In 2024, 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 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 5,634a | 5,823a | 6,273a | |
Total Scope 2 | ||||
Market-Based | 9,933a | 7,702a | 7,529a | |
Location-Based | 10,050a | 8,693a | 8,576a | |
Total Scope 3 | 18,651a | 20,540a | 19,041a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4405a | 0.4731a | 0.5283a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Unum Group amounted to 15,684 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 Unum Group increased by 8.05%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Unum Group were 5,634 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Unum Group's Scope 1 emissions have decreased by 15.73%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Unum Group's Scope 1 emissions decreased by 3.25%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Unum Group reported Scope 2 greenhouse gas (GHG) emissions of 9,933 tCO₂e using the market-based method and 10,050 tCO₂e using the location-based method.a
Since 2019, Unum Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 50.59%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Unum Group's Scope 2 emissions (Location-Based) rose by 15.61% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Unum Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Unum Group reported 18,651 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 Unum Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Unum Group reported total Scope 3 emissions of 18,651 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 73.07% of these emissions originated from upstream activities such as purchased goods and capital goods, while 26.93% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Unum Group's Scope 3 emissions have decreased by 44.31%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), 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.a
In 2024, Unum Group reported emissions for 5 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.
In 2024, the largest contributors to Unum Group's Scope 3 emissions were:a
In 2024, Unum Group reported Scope 1 greenhouse gas (GHG) emissions of 5,634 tCO₂e and total revenues of USD 12,790 millions. This translates into an emissions intensity of 0.44 tCO₂e per millions USD.a
In 2024, Unum Group reported a Scope 1 emissions intensity of 0.44 tCO₂e per millions USD. Compared to the peer group median of 0.24, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Unum Group ranked 19 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Unum Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Unum Group reported a total carbon footprint of 34,335 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.06% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Unum Group's total carbon footprint was Scope 3 emissions, accounting for 54.32% of the company's total carbon footprint, followed by Scope 2 emissions at 29.27%.a