Great-West Lifeco Inc
Great-West Lifeco's GHG Emissions Data Preview
In 2024, Great-West Lifeco 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).
Great-West Lifeco 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) | 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.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 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.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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cVerified Sources Behind Great-West Lifeco’s Greenhouse Gas (GHG) Emissions Data
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Insights into Great-West Lifeco's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Great-West Lifeco amounted to 17,765 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 Great-West Lifeco decreased by 17.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Great-West Lifeco's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Great-West Lifeco's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Great-West Lifeco were 5,876 metric tons of CO₂ equivalent (tCO₂e). a
Has Great-West Lifeco reduced its Scope 1 emissions over time?
Since 2019, Great-West Lifeco's Scope 1 emissions have decreased by 47.41%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Great-West Lifeco's Scope 1 emissions decreased by 21.65%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are Great-West Lifeco's Scope 2 emissions?
In 2024, Great-West Lifeco reported Scope 2 greenhouse gas (GHG) emissions of 9,848 tCO₂e using the market-based method and 11,889 tCO₂e using the location-based method. a
Has Great-West Lifeco reduced its Scope 2 emissions over time?
Since 2019, Great-West Lifeco's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 49.5%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Great-West Lifeco's Scope 2 emissions (Location-Based) fell by 14.99% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b
What methodology does Great-West Lifeco use for Scope 2 reporting?
In 2024, Great-West Lifeco reported its Scope 2 emissions using the market-based method and using the location-based method. a
Great-West Lifeco's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Great-West Lifeco's Value Chain Emissions
In 2024, Great-West Lifeco reported 161,196 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 Great-West Lifeco 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
Great-West Lifeco's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Great-West Lifeco's Scope 3 emissions?
In 2024, Great-West Lifeco reported total Scope 3 emissions of 161,196 metric tons of CO₂ equivalent (tCO₂e). 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 Great-West Lifeco reduced its Scope 3 emissions over time?
Since 2019, Great-West Lifeco's Scope 3 emissions have decreased by 26.03%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Great-West Lifeco's Scope 3 emissions remained relatively stable, indicating that Great-West Lifeco 's emissions have plateaued with no significant change in its value chain footprint. a b
What categories of Scope 3 emissions does Great-West Lifeco disclose?
In 2024, Great-West Lifeco 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 Great-West Lifeco's Scope 3 emissions?
In 2024, the largest contributors to Great-West Lifeco's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 148,700 tCO₂e (92.25%)
- Business Travel (Cat. 6): 7,523 tCO₂e (4.67%)
- Upstream Leased Assets (Cat. 8): 2,620 tCO₂e (1.63%)
Great-West Lifeco's Scope 3 Emissions by Categories
Insights into Great-West Lifeco’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Great-West Lifeco reported Scope 1 greenhouse gas (GHG) emissions of 5,876 tCO₂e and total revenues of USD 11,970 millions. This translates into an emissions intensity of 0.49 tCO₂e per millions USD. a
Great-West Lifeco's Scope 1 Emissions Intensity Compared to Peers
How does Great-West Lifeco's GHG emissions intensity compare to its peers?
In 2024, Great-West Lifeco reported a Scope 1 emissions intensity of 0.49 tCO₂e per millions USD. Compared to the peer group median of 0.3 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Great-West Lifeco rank on GHG emissions intensity within its industry?
In 2024, Great-West Lifeco ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Great-West Lifeco is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Great-West Lifeco's Total Carbon Footprint
In 2024, Great-West Lifeco reported a total carbon footprint of 178,961 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.91% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Great-West Lifeco's total carbon footprint was Scope 3 emissions, accounting for 90.07% of the company's total carbon footprint, followed by Scope 2 emissions at 6.64%. a