- Increasing frequency and severity of extreme weather events impacting claims and operations
- Transition risks associated with a low-carbon economy
- Maintaining competitive pricing and coverage options in a changing market
- Managing climate-related risks in investment portfolio
Definity Financial Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Definity Financial Corporation disclosed greenhouse gas emissions of 30.8K tCO2e (net of reductions from GNG and RECs). By scope: Scope 1: 1.7K tCO2e; Scope 2: 177 tCO2e (market-based); Scope 3: 29.6K tCO2e (excluding investments). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
30.8K tCO2e (net of reductions from GNG and RECs)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.7K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 177 tCO2e (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 29.6K tCO2e (excluding investments) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 greenhouse gas emissions by approximately 25% relative to 2019 baseline levels
- Launched Sonnet Shift, a usage-based insurance product incentivizing less driving
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 emissions by 30% by 2025
- Reduce Scope 3 (investments) emissions intensity by 30% by 2025
📅 Medium-term
- Reduce Scope 1 and 2 emissions by 50% by 2030
- Reduce Scope 3 (investments) emissions intensity by 65% by 2030
🔭 Long-term
- Achieve net-zero emissions in operations and investment portfolio by 2040 or sooner
🌱 ESG Focus Areas
Climate ChangeWorkforce Diversity & InclusionBusiness EthicsCommunity InvestmentResponsible Investment