GlobalData offers a comprehensive analysis of Globe Life, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Globe Life‘s ESG performance. GlobalData’s company profile on Globe Life offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Globe Life, an insurance company is committed to limit its carbon footprint. Globe Life's latest filings mentioned the keywords 'Emissions' and 'Climate Change' most number of times.

The company aims to track and reduce activities that result in the consumption of energy and release of greenhouse gases that contribute to climate change. Globe Life has disclosed its Scope 1 and 2 GHG emissions along with estimations for certain Scope 3 emissions, including Categories 1, 4, 6, 7, and 13. In 2022, the company reported Scope 1 emissions at 1,237 mtCO2e, Scope 2 emissions (location-based) at 6,427 mtCO2e, Scope 2 emissions (market-based) at 7,249 mtCO2e, and Scope 3 emissions at 44,680 mtCO2e.

Globe Life has taken steps to reduce its carbon emissions, including incorporating environmental, social, and governance factors in investment decisions and active ownership. The company encourages the policyholders of its insurance subsidiaries to interact with them electronically, which serves to extend its paper reduction efforts beyond the borders of its office locations. Approximately 80% of its insurance subsidiaries’ premiums are received electronically. Globe Life incorporates a robust risk management process in which it carefully evaluate the risks and opportunities inherent in each investment, especially those related to pertinent ESG issues, including climate change.

Globe Life is transitioning away from fluorescent lights in favor of more energy-efficient light emitting diode (LED) lighting in its office locations across the country. Additionally, as of December 2022, the company reduced its outdoor energy consumption at its corporate headquarters by 172.48 MWh using light-harvesting and motion controls that were implemented in 2018. The company ‘s focus area is planning on reducing its water consumption as it improves the sustainability of its corporate operations.

In conclusion, Globe Life strive to reduce its impact on the environment by implementing green building initiatives at its corporate facilities, continuing its companywide emphasis on recycling and waste reduction efforts, prioritizing the reduction of paper and water usage, and developing processes to report data on its greenhouse gas emissions.

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