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Genworth Financial Inc
Genworth Financial's GHG Emissions Data Preview
In 2024, Genworth 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).
Genworth 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 - 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.  a | 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 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 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 Genworth Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into Genworth Financial's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofGenworth Financial amounted to5,615metric 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 Genworth Financialdecreased by 25.54%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Genworth Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Genworth Financial's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Genworth Financial were 542 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Genworth Financial reduced its Scope 1 emissions over time?
Since 2019, Genworth Financial's Scope 1 emissions have decreased by 80.04%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Genworth Financial's Scope 1 emissions decreased by 17.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Genworth Financial's Scope 2 emissions?
In 2024, Genworth Financial reported Scope 2 greenhouse gas (GHG) emissions of 5,630 tCOâ‚‚e using the market-based method and 5,073 tCOâ‚‚e using the location-based method.a
Has Genworth Financial reduced its Scope 2 emissions over time?
Since 2019, Genworth Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 86.86%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Genworth Financial's Scope 2 emissions(Location-Based) fell by 26.29% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Genworth Financial use for Scope 2 reporting?
In 2024, Genworth Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
Genworth Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Genworth Financial's Value Chain Emissions
In 2024, Genworth Financial reported 35,736 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Genworth Financial includes a breakdown across 7of 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
Genworth Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Genworth Financial's Scope 3 emissions?
In 2024, Genworth Financial reported total Scope 3 emissions of 35,736 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
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.a
Has Genworth Financial reduced its Scope 3 emissions over time?
Since 2019, Genworth Financial's Scope 3 emissionshave increased by 289.97%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Genworth Financial's Scope 3 emissions decreased by 40.37%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Genworth Financial disclose?
In 2024, Genworth 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 Genworth Financial's Scope 3 emissions?
In 2024, the largest contributors to Genworth Financial's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 30,147 tCOâ‚‚e(84.36%)
- Employee Commuting (Cat. 7): 2,645 tCOâ‚‚e(7.4%)
- Capital Goods (Cat. 2): 1,037 tCOâ‚‚e(2.9%)
Genworth Financial's Scope 3 Emissions by Categories
Insights into Genworth Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Genworth Financial reported Scope 1 greenhouse gas (GHG) emissions of 542 tCOâ‚‚e and total revenues of USD 7,141 millions. This translates into an emissions intensity of 0.08 tCOâ‚‚e per millions USD.a
Genworth Financial's Scope 1 Emissions Intensity Compared to Peers
How does Genworth Financial's GHG emissions intensity compare to its peers?
In 2024, Genworth Financial reported a Scope 1 emissions intensity of 0.08 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.28, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Genworth Financial rank on GHG emissions intensity within its industry?
In 2024, Genworth Financial ranked 3 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Genworth Financial among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Genworth Financial's Total Carbon Footprint
In 2024, Genworth Financial reported a total carbon footprint of 41,351 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 38.71% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Genworth Financial's total carbon footprint was Scope 3 emissions, accounting for 86.42% of the company's total carbon footprint, followed by Scope 2 emissions at 12.27%.a