Humana (HUM) expands SBT with SBTi initiative

Humana Inc. (NYSE: HUM), one of the nation’s leading health and well-being companies, today announced the expansion of its validated science-based target (SBT) with recent approval of a new financial institution target by the Science Based Targets initiative (SBTi). This milestone highlights Humana’s dedication to sustainability, reinforcing its commitment to improving health and well-being while aiming for significant emissions reductions across the company's value chain.

The following outlines Humana's Scope 3 asset class level target, emphasizing our commitment to sustainable investment practices and alignment with SBTi-validated goals.

This complements the company's existing targets covering the rest of its value chain, including a commitment to reduce absolute Scope 3 emissions from purchased goods and services, as well as upstream transportation and distribution, by 30% by 2032 from a 2022 base year. The newly approved target for Scope 3, Category 15 financed emissions refer to the indirect greenhouse gas emissions from investments and lending activities.

To achieve the financed emissions target, Humana has revised its investment policy to incorporate SBTi-aligned climate commitments. These proactive measures highlight Humana's commitment to fostering healthier environments for its members, patients, employees, and communities, and aligns its financial influence with its operational impact.

Humana’s Scope 1 and 2 targets, approved in 2023, remain unchanged and continue to align with limiting global temperature rise. The company’s science-based targets and 1.5°C trajectory are designed to spur innovation and efficiency demonstrating ongoing leadership in climate action within the healthcare and insurance sectors, boost investor confidence and position Humana to support a broader decarbonization effort across its value chain and financial ecosystem.

To learn more about Humana’s environmental, social and governance strategy efforts to invest in the health and sustainability of our environment, visit the Humana Impact Report.

About Science Based Targets initiative

The Science Based Targets initiative (SBTi) is a collaboration between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.

You May Also Be Interested In

• Boeing names Ryan Shedd as new SVP and controller
• Kimbell Royalty closes $221.2M mineral rights acquisition
• BIGG Digital Assets to rename as Surge Digital, consolidate shares