Over Time

201820192020202120222023030 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 2023, Elevance Health reported 7,076,415 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 Elevance Health includes a breakdown across 6 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.

Elevance Health's Scope 3 Emissions Over Time

20182019202020212022202302.5 M5 M7.5 M10 MtCO2e+924%-20%0%+911%-26%
  • Total Scope 3
  • Year-over-Year Change

What are Elevance Health's Scope 3 emissions?

In 2023, Elevance Health reported total Scope 3 emissions of 7,076,415 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 40.29% of these emissions originated from upstream activities such as purchased goods and capital goods, while 59.71% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Elevance Health reduced its Scope 3 emissions over time?

Since 2018, Elevance Health's Scope 3 emissions have increased by 5,983.52%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Elevance Health's Scope 3 emissions decreased by 26.08%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Elevance Health disclose?

In 2023, Elevance Health 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 Elevance Health's Scope 3 emissions?

In 2023, the largest contributors to Elevance Health's Scope 3 emissions were:

  • Investments (Cat. 15): 4,203,704 tCOâ‚‚e (59.71%)
  • Purchased Goods and Services (Cat. 1): 2,643,518 tCOâ‚‚e (37.55%)
  • Upstream Transportation and Distribution (Cat. 4): 62,399 tCOâ‚‚e (0.89%)

Elevance Health's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(37.5%)Investments(Cat. 15)(59.7%)

Insights into Elevance Health's Total Carbon Footprint

In 2023, Elevance Health reported a total carbon footprint of 7,181,326 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.74% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Elevance Health's total carbon footprint was Scope 3 emissions, accounting for 98.54% of the company's total carbon footprint, followed by Scope 2 emissions at 1.2%.

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