Aig
American International Group, Inc. (AIG) is a leading global insurance organisation headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1919, AIG has established itself as a key player in the insurance and financial services industry, offering a diverse range of products and services, including property and casualty insurance, life insurance, and retirement solutions. AIG is renowned for its innovative risk management solutions and commitment to customer service, which have positioned it as a trusted partner for individuals and businesses alike. The company has achieved notable milestones, including its recovery and growth following the financial crisis of 2008, reinforcing its resilience and market leadership. With a strong focus on sustainability and digital transformation, AIG continues to adapt to the evolving needs of its clients in an increasingly complex global landscape.
DitchCarbon Score
How does Aig'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
Aig's score of 58 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aig's reported carbon emissions
In 2023, AIG reported total carbon emissions of approximately 406,000,000 kg CO2e, comprising 7,389,000 kg CO2e from Scope 1, 26,334,000 kg CO2e from Scope 2, and a significant 397,437,000 kg CO2e from Scope 3 emissions. This represents a slight decrease in Scope 1 emissions from 2022, where they were 7,607,000 kg CO2e, while Scope 2 emissions also decreased from 31,605,000 kg CO2e in 2022. However, Scope 3 emissions remained relatively stable, with a minor reduction from 399,435,000 kg CO2e in 2022. AIG has set ambitious climate commitments, aiming to source 100% renewable energy for its operations by 2030 or sooner, specifically targeting Scope 2 emissions. Additionally, the company has reaffirmed its commitment to achieving net zero greenhouse gas emissions across its operations by 2050 or sooner, which includes all scopes of emissions. AIG has also committed to a 50% reduction in operational print by 2023 and a 90% reduction by 2025 from 2019 levels, demonstrating a proactive approach to reducing its carbon footprint. Historically, AIG has exceeded its previous targets, such as reducing Scope 1 and Scope 2 emissions by 69% in the UK by 2020, surpassing its goal of 20% reduction from a 2010 baseline. These initiatives reflect AIG's dedication to sustainability and its role in addressing climate change within the insurance industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 17,121,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 93,781,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 419,169,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Aig 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.
