Climate Change Data

Unum Group

Climate Impact & Sustainability Data (2022, 2022-03-31, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:29,659 tCO2e/year
Scope 1 Emissions:6,273 tCO2e/year
Scope 2 Emissions:7,529 tCO2e/year (Market-Based)
Scope 3 Emissions:14,810 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:63,843.03 MWh/year
Water Consumption:35,063 kgal/year
Waste Generated:977 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Responsible Investments
  • Inclusive Products and Services
  • Reduce Environmental Impact

Environmental Achievements

  • More than a 270% increase in food composted from 2021 to 2022
  • 35% reduction in paper usage since 2019
  • Reduced Scope 1 and 2 emissions by over 21% in 2021

Social Achievements

  • More than 90% completion of Inclusion and Diversity employee training
  • Unum Group pledged $50,000 toward local humanitarian efforts in Ukraine
  • More than 45,000 volunteer hours in 2022
  • 92% of employees participated in our employee engagement survey
  • 82% of employees say their manager treats people fairly
  • 82% of employees are proud to work for the company

Governance Achievements

  • Expanded our internal ESG scoring process to cover more than 96% of assets under management, now including commercial mortgage loans
  • Nearly $3 billion in ESG-labeled and sustainable investments

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Did not meet the target reduction of 3% in Scope 1 and 2 emissions in 2022 due to increased office building occupancy and changing emissions factors.
  • Increased water use at offices by 1.3% from 2021 to 2022 due to increased office building occupancy.
Mitigation Strategies
  • Focused on operational excellence, making changes to building automation system set points and schedules to reduce energy use.
  • Encouraging the use of electric vehicles and consolidating property usage to reduce emissions.
  • Expanded composting program to be accessible for all employees in major offices.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct (updated in 2022 to include Human Rights and Fair Labor Practices)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Extreme variability in weather patterns
  • Rising mean temperatures
  • Decreased air quality
Transition Risks
  • Change in customer behavior
  • Contraction of market demand
Opportunities
  • Expansion into new sectors (e.g., renewable energy)

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: Null

Third-party Assurance: Apex Companies, LLC (Limited assurance for GHG emissions)

UN Sustainable Development Goals

  • Goal 7
  • Goal 8
  • Goal 10
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 16
  • Goal 17

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • World's Most Ethical Companies (2021, 2022, 2023)

Reporting Period: 2022-03-31

Environmental Metrics

ESG Focus Areas

  • environmental, social and governance aspects of doing business
  • Inclusion and Diversity

Social Achievements

  • In 1Q22, the Code of Conduct was refreshed and included a comprehensive review, leveraging industry best practices and internal expertise.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:35057 tCO2e/year
Scope 1 Emissions:5823 tCO2e/year
Scope 2 Emissions:8693 tCO2e/year
Scope 3 Emissions:20540 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:38467 MWh/year
Water Consumption:37453 kgal/year
Waste Generated:892 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Responsible Investments
  • Inclusive Products and Services
  • Reduce Environmental Impact

Environmental Achievements

  • 2.2% reduction in scope 1 & 2 emissions since 2022
  • 36% reduction in total waste generated since 2019
  • 6% reduction in energy consumption in 2023 compared to 2022

Social Achievements

  • 97% of new hires completed Inclusion and Diversity training
  • $14.7 million donated by Unum Group and employees to local charities
  • More than 94,000 volunteer hours in 2023

Governance Achievements

  • Awarded the Compliance Leader Verification Designation by Ethisphere
  • Over $900 million in environmental, social and governance (ESG) bonds and renewable energy projects
  • Gender parity achieved on the Board of Directors in 2023

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce scope 1 & 2 (location-based) emissions by 3% each year

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Weather-related natural catastrophes
Transition Risks
  • Regulatory changes
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: Planet Mark global sustainability certification (U.K.), Cyber Essentials Plus certification (U.K.)

Third-party Assurance: Apex Companies, LLC (Limited assurance for GHG emissions)

UN Sustainable Development Goals

  • Goal 7
  • Goal 8
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 16
  • Goal 17

Initiatives contribute to these goals through various programs and policies.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Ethisphere's World's Most Ethical Companies (2021, 2022, 2023, 2024)
  • Points of Light
  • Firma Przyjazna Klientowi 2023