Aflac

Life Insurance
AFL
$ 58 (1.5)%
Share price
$ 37 bn
Market Cap
$ 41 bn
Enterprise Value

Carbon footprint

0.3 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2020
How is this calculated?
-28%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-2.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2021
How is this calculated?

Aflac aims to reduce Scope 1 + 2 by 75% by 2030 from a base year 2007


This target has not been verified as science based according to SBTi
Aflac's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2021
How is this calculated?

Aflac aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Aflac's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Aflac's GHG emissions (market-based) (Kt of CO2e)

Aflac's carbon footprint

Aflac reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2020 at 12 Kt (-4.8 /-28.2% y-o-y).

Aflac reported Scope 3 emissions for the the twelve months ending31 December 2020 at 339

The company is committed to reducing Scope 1 + 2 by 75% by 2030 from a base year 2007, which translates into the estimated reduction of -0.35 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -12 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Aflac achieved carbon neutrality across its entire value chain (all Scopes) in 2020. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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