iA Financial Corporation Inc

Common Name
iA Financial
Country
Canada
Sector
Financial Services
Industry
Insurance - Diversified
Employees
N/A
Ticker
IAG
Exchange
TORONTO STOCK EXCHANGE
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 2023, 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 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into iA Financial's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of iA Financial amounted to 10,655 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of iA Financial decreased by 3.36%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

iA Financial's Scope 1 Emissions Over Time

2019202020212022202303 k6 k9 k12 ktCO2e-3%+148%-26%-2%
  • Total Scope 1
  • Year-over-Year Change

What are iA Financial's Scope 1 emissions?

In 2023, the total Scope 1 emissions of iA Financial were 7,484 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has iA Financial reduced its Scope 1 emissions over time?

Since 2019, iA Financial's Scope 1 emissions have increased by 73.16%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), iA Financial's Scope 1 emissions decreased by 2.16%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are iA Financial's Scope 2 emissions?

In 2023, iA Financial reported Scope 2 greenhouse gas (GHG) emissions of 3,171 tCOâ‚‚e using the location-based method.

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 4,563.24%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), 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.

What methodology does iA Financial use for Scope 2 reporting?

In 2023, iA Financial reported its Scope 2 emissions using the location-based method.

iA Financial's Scope 2 Emissions Over Time

2019202020212022202309501.9 k2.85 k3.8 ktCO2e
  • Total Scope 2 Location-Based

Insights into iA Financial's Value Chain Emissions

In 2023, iA Financial reported 397,183 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

iA Financial's Scope 3 Emissions Over Time

201920202021202220230150 k300 k450 k600 ktCO2e-79%-26%+44656%-16%
  • Total Scope 3
  • Year-over-Year Change

What are iA Financial's Scope 3 emissions?

In 2023, iA Financial reported total Scope 3 emissions of 397,183 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 1.9% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.1% came from downstream activities like product use, distribution, and end-of-life treatment.

Has iA Financial reduced its Scope 3 emissions over time?

Since 2019, iA Financial's Scope 3 emissions have increased by 5,668.82%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), iA Financial's Scope 3 emissions decreased by 15.8%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does iA Financial disclose?

In 2023, iA Financial reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to iA Financial's Scope 3 emissions were:

  • Investments (Cat. 15): 389,617 tCOâ‚‚e (98.1%)
  • Upstream Leased Assets (Cat. 8): 3,213 tCOâ‚‚e (0.81%)
  • Business Travel (Cat. 6): 3,075 tCOâ‚‚e (0.77%)

iA Financial's Scope 3 Emissions by Categories

Investments(Cat. 15)(98.1%)

Insights into iA Financial's Total Carbon Footprint

In 2023, iA Financial reported a total carbon footprint of 407,838 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.52% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to iA Financial's total carbon footprint was Scope 3 emissions, accounting for 97.39% of the company's total carbon footprint, followed by Scope 1 emissions at 1.84%.

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