Definity Financial Reports Emission Progress - Smart Energy Decisions

Energy Efficiency, GHG Emissions  -  May 18, 2022

Definity Financial Reports Emissions Reduction Progress

Definity Financial Corporation committed to achieve net zero emissions from both its operations and its investment portfolio by 2040 or sooner and to the Science-Based Targets initiative.

The property and casualty insurance company achieved a 17% reduction in Scope 1 and 2 GHG emissions from 2020 levels and a 31% reduction from pre-pandemic 2019 levels. Definity Financial also invested $1.6 million in energy-efficiency focused office retrofits in 2021 and over $4.6 million since 2019 and supported the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), pledging to disclosure concerning Definity’s governance, risk management, strategy, and metrics and targets related to the risks and opportunities presented by the changing climate.

“Our purpose is building a better world by helping our customers and communities adapt and thrive. This is an ongoing reminder of our responsibility to be a positive force for all of our stakeholders,” said Rowan Saunders, President and CEO at Definity in a statement as part of its 2021 ESG report. “In an age of increasingly complex and interconnected challenges, we are building on our long-standing efforts to create positive impacts for our people, our communities and our environment. When it comes to our commitment to fulfilling our purpose, our ambition, and our promise of making insurance better, the good work highlighted in these reports represents an important step in the right direction.”

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