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iA Financial Corporation Inc

Common Name
iA Financial
Country
Canada
Sector
Financial Services
Industry
Insurance - Diversified
Employees
10,347
Ticker
IAG
Exchange
TMX Group Inc.
Website
ia.ca
Description
IA Financial Corporation Inc. is a prominent player in the insurance and financial services industry. It is primarily engaged in offering a comprehensive range of insurance products, including life an...

iA Financial's GHG Emissions Data Preview

In 2024, iA 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).

iA Financial 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)2024202320222021-2019
Total Scope 1
6,757a
6,918a
7,401a
Total Scope 2
Location-Based
3,279a
3,232a
3,317a
Total Scope 3
1,018,348a
866,215a
1,098,063a
Total Scope 1 Revenue Intensity (tCO2e/$M)
1.226a
0.9201a
N/A
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Verified Sources Behind iA Financial’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.

a. iA Financial's Sustainability Report 2024
b. iA Financial's Sustainability Report 2023

Insights into iA Financial's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of iA Financial amounted to 10,036 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 iA Financial decreased by 1.12%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

iA Financial's Scope 1 Emissions Over Time

20192020202120222023202403 k6 k9 k12 ktCO2e-3%+148%-29%-7%-2%
  • Total Scope 1
  • Year-over-Year Change

What are iA Financial's Scope 1 emissions?

In 2024, the total Scope 1 emissions of iA Financial were 6,757 metric tons of CO₂ equivalent (tCO₂e).a

Has iA Financial reduced its Scope 1 emissions over time?

Since 2019, iA Financial's Scope 1 emissions have increased by 56.34%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2023), iA Financial's Scope 1 emissions decreased by 2.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are iA Financial's Scope 2 emissions?

In 2024, iA Financial reported Scope 2 greenhouse gas (GHG) emissions of 3,279 tCO₂e using the location-based method.a

Has iA Financial reduced its Scope 2 emissions over time?

Since 2019, iA Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 4,722.06%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

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

What methodology does iA Financial use for Scope 2 reporting?

In 2024, iA Financial reported its Scope 2 emissions using the location-based method.a

iA Financial's Scope 2 Emissions Over Time

20192020202120222023202409501.9 k2.85 k3.8 ktCO2e
  • Total Scope 2 Location-Based

Insights into iA Financial's Value Chain Emissions

In 2024, iA Financial reported 1,018,348 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 iA Financial 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

iA Financial's Scope 3 Emissions Over Time

2019202020212022202320240300 k600 k900 k1.2 MtCO2e-79%-26%+104081%-21%+18%
  • Total Scope 3
  • Year-over-Year Change

What are iA Financial's Scope 3 emissions?

In 2024, iA Financial reported total Scope 3 emissions of 1,018,348 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 1.15% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.85% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has iA Financial reduced its Scope 3 emissions over time?

Since 2019, iA Financial's Scope 3 emissions have increased by 14,690.82%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), iA Financial's Scope 3 emissions increased by 17.56%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does iA Financial disclose?

In 2024, iA Financial 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 iA Financial's Scope 3 emissions?

In 2024, the largest contributors to iA Financial's Scope 3 emissions were:a

  • Investments (Cat. 15): 1,006,657 tCO₂e (98.85%)
  • Business Travel (Cat. 6): 4,622 tCO₂e (0.45%)
  • Employee Commuting (Cat. 7): 3,639 tCO₂e (0.36%)

iA Financial's Scope 3 Emissions by Categories

Investments(Cat. 15)(98.9%)

Insights into iA Financial’s GHG Emissions Intensity Compared to Industry Peers

In 2024, iA Financial reported Scope 1 greenhouse gas (GHG) emissions of 6,757 tCO₂e and total revenues of USD 5,511 millions. This translates into an emissions intensity of 1.23 tCO₂e per millions USD.a

iA Financial's Scope 1 Emissions Intensity Compared to Peers

2050020,000500,00020,000,000Scope 1 Emissions (tCO2e)1001,0005,00050,000500,000Revenues (Millions of USD)Swiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 20,527Scope 1 Intensity: 0.28 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MHartford Insurance GroupYear: 2024Scope 1: 5,981 tCO2eRevenue: $M 26,383Scope 1 Intensity: 0.23 tCO2e/$MAmerican International GroupYear: 2024Scope 1: 8,258 tCO2eRevenue: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MAssicurazioni GeneraliYear: 2025Scope 1: 58,719 tCO2eRevenue: $M 87,159Scope 1 Intensity: 0.67 tCO2e/$MAXAYear: 2024Scope 1: 21,054 tCO2eRevenue: $M 107,473Scope 1 Intensity: 0.20 tCO2e/$MZurich Insurance GroupYear: 2023Scope 1: 17,865 tCO2eRevenue: $M 60,091Scope 1 Intensity: 0.30 tCO2e/$MAllianzYear: 2024Scope 1: 53,885 tCO2eRevenue: $M 142,476Scope 1 Intensity: 0.38 tCO2e/$MVienna Insurance GroupYear: 2024Scope 1: 18,538 tCO2eRevenue: $M 13,454Scope 1 Intensity: 1.38 tCO2e/$MICICI LombardYear: 2025Scope 1: 1,425 tCO2eRevenue: $M 2,809Scope 1 Intensity: 0.51 tCO2e/$MCaixa Seguridade ParticipacoesYear: 2022Scope 1: 48 tCO2eRevenue: $M 319Scope 1 Intensity: 0.15 tCO2e/$MBB Seguridade ParticipacoesYear: 2023Scope 1: 209 tCO2eRevenue: $M 1,045Scope 1 Intensity: 0.20 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MMapfreYear: 2024Scope 1: 10,192 tCO2eRevenue: $M 26,885Scope 1 Intensity: 0.38 tCO2e/$MASR Nederland NVYear: 2024Scope 1: 1,888 tCO2eRevenue: $M 21,676Scope 1 Intensity: 0.09 tCO2e/$MAgeasYear: 2024Scope 1: 16,238 tCO2eRevenue: $M 8,988Scope 1 Intensity: 1.81 tCO2e/$MNew India AssuranceYear: 2025Scope 1: 2,669 tCO2eRevenue: $M 5,157Scope 1 Intensity: 0.52 tCO2e/$MUniqa Insurance GroupYear: 2024Scope 1: 21,435 tCO2eRevenue: $M 5,934Scope 1 Intensity: 3.61 tCO2e/$MGrupo Catalana OccidenteYear: 2024Scope 1: 19,054 tCO2eRevenue: $M 2,587Scope 1 Intensity: 7.36 tCO2e/$MPorto SeguroYear: 2024Scope 1: 1,683 tCO2eRevenue: $M 5,912Scope 1 Intensity: 0.28 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MHarelYear: 2022Scope 1: 4,260,000 tCO2eRevenue: $M 3,599Scope 1 Intensity: 1,183.55 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MSun Life FinancialYear: 2024Scope 1: 45,601 tCO2eRevenue: $M 23,972Scope 1 Intensity: 1.90 tCO2e/$MiA FinancialYear: 2024Scope 1: 6,757 tCO2eRevenue: $M 5,511Scope 1 Intensity: 1.23 tCO2e/$M

How does iA Financial's GHG emissions intensity compare to its peers?

In 2024, iA Financial reported a Scope 1 emissions intensity of 1.23 tCO₂e per millions USD. Compared to the peer group median of 0.38, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does iA Financial rank on GHG emissions intensity within its industry?

In 2024, iA Financial ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

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

Insights into iA Financial's Total Carbon Footprint

In 2024, iA Financial reported a total carbon footprint of 1,028,384 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.35% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to iA Financial's total carbon footprint was Scope 3 emissions, accounting for 99.02% of the company's total carbon footprint, followed by Scope 1 emissions at 0.66%.a

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