Power Financial Corporation
Power Financial Corporation, headquartered in California, is a prominent player in the financial services industry, specialising in investment management and financial planning. Founded in 1995, the company has established itself as a trusted partner for individuals and businesses seeking tailored financial solutions across major operational regions in the United States. With a diverse portfolio of core services, including wealth management, retirement planning, and asset allocation, Power Financial Corporation distinguishes itself through its client-centric approach and innovative strategies. The firm has achieved significant milestones, positioning itself as a leader in the market, recognised for its commitment to excellence and customer satisfaction. As a result, Power Financial Corporation continues to empower clients to achieve their financial goals with confidence.
DitchCarbon Score
How does Power Financial Corporation'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
Power Financial Corporation's score of 27 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Power Financial Corporation's reported carbon emissions
In 2021, Power Financial Corporation reported significant carbon emissions, totalling approximately 34,241,835,000 kg CO2e across all scopes. This includes about 34,241,835,000 kg CO2e from Scope 1 emissions, 4,000 kg CO2e from Scope 2, and approximately 46,536,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions breakdown indicates that business travel accounted for about 82,000 kg CO2e, while purchased goods and services contributed approximately 41,822,000 kg CO2e. Comparatively, in 2020, the corporation's emissions were approximately 724,781,000 kg CO2e for Scope 1, 2,000 kg CO2e for Scope 2, and around 46,619,000 kg CO2e for Scope 3. This reflects a substantial increase in Scope 1 emissions from 2020 to 2021, indicating a need for enhanced climate strategies. Despite the high emissions figures, there are currently no publicly disclosed reduction targets or climate pledges from Power Financial Corporation. The absence of specific reduction initiatives suggests that the company may need to develop a more robust climate commitment framework to align with industry standards and expectations for sustainability.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 2,313,000 | 000,000,000 | 00,000,000,000 |
| Scope 2 | 5,000 | 0,000 | 0,000 |
| Scope 3 | 52,846,000 | 00,000,000 | 00,000,000 |
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.
Power Financial Corporation 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.
