Lincoln National Corp

Common Name
Lincoln National
Country
United States
Sector
Financial Services
Industry
Insurance - Life
Employees
9,783
Ticker
LNC
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Lincoln National Corporation is a prominent player in the financial services sector, primarily focused on insurance and related offerings. Best known for its life insurance products, the corporation a...

Lincoln National's GHG Emissions Data Preview

In 2024, Lincoln National 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).

Lincoln National has also provided a category-level breakdown for 7 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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0000000
Total Scope 2
Market-Based
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b
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b
0000000
Location-Based
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b
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b
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Lincoln National’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 Lincoln National’s data sources below and access millions more through our Disclosure Search.

a. Lincoln National's CDP Report sourced from company’s website 2025
a. Lincoln National's CDP Report sourced from company’s website 2025
b. Lincoln National's ESG Data Spreadsheet 2023
b. Lincoln National's ESG Data Spreadsheet 2023
c. Lincoln National's CSR Report 2019
c. Lincoln National's CSR Report 2019

Insights into Lincoln National's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Lincoln National amounted to 7,007 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 Lincoln National decreased by 14.26%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Lincoln National's Scope 1 Emissions Over Time

201820192020202120222023202409001.8 k2.7 k3.6 ktCO2e+9%-45%+9%+82%-18%-25%
  • Total Scope 1
  • Year-over-Year Change

What are Lincoln National's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Lincoln National were 2,137 metric tons of CO₂ equivalent (tCO₂e). a

Has Lincoln National reduced its Scope 1 emissions over time?

Since 2018, Lincoln National's Scope 1 emissions have decreased by 26.44%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Lincoln National's Scope 1 emissions decreased by 25.1%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Lincoln National's Scope 2 emissions?

In 2024, Lincoln National reported Scope 2 greenhouse gas (GHG) emissions of 4,673 tCO₂e using the market-based method and 4,870 tCO₂e using the location-based method. a

Has Lincoln National reduced its Scope 2 emissions over time?

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

What methodology does Lincoln National use for Scope 2 reporting?

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

Lincoln National's Scope 2 Emissions Over Time

201820192020202120222023202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Lincoln National's Value Chain Emissions

In 2024, Lincoln National reported 98,274.75 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 Lincoln National includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Lincoln National's Scope 3 Emissions Over Time

2018201920202021202220232024030 k60 k90 k120 ktCO2e-3%-48%+23%+286%+56%-8%
  • Total Scope 3
  • Year-over-Year Change

What are Lincoln National's Scope 3 emissions?

In 2024, Lincoln National reported total Scope 3 emissions of 98,274.75 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 Lincoln National reduced its Scope 3 emissions over time?

Since 2018, Lincoln National's Scope 3 emissions have increased by 240.09%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Lincoln National's Scope 3 emissions remained relatively stable, indicating that Lincoln National 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Lincoln National disclose?

In 2024, Lincoln National reported emissions for 7 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 Lincoln National's Scope 3 emissions?

In 2024, the largest contributors to Lincoln National's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 76,879.03 tCO₂e (78.23%)
  • Employee Commuting (Cat. 7): 7,800.16 tCO₂e (7.94%)
  • Business Travel (Cat. 6): 5,117.76 tCO₂e (5.21%)

Lincoln National's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(5.2%)Purchased Goods andServices (Cat. 1)(78.2%)Employee Commuting(Cat. 7)(7.9%)

Insights into Lincoln National’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Lincoln National reported Scope 1 greenhouse gas (GHG) emissions of 2,137 tCO₂e and total revenues of USD 17,988 millions. This translates into an emissions intensity of 0.12 tCO₂e per millions USD. a

Lincoln National's Scope 1 Emissions Intensity Compared to Peers

1005002,00020,000100,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)EHanover Insurance GroupYear: 2022Scope 1: 5,023 tCO2eRevenue: $M 5,433Scope 1 Intensity: 0.92 tCO2e/$MPrimericaYear: 2023Scope 1: 588 tCO2eRevenue: $M 2,816Scope 1 Intensity: 0.21 tCO2e/$MUnum GroupYear: 2023Scope 1: 5,823 tCO2eRevenue: $M 12,308Scope 1 Intensity: 0.47 tCO2e/$MPrudential FinancialYear: 2024Scope 1: 13,609 tCO2eRevenue: $M 70,659Scope 1 Intensity: 0.19 tCO2e/$MCNO Financial GroupYear: 2024Scope 1: 1,255 tCO2eRevenue: $M 4,446Scope 1 Intensity: 0.28 tCO2e/$MVoya FinancialYear: 2023Scope 1: 1,359 tCO2eRevenue: $M 7,213Scope 1 Intensity: 0.19 tCO2e/$MAlly FinancialYear: 2022Scope 1: 5,494 tCO2eRevenue: $M 9,240Scope 1 Intensity: 0.59 tCO2e/$MEEEquitable HoldingsYear: 2024Scope 1: 1,548 tCO2eRevenue: $M 12,434Scope 1 Intensity: 0.12 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MLPL Financial HoldingsYear: 2023Scope 1: 893 tCO2eRevenue: $M 10,056Scope 1 Intensity: 0.09 tCO2e/$MTruist FinancialYear: 2024Scope 1: 13,382 tCO2eRevenue: $M 13,278Scope 1 Intensity: 1.01 tCO2e/$MRaymond James FinancialYear: 2022Scope 1: 392 tCO2eRevenue: $M 10,859Scope 1 Intensity: 0.04 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MGenworth FinancialYear: 2023Scope 1: 659 tCO2eRevenue: $M 7,371Scope 1 Intensity: 0.09 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$MFirst American FinancialYear: 2023Scope 1: 1,015 tCO2eRevenue: $M 5,999Scope 1 Intensity: 0.17 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MPNC Financial Services GroupYear: 2022Scope 1: 32,100 tCO2eRevenue: $M 21,114Scope 1 Intensity: 1.52 tCO2e/$MAmerican International GroupYear: 2024Scope 1: 8,258 tCO2eRevenue: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MReinsurance Group of AmericaYear: 2024Scope 1: 422 tCO2eRevenue: $M 21,979Scope 1 Intensity: 0.02 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$M

How does Lincoln National's GHG emissions intensity compare to its peers?

In 2024, Lincoln National reported a Scope 1 emissions intensity of 0.12 tCO₂e per millions USD. Compared to the peer group median of 0.27 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Lincoln National rank on GHG emissions intensity within its industry?

In 2024, Lincoln National ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Lincoln National among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Lincoln National's Total Carbon Footprint

In 2024, Lincoln National reported a total carbon footprint of 105,281.75 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.44% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Lincoln National's total carbon footprint was Scope 3 emissions, accounting for 93.34% of the company's total carbon footprint, followed by Scope 2 emissions at 4.63%. a

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