Lincoln National Corporation

Life Insurance

LNC

$ 54 4.3

Share price

$ 9.3 bn

Market Cap

$ 11 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.03x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2021

Lincoln National Corporation aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Lincoln National Corporation reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 8.5 Kt (-3.7 /-30.4% y-o-y).

Lincoln National Corporation's Scope 3 emissions tumbled to 14 Kt (-14 /-48.4% y-o-y). The decline accelerated compared to the CAGR of -10.2% since 4Q'14.

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which it appears to have already achieved as of 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	8.5	1.8	6.7	14
2019Q4	12	3.2	9	28
2018Q4	13	2.9	9.8	29
2017Q4	14	2.9	11	26
2016Q4	14	2.7	11	28
2015Q4	16	3.5	13	31
2014Q4	17	3.8	13	31
2011Q4	21	4.4	16