StanCorp Financial Group, Inc.

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:3,065 metric tons CO2e (2022)

Scope 1 Emissions:1,409 metric tons CO2e (2022)

Scope 2 Emissions:1,656.6 metric tons CO2e (2022)

Renewable Energy Share:38% (data center)

Total Energy Consumption:9,652,343 kWh (2023, renewable)

Carbon Intensity:0.86 metric tons CO2e per person (2022)

Purchased 9,652,343 kilowatt hours of renewable clean wind energy to power offices.
Company data center sources 38% of electricity from renewable resources and incorporates energy-efficient features.
Company’s 2022 emissions are nearly 50% lower than 2008 levels.

90% score on the 2023-2024 Human Rights Campaign Foundation’s Corporate Equality Index.
100% score on the Disability Equality Index and listed as a “Best Place to Work for Disability Inclusion”.
Launched partnership with American Corporate Partners to mentor veterans.
Continued partnership with Black Insurance Industry Collective (BIIC).
Employee Giving Campaign raised $5.5 million for 2,562 schools and nonprofits.
Denim Impact Fund raised over $370,000 for youth behavioral health and crisis intervention.

Incorporates ESG factors into credit underwriting and portfolio management.
Uses three investment managers who are signatories of the UN Principles for Responsible Investment.
All employees complete annual training and certification on the Guide to Business Conduct.
Executive compensation aligns with market and sustainable company goals.

Climate change and its indirect effects on business through asset portfolio and customer base.
Increased emissions in 2022 due to increased activity in primarily owned facilities.

Focused enterprise risk management program to identify and assess climate-related risks and opportunities.
Reducing or resizing owned and leased office spaces to decrease emissions.
Further aligning climate-related disclosures with recommendations of the IFRS S2 climate-related disclosures.