Definity Financial
Definity Financial Corporation, headquartered in California, is a prominent player in the financial services industry, specialising in insurance and investment solutions. Founded in 2020, the company has quickly established itself as a trusted provider, focusing on innovative products that cater to the evolving needs of its clients. With a strong presence across major operational regions in North America, Definity Financial offers a diverse range of services, including property and casualty insurance, life insurance, and investment management. What sets them apart is their commitment to leveraging technology to enhance customer experience and streamline operations. Recognised for its rapid growth and customer-centric approach, Definity Financial continues to solidify its market position, aiming to redefine the standards of financial services in the industry.
DitchCarbon Score
How does Definity Financial's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Definity Financial's score of 76 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Definity Financial's reported carbon emissions
In 2024, Definity Financial reported total carbon emissions of approximately 25,363,000 kg CO2e. This figure includes Scope 1 emissions of about 1,266,000 kg CO2e, primarily from mobile and stationary combustion, and Scope 2 emissions of approximately 919,000 kg CO2e, which encompasses purchased electricity and steam. Notably, Scope 3 emissions were significant, amounting to around 23,178,000 kg CO2e, with the largest contributions from purchased goods and services (about 18,795,000 kg CO2e) and investments (approximately 753,606,000 kg CO2e). Definity Financial has set ambitious reduction targets, aiming for a 30% reduction in both Scope 1 and 2 emissions, as well as Scope 3 financed emissions intensity associated with listed equity and corporate bonds by 2025. Furthermore, they have committed to a 50% reduction in Scope 1 and 2 emissions by 2030, and a 65% reduction in Scope 3 emissions by the same year. Long-term goals include achieving a 70% reduction in Scope 1 and 2 emissions by 2035, and an 85% reduction in Scope 3 emissions by 2035. Additionally, Definity has pledged to reach net-zero emissions across its operations and investment portfolios by 2040 or sooner. Definity Financial's climate commitments are aligned with the Science Based Targets initiative (SBTi), where they are committed to achieving net-zero emissions by 2050 across all scopes. This commitment reflects their proactive approach to addressing climate change and reducing their carbon footprint in the financial sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,820,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 426,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 78,449,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Definity Financial is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
