Intact Financial Corp

Common Name
Intact Financial
Country
Canada
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
31,000
Ticker
IFC
Exchange
TORONTO STOCK EXCHANGE
Description
Intact Financial Corporation is a leading provider of property and casualty insurance, primarily serving the Canadian market but with expanding operations in North America. The corporation's primary f...

Intact Financial's Climate Target Data Preview

As of 2024, Intact Financial has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Intact Financial ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Intensity-based Target
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Weighted Average Carbon Intensity / Portfolio Companies (WACI)
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Intact Financial’s Climate Targets Data

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a. Intact Financial's ESG Report 2024
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Insights into Intact Financial's Greenhouse Gas Emissions Pathways

As of 2024, Intact Financial has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations. a

Does Intact Financial have a target to reduce the emissions from its value chain?

As of 2024, Intact Financial has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Intact Financial's most ambitious value chain target is to reduce these emissions by 40% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Weighted Average Carbon Intensity / Portfolio Companies (WACI) in 2019. a

As of 2024, Intact Financial is ahead of schedule on its value chain emissions reduction target, having achieved 91.1% of the planned reduction. a

Intact Financial's Value Chain (Scope 3) Emissions Pathway

20192024203000000BaselineCurrent (-36%)

Does Intact Financial have a target to reduce its total carbon footprint?

As of 2024, Intact Financial has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources. a

Intact Financial's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 37,989 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 50% by 2030. a

As of 2024, Intact Financial is on track to meet its total carbon footprint reduction target, having achieved 47% of the planned reduction. a

Intact Financial's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20192024203009.5 k19 k28.5 k38 kBaselineCurrent (-23%)Target 2030 (-50%)
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