California AB 1305 Voluntary Carbon Market Disclosures Business Regulation Act
Symetra1 defines our business operations’ carbon footprint to fall under the following sections of the Greenhouse Gas Protocol: Scope 1, Scope 2, and Scope 3 categories 1-7 and 9.
Our carbon footprint across business operations for the 2025 calendar year will be calculated in coordination with an independent third-party firm and with an additional third-party validator in 2026. Possible carbon offsets for emissions produced in 2025 will be evaluated in 2026.
Offsets purchased in furtherance of goal to reach carbon neutrality across business operations for the following calendar years:
2024 Carbon Offset Actions
Offsets purchased in furtherance of goal to reach carbon neutrality across business operations for 2024:
|
|
2024 |
|---|---|
|
Business entity selling the offset |
Pachama, Inc. |
|
Offset registry |
Verra |
|
Project identification number |
VCS 2558 |
|
Vintage |
v2018 |
|
Project name as listed in the registry |
ABC Norte REDD Project |
|
VCS project type |
Agriculture Forestry and Other Land Use (AFOLU) |
|
Offset project types |
Avoidance: Reduced Emissions from Degradation and Deforestation (REDD) |
|
Site location |
Pará, Brazil |
|
Project methodology/protocol used to estimate emission reduction or removal benefits |
VCS Methodology VM0015 |
|
Project validator (a third-party validation and verification body, also known as a VVB) |
RINA Services S.p.A. |
|
Credit verifier (a third-party validation and verification body, also known as a VVB) |
RINA Services S.p.A. |
|
Number of carbon offset credits purchased. 1 credit is equivalent to 1 Metric ton of CO2E |
9,308 |
|
Symetra’s greenhouse gas emissions listed in metric tons of CO2E |
9,308 |
2021-2023 Carbon Offset Actions
Offsets purchased in furtherance of goal to reach carbon neutrality across business operations for 2021-2023:
|
|
2021 |
2022 |
2023 |
||||||
|---|---|---|---|---|---|---|---|---|---|
|
Business entity selling the offset |
Pachama, Inc. |
Pachama, Inc. |
Pachama, Inc. |
Pachama, Inc. |
Pachama, Inc. |
Pachama, Inc. |
Pachama, Inc. |
Pachama, Inc. |
Pachama, Inc. |
|
Offset registry |
Verra |
Verra |
Verra |
Verra |
Verra |
Verra |
Verra |
Verra |
Verra |
|
Project identification number |
VCS 674 |
VCS 1911 |
VCS 674 |
VCS 1911 |
VCS 1911 |
VCS 2558 |
VCS 1477 |
VCS 1911 |
VCS 2558 |
|
Vintage |
v2017 |
v2019 |
v2018 |
v2019 |
v2020 |
v2018 |
v2020 |
v2020 |
v2018 |
|
Project name as listed in the registry |
Rimba Raya Biodiversity Reserve Project |
King County Rural Forest Carbon Project |
Rimba Raya Biodiversity Reserve Project |
King County Rural Forest Carbon Project |
King County Rural Forest Carbon Project |
ABC Norte REDD Project |
Katingan Peatland Restoration and Conservation Project |
King County Rural Forest Carbon Project |
ABC Norte REDD Project |
|
VCS project type |
Agriculture Forestry and Other Land Use (AFLOU) |
Agriculture Forestry and Other Land Use (AFLOU) |
Agriculture Forestry and Other Land Use (AFLOU) |
Agriculture Forestry and Other Land Use (AFLOU) |
Agriculture Forestry and Other Land Use (AFLOU) |
Agriculture Forestry and Other Land Use (AFLOU) |
Agriculture Forestry and Other Land Use (AFLOU) |
Agriculture Forestry and Other Land Use (AFOLU) |
Agriculture Forestry and Other Land Use (AFOLU) |
|
Offset project types |
Avoidance: Reduced Emissions from Degradation and Deforestation (REDD) |
Both avoidance and removals: Improved Forest Management |
Avoidance: Reduced Emissions from Degradation and Deforestation (REDD) |
Both avoidance and removals: Improved Forest Management |
Both avoidance and removals: Improved Forest Management |
Avoidance: Reduced Emissions from Degradation and Deforestation (REDD) |
Avoidance: Reduced Emissions from Degradation and Deforestation (REDD) Removals: Afforestation, Reforestation, and Revegetation (ARR) Removals: Wetlands Restoration and Conservation (WRC) |
Both avoidance and removals: Improved Forest Management |
Avoidance: Reduced Emissions from Degradation and Deforestation (REDD) |
|
Site location |
Central Kalimantan Province, Indonesia |
Washington State, United States |
Central Kalimantan Province, Indonesia |
Washington State, United States |
Washington State, United States |
Pará, Brazil |
Central Kalimantan Province, Indonesia |
Washington State, United States |
Pará, Brazil |
|
Project methodology/protocol used to estimate emission reduction or removal benefits |
VCS Methodology VM0004 |
VCS Methodology VM0012 |
VCS Methodology VM0004 |
VCS Methodology VM0012 |
VCS Methodology VM0012 |
VCS Methodology VM0015 Verra-VM0015-Methodology |
VCS Methodology VM0007 |
VCS Methodology VM0012 |
VCS Methodology VM0015 Verra-VM0015-Methodology |
|
Project validator (a third-party validation and verification body, also known as a VVB) |
SCS Global Services (formerly known as Scientific Certification Systems) |
Aster Global Environmental Solutions, Inc. |
SCS Global Services (formerly known as Scientific Certification Systems) |
Aster Global Environmental Solutions, Inc. |
SCS Global Services |
RINA Services S.p.A. |
SCS Global Services |
SCS Global Services |
RINA Services S.p.A. |
|
Credit verifier (a third-party validation and verification body, also known as a VVB) |
Environmental Services, Inc. |
SCS Global Services |
AENOR Internacional S.A.U. |
SCS Global Services |
SCS Global Services |
RINA Services S.p.A. |
The 2020 VVB was Aster Global Environmental Solutions, Inc. |
SCS Global Services |
RINA Services S.p.A. |
|
Number of carbon offset credits purchased. 1 credit is equivalent to 1 Metric ton of CO2E |
2,966 |
1,000 |
6,879 |
500 |
27 |
675 |
3,129 |
4,000 |
877 |
|
Symetra’s greenhouse gas emissions listed in metric tons of CO2E |
3,940 |
8,054 |
8,006 |
||||||
2021, 2022, 2023 and 2024 carbon emission data for Symetra were calculated by independent third-party company Point B and verified by independent third-party company Keramida. Symetra purchased carbon offset credits equivalent to the emissions data calculated by Point B and verified by Keramida, in furtherance to our goal of being carbon neutral across business operations.
1 This report and the data and information herein refers collectively to Symetra Financial Corporation and its downstream subsidiaries (“Symetra”).
Symetra launched an optional sustainability platform for employees to voluntarily track and self-report their personal sustainability activities. The associated employee self-reported carbon reductions are not counted in Symetra's emissions calculations in any manner. The platform is simply a tool that Symetra made available to employees to encourage them to consider reducing their personal/non-employment related carbon footprint.
WEB-1517 12/25