Unum Group

Country
United States
Sector
Financial Services
Industry
Insurance - Life
Employees
10,833
Ticker
UNM
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Unum Group is a leading insurance company specializing in financial protection benefits. Its primary function is to offer products and services such as disability, life, accident, critical illness, an...

Unum Group's GHG Emissions Data Preview

In 2023, Unum Group 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).

Unum Group has also provided a category-level breakdown for 4 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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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 Unum Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Unum Group amounted to 14,516 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 Unum Group decreased by 2.24%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Unum Group's Scope 1 Emissions Over Time

20182019202020212022202302.5 k5 k7.5 k10 ktCO2e-13%-20%+50%-22%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Unum Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Unum Group were 5,823 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Unum Group reduced its Scope 1 emissions over time?

Since 2018, Unum Group's Scope 1 emissions have decreased by 24.56%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Unum Group's Scope 1 emissions decreased by 7.17%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Unum Group's Scope 2 emissions?

In 2023, Unum Group reported Scope 2 greenhouse gas (GHG) emissions of 7,702 tCOâ‚‚e using the market-based method and 8,693 tCOâ‚‚e using the location-based method.

Has Unum Group reduced its Scope 2 emissions over time?

Since 2018, Unum Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 61.23%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Unum Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Unum Group 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Unum Group use for Scope 2 reporting?

In 2023, Unum Group reported its Scope 2 emissions using the market-based method and using the location-based method.

Unum Group's Scope 2 Emissions Over Time

20182019202020212022202306 k12 k18 k24 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Unum Group's Value Chain Emissions

In 2023, Unum Group reported 20,540 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 Unum Group includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Unum Group's Scope 3 Emissions Over Time

20182019202020212022202308.5 k17 k25.5 k34 ktCO2e-1%-69%+9%+69%+8%
  • Total Scope 3
  • Year-over-Year Change

What are Unum Group's Scope 3 emissions?

In 2023, Unum Group reported total Scope 3 emissions of 20,540 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 72.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 27.9% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Unum Group reduced its Scope 3 emissions over time?

Since 2018, Unum Group's Scope 3 emissions have decreased by 39.29%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Unum Group's Scope 3 emissions remained relatively stable, indicating that Unum Group 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Unum Group disclose?

In 2023, Unum Group reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

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

What are the main sources of Unum Group's Scope 3 emissions?

In 2023, the largest contributors to Unum Group's Scope 3 emissions were:

  • Employee Commuting (Cat. 7): 8,322 tCOâ‚‚e (37.91%)
  • Business Travel (Cat. 6): 7,200 tCOâ‚‚e (32.8%)
  • Downstream Leased Assets (Cat. 13): 6,126 tCOâ‚‚e (27.9%)

Unum Group's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(32.8%)Employee Commuting(Cat. 7)(37.9%)Downstream LeasedAssets (Cat. 13)(27.9%)

Insights into Unum Group's Total Carbon Footprint

In 2023, Unum Group reported a total carbon footprint of 35,056 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.44% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Unum Group's total carbon footprint was Scope 3 emissions, accounting for 58.59% of the company's total carbon footprint, followed by Scope 2 emissions at 24.8%.

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