Genworth Financial
Genworth Financial, Inc., a prominent player in the insurance and financial services industry, is headquartered in the United States. Founded in 1871, the company has established itself as a leader in mortgage insurance, long-term care insurance, and life insurance, catering to a diverse clientele across North America and beyond. With a commitment to providing innovative solutions, Genworth offers unique products designed to meet the evolving needs of its customers, including comprehensive long-term care planning services. The company has achieved significant milestones, including its successful public listing and expansion into various markets, solidifying its position as a trusted provider in the financial services sector. Genworth's dedication to customer service and financial security continues to set it apart in a competitive landscape.
DitchCarbon Score
How does Genworth 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
Genworth Financial's score of 51 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genworth Financial's reported carbon emissions
In 2024, Genworth Financial reported total carbon emissions of approximately 5,615,000 kg CO2e, comprising 542,000 kg CO2e from Scope 1 and 5,073,000 kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where total emissions were about 7,541,000 kg CO2e, with Scope 1 emissions at 659,000 kg CO2e and Scope 2 emissions at 6,882,000 kg CO2e. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions, with this target initiated in 2023. Additionally, Genworth Financial has established an Energy Transition Fund in 2023, designed to invest in high-quality assets and businesses that facilitate the transition to a net-zero economy, targeting both Scope 1 and Scope 2 emissions reductions by 2025. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations and energy use. Overall, Genworth Financial is actively working towards significant emissions reductions and has laid out a clear pathway to achieving its long-term climate goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 532,460 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,775,370 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
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.
Genworth Financial is not participating in any 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.
