Globe Life Inc

Common Name
Globe Life
Country
United States
Sector
Financial Services
Industry
Insurance - Life
Employees
3,732
Ticker
GL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Globe Life Inc. is a prominent insurance holding company based in the United States, primarily engaging in the provision of life and health insurance products. The company's operational framework revo...

Globe Life's GHG Emissions Data Preview

In 2024, Globe Life 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).

Globe Life has also provided a category-level breakdown for 5 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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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Globe Life’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 Globe Life’s data sources below and access millions more through our Disclosure Search.

a. Globe Life's TCFD Report 2024
a. Globe Life's TCFD Report 2024
b. Globe Life's ESG Report 2023
b. Globe Life's ESG Report 2023
c. Globe Life's ESG Data Spreadsheet 2021
c. Globe Life's ESG Data Spreadsheet 2021

Insights into Globe Life's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Globe Life amounted to 6,781 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 Globe Life decreased by 2.36%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Globe Life's Scope 1 Emissions Over Time

202120222023202404008001.2 k1.6 ktCO2e+6%+26%-6%
  • Total Scope 1
  • Year-over-Year Change

What are Globe Life's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Globe Life were 1,459 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2023), Globe Life's Scope 1 emissions decreased by 6.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Globe Life's Scope 2 emissions?

In 2024, Globe Life reported Scope 2 greenhouse gas (GHG) emissions of 5,348 tCO₂e using the market-based method and 5,322 tCO₂e using the location-based method. a

Has Globe Life reduced its Scope 2 emissions over time?

Since 2019, Globe Life's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 22.91%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

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

What methodology does Globe Life use for Scope 2 reporting?

In 2024, Globe Life reported its Scope 2 emissions using the market-based method and using the location-based method. a

Globe Life's Scope 2 Emissions Over Time

20192020202120222023202402 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Globe Life's Value Chain Emissions

In 2024, Globe Life reported 38,151 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 Globe Life includes a breakdown across 5 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

Globe Life's Scope 3 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e-70%+10234%+1%-6%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Globe Life's Scope 3 emissions?

In 2024, Globe Life reported total Scope 3 emissions of 38,151 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 88.82% of these emissions originated from upstream activities such as purchased goods and capital goods, while 11.18% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Globe Life reduced its Scope 3 emissions over time?

Since 2019, Globe Life's Scope 3 emissions have increased by 2,551.22%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

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

What categories of Scope 3 emissions does Globe Life disclose?

In 2024, Globe Life reported emissions for 5 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 Globe Life's Scope 3 emissions?

In 2024, the largest contributors to Globe Life's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 17,985 tCO₂e (47.14%)
  • Upstream Transportation and Distribution (Cat. 4): 9,351 tCO₂e (24.51%)
  • Downstream Leased Assets (Cat. 13): 4,266 tCO₂e (11.18%)

Globe Life's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(11.2%)Purchased Goods andServices (Cat. 1)(47.1%)UpstreamTransportation andDistribution(Cat. 4)(24.5%)

Insights into Globe Life’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Globe Life reported Scope 1 greenhouse gas (GHG) emissions of 1,459 tCO₂e and total revenues of USD 5,778 millions. This translates into an emissions intensity of 0.25 tCO₂e per millions USD. a

Globe Life's Scope 1 Emissions Intensity Compared to Peers

502001,0005,00050,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)PrimericaYear: 2023Scope 1: 588 tCO2eRevenue: $M 2,816Scope 1 Intensity: 0.21 tCO2e/$MUnum GroupYear: 2023Scope 1: 5,823 tCO2eRevenue: $M 12,308Scope 1 Intensity: 0.47 tCO2e/$MSEI InvestmentsYear: 2023Scope 1: 117 tCO2eRevenue: $M 1,921Scope 1 Intensity: 0.06 tCO2e/$MFirst HorizonYear: 2024Scope 1: 3,710 tCO2eRevenue: $M 3,096Scope 1 Intensity: 1.20 tCO2e/$MPrudential FinancialYear: 2024Scope 1: 13,609 tCO2eRevenue: $M 70,659Scope 1 Intensity: 0.19 tCO2e/$MSynovus FinancialYear: 2024Scope 1: 3,240 tCO2eRevenue: $M 1,980Scope 1 Intensity: 1.64 tCO2e/$MCNO Financial GroupYear: 2024Scope 1: 1,255 tCO2eRevenue: $M 4,446Scope 1 Intensity: 0.28 tCO2e/$MComericaYear: 2024Scope 1: 5,391 tCO2eRevenue: $M 3,244Scope 1 Intensity: 1.66 tCO2e/$MWintrust FinancialYear: 2024Scope 1: 2,900 tCO2eRevenue: $M 2,451Scope 1 Intensity: 1.18 tCO2e/$MFactset Research SystemsYear: 2023Scope 1: 3,815 tCO2eRevenue: $M 2,085Scope 1 Intensity: 1.83 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MGenworth FinancialYear: 2023Scope 1: 659 tCO2eRevenue: $M 7,371Scope 1 Intensity: 0.09 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MCincinnati FinancialYear: 2023Scope 1: 14,066 tCO2eRevenue: $M 10,013Scope 1 Intensity: 1.40 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MSynchrony FinancialYear: 2024Scope 1: 168 tCO2eRevenue: $M 16,154Scope 1 Intensity: 0.01 tCO2e/$MT Rowe Price GroupYear: 2024Scope 1: 1,845 tCO2eRevenue: $M 7,093Scope 1 Intensity: 0.26 tCO2e/$MJefferies Financial GroupYear: 2022Scope 1: 4,223 tCO2eRevenue: $M 7,149Scope 1 Intensity: 0.59 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$M

How does Globe Life's GHG emissions intensity compare to its peers?

In 2024, Globe Life reported a Scope 1 emissions intensity of 0.25 tCO₂e per millions USD. Compared to the peer group median of 0.38 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Globe Life rank on GHG emissions intensity within its industry?

In 2024, Globe Life ranked 9 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Globe Life is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Globe Life's Total Carbon Footprint

In 2024, Globe Life reported a total carbon footprint of 44,932 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.79% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Globe Life's total carbon footprint was Scope 3 emissions, accounting for 84.91% of the company's total carbon footprint, followed by Scope 2 emissions at 11.84%. a

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