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Public Profile
Financial Intermediation
ZA
updated 3 days ago

Old Mutual

Company website

Old Mutual Limited, a leading financial services group headquartered in South Africa (ZA), has been a cornerstone of the industry since its founding in 1845. With a strong presence across Southern Africa, the UK, and other international markets, Old Mutual operates primarily in the insurance, investment, and banking sectors. The company offers a diverse range of products, including life insurance, asset management, and retirement solutions, distinguished by their customer-centric approach and innovative technology. Old Mutual's commitment to sustainability and community development further enhances its reputation, positioning it as a trusted partner in financial well-being. With over 175 years of experience, Old Mutual has achieved significant milestones, including its listing on the Johannesburg Stock Exchange, solidifying its status as a market leader in the financial services landscape.

DitchCarbon Score

How does Old Mutual'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.

19

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.

27

Industry Benchmark

Old Mutual's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

13%

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Old Mutual's reported carbon emissions

In 2023, Old Mutual, headquartered in South Africa (ZA), reported total carbon emissions of approximately 210,109,000 kg CO2e. This figure includes Scope 1 emissions of about 9,107,000 kg CO2e, which comprise mobile combustion (1,270,000 kg CO2e) and fugitive emissions (1,412,000 kg CO2e). Scope 2 emissions accounted for approximately 60,208,000 kg CO2e, while Scope 3 emissions were significant at about 140,794,000 kg CO2e, with notable contributions from business travel (14,229,000 kg CO2e) and waste generated in operations (2,320,000 kg CO2e). Comparatively, in 2022, Old Mutual's total emissions were around 206,448,000 kg CO2e, indicating a slight increase in emissions year-on-year. The company has not set specific reduction targets or initiatives as per the latest data, and there are no SBTi (Science Based Targets initiative) reduction targets reported. Old Mutual's emissions data is sourced directly from Old Mutual Limited, with no cascading from a parent or related organization. The company continues to monitor its carbon footprint and is committed to transparency in its climate reporting.

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Access structured emissions data, company-specific emission factors, and source documents

2020
Scope 1
-
Scope 2
-
Scope 3
4,168,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Old Mutual's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Old Mutual is in ZA, which has a very high grid carbon intensity relative to other regions.

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.

Old Mutual 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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