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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 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)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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Verified Sources Behind Unum Group’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 Unum Group’s data sources below and access millions more through our Disclosure Search.

a. Unum Group's Sustainability Report 2024
a. Unum Group's Sustainability Report 2024
b. Unum Group's Sustainability Report 2023
b. Unum Group's Sustainability Report 2023

Insights into Unum Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofUnum Group amounted to15,684metric 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 Groupincreased by 8.05%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Unum Group's Scope 1 Emissions Over Time

20192020202120222023202402.5 k5 k7.5 k10 ktCO2e-20%+50%-22%-7%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Unum Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Unum Group were 5,634 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Unum Group reduced its Scope 1 emissions over time?

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

What are Unum Group's Scope 2 emissions?

In 2024, Unum Group reported Scope 2 greenhouse gas (GHG) emissions of 9,933 tCOâ‚‚e using the market-based method and 10,050 tCOâ‚‚e using the location-based method.a

Has Unum Group reduced its Scope 2 emissions over time?

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

What methodology does Unum Group use for Scope 2 reporting?

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

Unum Group's Scope 2 Emissions Over Time

20192020202120222023202405.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Unum Group's Value Chain Emissions

In 2024, Unum Group reported 18,651 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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 5of 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

Unum Group's Scope 3 Emissions Over Time

20192020202120222023202408.5 k17 k25.5 k34 ktCO2e-69%+9%+69%+8%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Unum Group's Scope 3 emissions?

In 2024, Unum Group reported total Scope 3 emissions of 18,651 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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

Has Unum Group reduced its Scope 3 emissions over time?

Since 2019, Unum Group's Scope 3 emissionshave 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

What categories of Scope 3 emissions does Unum Group disclose?

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.

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

In 2024, the largest contributors to Unum Group's Scope 3 emissions were:a

  • Employee Commuting (Cat. 7): 5,526 tCOâ‚‚e(29.63%)
  • Downstream Leased Assets (Cat. 13): 5,023 tCOâ‚‚e(26.93%)
  • Business Travel (Cat. 6): 4,700 tCOâ‚‚e(25.2%)

Unum Group's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(26.9%)Employee Commuting(Cat. 7)(29.6%)Business Travel(Cat. 6)(25.2%)

Insights into Unum Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Unum Group reported Scope 1 greenhouse gas (GHG) emissions of 5,634 tCOâ‚‚e and total revenues of USD 12,790 millions. This translates into an emissions intensity of 0.44 tCOâ‚‚e per millions USD.a

Unum Group's Scope 1 Emissions Intensity Compared to Peers

1005002,00010,00050,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)Hanover Insurance GroupYear: 2024Scope 1: 4,589 tCO2eRevenue: $M 6,216Scope 1 Intensity: 0.74 tCO2e/$MPrimericaYear: 2024Scope 1: 584 tCO2eRevenue: $M 3,090Scope 1 Intensity: 0.19 tCO2e/$MInvescoYear: 2024Scope 1: 585 tCO2eRevenue: $M 6,068Scope 1 Intensity: 0.10 tCO2e/$MFranklin ResourcesYear: 2024Scope 1: 13,138 tCO2eRevenue: $M 8,478Scope 1 Intensity: 1.55 tCO2e/$MPrudential FinancialYear: 2024Scope 1: 13,609 tCO2eRevenue: $M 70,659Scope 1 Intensity: 0.19 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MCNO Financial GroupYear: 2024Scope 1: 1,255 tCO2eRevenue: $M 4,446Scope 1 Intensity: 0.28 tCO2e/$MHartford Insurance GroupYear: 2024Scope 1: 5,981 tCO2eRevenue: $M 26,383Scope 1 Intensity: 0.23 tCO2e/$MCsg Systems InternationalYear: 2021Scope 1: 573 tCO2eRevenue: $M 1,047Scope 1 Intensity: 0.55 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MLPL Financial HoldingsYear: 2023Scope 1: 893 tCO2eRevenue: $M 10,056Scope 1 Intensity: 0.09 tCO2e/$MKKR & CoYear: 2024Scope 1: 1,860 tCO2eRevenue: $M 21,628Scope 1 Intensity: 0.09 tCO2e/$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: 2024Scope 1: 542 tCO2eRevenue: $M 7,141Scope 1 Intensity: 0.08 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MState StreetYear: 2024Scope 1: 4,813 tCO2eRevenue: $M 12,917Scope 1 Intensity: 0.37 tCO2e/$MReinsurance Group of AmericaYear: 2024Scope 1: 422 tCO2eRevenue: $M 21,979Scope 1 Intensity: 0.02 tCO2e/$MUnum GroupYear: 2024Scope 1: 5,634 tCO2eRevenue: $M 12,790Scope 1 Intensity: 0.44 tCO2e/$M

How does Unum Group's GHG emissions intensity compare to its peers?

In 2024, Unum Group reported a Scope 1 emissions intensity of 0.44 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.19, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Unum Group rank on GHG emissions intensity within its industry?

In 2024, Unum Group ranked 16 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

Insights into Unum Group's Total Carbon Footprint

In 2024, Unum Group reported a total carbon footprint of 34,335 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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

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