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Humana Expands Science-Based Targets with New SBTi-Validated Target

1. Humana expands validated science-based target for emissions reduction. 2. The company aims for 30% reduction in Scope 3 emissions by 2032. 3. New financial institution target focuses on emissions from investments. 4. Revision of investment policy aligns with SBTi climate commitments. 5. Humana aims to boost investor confidence through sustainability efforts.

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Why Bullish?

Humana's sustainability commitments may attract environmentally conscious investors, boosting confidence and valuation. Historically, companies demonstrating strong ESG focus have seen stock performance improve considerably.

How important is it?

The article outlines significant strategic shifts aligned with investor trends towards sustainability, which is paramount for HUM's growth trajectory.

Why Long Term?

The structural changes in investment policy signal long-term sustainability and profitability, akin to other firms that shifted towards green strategies. These commitments usually enhance company resilience and performance over time.

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UNHCIANTM
-New target aims to reduce emissions from investments and lending activities, aligning financial influence with operational impact LOUISVILLE, Ky.--(BUSINESS WIRE)--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. About Humana Humana Inc. is committed to putting health first – for our teammates, our customers, and our company. Through our Humana insurance services, and our CenterWell health care services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com. More News From Humana Inc.

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