Massachusetts Financial Services Company Sustainability Profile
Massachusetts Financial Services Company, commonly known as MFS, is a prominent investment management firm headquartered in the United States. Established in 1924, MFS has a rich history of innovation in the financial services industry, being one of the first firms to offer mutual funds. With a strong presence in major operational regions across North America, Europe, and Asia, MFS focuses on delivering high-quality investment solutions. The company’s core offerings include equity, fixed income, and multi-asset strategies, distinguished by a commitment to active management and rigorous research. MFS is recognised for its disciplined investment approach and has achieved notable milestones, including significant assets under management and a reputation for excellence in client service. As a leader in the investment management sector, MFS continues to shape the future of finance with its forward-thinking strategies and client-centric philosophy.
DitchCarbon Score
How does Massachusetts Financial Services Company'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
Massachusetts Financial Services Company's score of 27 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Massachusetts Financial Services Company's reported carbon emissions
In 2023, Massachusetts Financial Services Company (MFS) reported total emissions of approximately 224.8 billion kg CO2e, comprising 22.3 billion kg CO2e from Scope 1, 4.7 billion kg CO2e from Scope 2, and a significant 224.8 billion kg CO2e from Scope 3 emissions. This data reflects a comprehensive assessment of their carbon footprint, with all scopes disclosed. Despite the substantial emissions figures, MFS has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company is a current subsidiary of Sun Life Financial Inc., which may influence its sustainability strategies and reporting practices. MFS's emissions data is cascaded from its parent company, Sun Life Financial Inc., which may provide additional context regarding its climate commitments and performance within the financial services sector. As the industry increasingly prioritises sustainability, MFS's future commitments and actions will be crucial in addressing its carbon footprint and aligning with global climate goals.
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| 2023 | |
|---|---|
| Scope 1 | 22,346,392,000 |
| Scope 2 | 4,742,244,000 |
| Scope 3 | 224,845,500,000 |
How Carbon Intensive is Massachusetts Financial Services Company's Industry?
How Carbon Intensive is Massachusetts Financial Services Company's Location?
Massachusetts Financial Services Company's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Massachusetts Financial Services Company has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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