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 GHG Emissions Data Preview

In 2024, Intact 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).

Intact Financial has also provided a category-level breakdown for 3 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
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Intact 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. Explore Intact Financial’s data sources below and access millions more through our Disclosure Search.

a. Intact Financial's ESG Report 2024
a. Intact Financial's ESG Report 2024

Insights into Intact Financial's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Intact Financial amounted to 18,071 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 Intact Financial increased by 1.42%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Intact Financial's Scope 1 Emissions Over Time

20192020202120222023202404 k8 k12 k16 ktCO2e+37%+6%-41%-11%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Intact Financial's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Intact Financial were 8,150 metric tons of CO₂ equivalent (tCO₂e). a

Has Intact Financial reduced its Scope 1 emissions over time?

Since 2019, Intact Financial's Scope 1 emissions have decreased by 25.5%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Intact Financial's Scope 1 emissions decreased by 2.13%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Intact Financial's Scope 2 emissions?

In 2024, Intact Financial reported Scope 2 greenhouse gas (GHG) emissions of 8,689 tCO₂e using the market-based method and 9,921 tCO₂e using the location-based method. a

Has Intact Financial reduced its Scope 2 emissions over time?

Since 2019, Intact Financial's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 24.51%, reflecting a declining long-term trend in Scope 2 emissions over time. a

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

What methodology does Intact Financial use for Scope 2 reporting?

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

Intact Financial's Scope 2 Emissions Over Time

20192020202120222023202403.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Intact Financial's Value Chain Emissions

In 2024, Intact Financial reported 1,562,937 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 Intact Financial includes a breakdown across 2 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

Intact Financial's Scope 3 Emissions Over Time

2019202020212022202320240400 k800 k1.2 M1.6 MtCO2e-15%+7%+17%-6%+105%
  • Total Scope 3
  • Year-over-Year Change

What are Intact Financial's Scope 3 emissions?

In 2024, Intact Financial reported total Scope 3 emissions of 1,562,937 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.75% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.25% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Intact Financial reduced its Scope 3 emissions over time?

Since 2019, Intact Financial's Scope 3 emissions have increased by 107.1%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Intact Financial's Scope 3 emissions increased by 105.36%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Intact Financial disclose?

In 2024, Intact Financial reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Intact Financial's Scope 3 emissions?

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

  • Investments (Cat. 15): 1,551,249 tCO₂e (99.25%)
  • Business Travel (Cat. 6): 11,688 tCO₂e (0.75%)

Intact Financial's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.3%)

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

In 2024, Intact Financial reported Scope 1 greenhouse gas (GHG) emissions of 8,150 tCO₂e and total revenues of USD 16,505 millions. This translates into an emissions intensity of 0.49 tCO₂e per millions USD. a

Intact Financial's Scope 1 Emissions Intensity Compared to Peers

202002,00010,000100,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)PQPSPPPICCYear: 2024Scope 1: 650 tCO2eRevenue: $M 82,248Scope 1 Intensity: 0.01 tCO2e/$MHanover Insurance GroupYear: 2022Scope 1: 5,023 tCO2eRevenue: $M 5,433Scope 1 Intensity: 0.92 tCO2e/$MAllstateYear: 2024Scope 1: 17,485 tCO2eRevenue: $M 64,118Scope 1 Intensity: 0.27 tCO2e/$MSuncorp GroupYear: 2025Scope 1: 2,531 tCO2eRevenue: $M 10,152Scope 1 Intensity: 0.25 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MQQQualitas ControladoraYear: 2024Scope 1: 14,538 tCO2eRevenue: $M 3,544Scope 1 Intensity: 4.10 tCO2e/$MZhongAnYear: 2023Scope 1: 58 tCO2eRevenue: $M 4,501Scope 1 Intensity: 0.01 tCO2e/$MHartford Insurance GroupYear: 2023Scope 1: 6,767 tCO2eRevenue: $M 24,333Scope 1 Intensity: 0.28 tCO2e/$MSamsung Fire & Marine InsuranceYear: 2024Scope 1: 5,794 tCO2eRevenue: $M 12,881Scope 1 Intensity: 0.45 tCO2e/$MRLIYear: 2023Scope 1: 304 tCO2eRevenue: $M 1,524Scope 1 Intensity: 0.20 tCO2e/$MPPPICC Property and CasualtyYear: 2024Scope 1: 182 tCO2eRevenue: $M 72,932Scope 1 Intensity: 0.00 tCO2e/$MTokio Marine HoldingsYear: 2024Scope 1: 12,517 tCO2eRevenue: $M 46,758Scope 1 Intensity: 0.27 tCO2e/$MSSSunshine Insurance GroupYear: 2024Scope 1: 13,093 tCO2eRevenue: $M 11,219Scope 1 Intensity: 1.17 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MCincinnati FinancialYear: 2023Scope 1: 14,066 tCO2eRevenue: $M 10,013Scope 1 Intensity: 1.40 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MDefinity FinancialYear: 2024Scope 1: 1,266 tCO2eRevenue: $M 3,133Scope 1 Intensity: 0.40 tCO2e/$MInsurance Australia GroupYear: 2025Scope 1: 6,770 tCO2eRevenue: $M 9,717Scope 1 Intensity: 0.70 tCO2e/$MHiscoxYear: 2024Scope 1: 549 tCO2eRevenue: $M 3,675Scope 1 Intensity: 0.15 tCO2e/$MMS&AD Insurance Group HoldingsYear: 2024Scope 1: 14,370 tCO2eRevenue: $M 41,858Scope 1 Intensity: 0.34 tCO2e/$MChubbYear: 2023Scope 1: 23,017 tCO2eRevenue: $M 49,831Scope 1 Intensity: 0.46 tCO2e/$MProgressiveYear: 2023Scope 1: 31,662 tCO2eRevenue: $M 62,082Scope 1 Intensity: 0.51 tCO2e/$MIntact FinancialYear: 2024Scope 1: 8,150 tCO2eRevenue: $M 16,505Scope 1 Intensity: 0.49 tCO2e/$M

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

In 2024, Intact Financial reported a Scope 1 emissions intensity of 0.49 tCO₂e per millions USD. Compared to the peer group median of 0.41 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

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

In 2024, Intact Financial ranked 15 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Intact Financial's Total Carbon Footprint

In 2024, Intact Financial reported a total carbon footprint of 1,581,008 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 102.98% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Intact Financial's total carbon footprint was Scope 3 emissions, accounting for 98.86% of the company's total carbon footprint, followed by Scope 2 emissions at 0.63%. a

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