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 65 is higher than 82% 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 205,595,000 kg CO2e, comprising 59,083,000 kg CO2e from Scope 1, 16,227,000 kg CO2e from Scope 2, and 119,570,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting across all scopes. In 2023, the company recorded total emissions of about 206,310,000 kg CO2e, with Scope 1 emissions at 66,703,000 kg CO2e, Scope 2 emissions at 20,703,000 kg CO2e, and Scope 3 emissions at 106,960,000 kg CO2e. The data indicates a focus on reducing emissions over time, as evidenced by their long-term commitment to achieving a net-zero investment portfolio for their General Account by 2050, initiated in 2023. Manulife's emissions have fluctuated over the years, with 2022 emissions reported at approximately 192,602,000 kg CO2e, and 2021 emissions at about 162,749,000 kg CO2e for Scope 1 and 109,442,000 kg CO2e for Scope 2. The company has set ambitious targets aligned with global climate change mitigation efforts, including commitments to the Science Based Targets initiative (SBTi) for net-zero emissions. Overall, Manulife's climate commitments reflect a proactive approach to sustainability, aiming to significantly reduce their carbon footprint while contributing to broader environmental goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 28,492,000 | 00,000,000 | - | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 146,904,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 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.
