Great-West Lifeco Inc

Common Name
Great-West Lifeco
Country
Canada
Sector
Financial Services
Industry
Insurance - Life
Employees
33,250
Ticker
GWO
Exchange
TORONTO STOCK EXCHANGE
Description
Great-West Lifeco Inc. is a prominent financial services holding company primarily focused on life insurance products, retirement savings, and investment funds. Operating as a part of the Power Corpor...

Great-West Lifeco Energy Data Preview

In 2023, Great-West Lifeco disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Great-West Lifeco disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Great-West Lifeco also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate Great-West Lifeco's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2023202220212020 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Verified Sources Behind Great-West Lifeco’s Energy Management Data

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a. Great-West Lifeco's Sustainability Data Spreadsheet 2024
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Insights into Great-West Lifeco's Energy Renewability

In 2023, Great-West Lifeco consumed a total of 378,133.2 Gigajoules of energy across its operations. Of this total, 27.78% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 72.22% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

Great-West Lifeco's Energy Renewability Rate

28%

How much of Great-West Lifeco's energy consumed is renewable?

In 2023, Great-West Lifeco consumed a total of 378,133.2 Gigajoules of energy, of which 27.78% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This moderate level of renewable energy adoption indicates that Great-West Lifeco is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.

Are Great-West Lifeco's energy practices becoming more sustainable?

Since 2021, Great-West Lifeco's total energy consumption decreased by 1.86%, including a further 6.5% drop in 2023, highlighting a continued decline in energy use. a

Over the same period, the share of renewable energy in Great-West Lifeco's consumption increased by 3.15%, including a 5.96% increase in 2023, showing consistent progress in clean energy adoption. a

Overall, Great-West Lifeco has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.

Great-West Lifeco's Renewable vs Non-renewable Energy Over Time

328.24 k128.24 k71.76 k328.24 kGigajoules (GJ)20212022202327%26%28%73%74%72%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Great-West Lifeco's Energy Consumption & Production Mix

In 2023, Great-West Lifeco disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Great-West Lifeco's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Great-West Lifeco's Energy Consumed by Sources and Technologies

Diesel, Gasoline(Petrol), NaturalGas, Transport Fuel,Electricity(Unspecified Source)and Steam(Unspecified Source)(100.0%)

What are the main sources and generation technologies behind Great-West Lifeco's energy consumption?

In 2023, Great-West Lifeco's total energy consumption was primarily sourced from

  • Diesel, Gasoline (Petrol), Natural Gas, Transport Fuel, Electricity (Unspecified Source) and Steam (Unspecified Source) (100%)

How diverse is Great-West Lifeco’s energy consumption mix?

In 2023, Great-West Lifeco consumed energy from 5 different sources or generation technologies, indicating a highly concentrated energy mix, with Diesel, Gasoline (Petrol), Natural Gas, Transport Fuel, Electricity (Unspecified Source) and Steam (Unspecified Source) alone accounting for 100% of total consumption.

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