Manulife
Manulife Financial Corporation, commonly known as Manulife, is a leading international financial services group headquartered in Canada. Established in 1887, the company has grown to become a prominent player in the insurance and investment sectors, with significant operations across North America and Asia. Manulife offers a diverse range of products, including life insurance, health insurance, and wealth management solutions, distinguished by their customer-centric approach and innovative technology. The company is recognised for its strong market position, consistently ranking among the top insurers in Canada and making notable strides in the Asian market. With a commitment to sustainability and community engagement, Manulife continues to evolve, ensuring it meets the changing needs of its clients while maintaining a legacy of trust and reliability.
DitchCarbon Score
How does Manulife's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Manulife's score of 57 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Manulife's reported carbon emissions
In 2024, Manulife reported total carbon emissions of approximately 123,897,000 kg CO2e for Scope 1 and about 85,357,000 kg CO2e for Scope 2, resulting in combined emissions of around 205,595,000 kg CO2e. This marks a reduction from 2023, where emissions were approximately 140,202,000 kg CO2e for Scope 1 and about 102,442,000 kg CO2e for Scope 2, totalling around 242,644,000 kg CO2e. Manulife has set ambitious climate commitments, aiming for a 40% reduction in absolute Scope 1 and Scope 2 emissions by 2035, with a focus on decarbonising owned and operated assets. Additionally, the company is committed to achieving a net zero investment portfolio for its General Account by 2050, contributing to global climate change mitigation efforts. The company has consistently disclosed its emissions data, focusing on transparency and accountability in its climate strategy. As of now, there is no reported data for Scope 3 emissions. Manulife's ongoing initiatives reflect its commitment to sustainability and responsible investment practices within the financial sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 28,492,000 | 000,000,000 | - | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 146,904,000 | 000,000,000 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | - | - | 000,000,000 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Manulife is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
