- Climate Change Risk (physical and transition risks)
- Data Privacy and Cybersecurity
New York Life Insurance Company
Greenhouse gas emissions & sustainability report data
In its 2020-2021 reporting, New York Life Insurance Company disclosed greenhouse gas emissions of 93.9K tCO2e/year (2021). By scope: Scope 1: 445 tCO2e/year (2021); Scope 2: 90.9K tCO2e/year (2021); Scope 3: 2.5K tCO2e/year (2021). 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
93.9K tCO2e/year (2021)
2020-2021
Water Usage
570 million gallons (2021)
2020-2021
Energy Use
66.0K MWh/year (2021)
2020-2021
📊 Emissions by Scope (2020-2021)
| 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). | 445 tCO2e/year (2021) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 90.9K tCO2e/year (2021) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.5K tCO2e/year (2021) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced our carbon footprint by 11.8% over a 2019 baseline
🎯 Climate & Sustainability Targets
🔜 Short-term
- Provide 500,000 volunteer hours for our local communities by 2025
- Invest $15 million in organizations and programs focused on social justice and racial equity through the New York Life Foundation by 2025
- Create 50 opportunities to match diverse vendors with New York Life executive and appointive officer stakeholders to support targeted service needs over the next three years
📅 Medium-term
- Develop carbon reduction targets for our operations
- Disclose more information on our physical and transition risks associated with climate change
- Enhance our supply chain program to better understand our environmental and social impacts
🌱 ESG Focus Areas
Our PeopleOur CommunitiesOur Policy Owners & ClientsOur Approach to Responsible Investing, Impact, and InnovationOur EnvironmentOur Governance