Massachusetts Mutual Life Insurance
Massachusetts Mutual Life Insurance Company, commonly known as MassMutual, is a prominent player in the insurance and financial services industry, headquartered in Springfield, Massachusetts, USA. Founded in 1851, the company has a rich history marked by significant milestones, including its mutual ownership structure, which prioritises policyholders' interests. MassMutual offers a diverse range of products, including life insurance, retirement planning, and investment solutions, distinguished by their commitment to financial security and customer service. The company is recognised for its strong market position, consistently ranking among the top life insurers in the United States. With a focus on innovation and customer-centric solutions, MassMutual continues to adapt to the evolving needs of its clients across major operational regions, ensuring a legacy of trust and reliability in financial protection.
DitchCarbon Score
How does Massachusetts Mutual Life Insurance'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 Business Services 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 Mutual Life Insurance's score of 36 is higher than 91% 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 Mutual Life Insurance's reported carbon emissions
In 2023, Massachusetts Mutual Life Insurance reported total carbon emissions of approximately 12,315,000 kg CO2e. This figure includes about 7,690,000 kg CO2e from Scope 1 emissions and approximately 6,163,000 kg CO2e from Scope 2 emissions (market-based). The company's emissions have decreased from about 19,685,000 kg CO2e in 2022 and 21,610,000 kg CO2e in 2021, indicating a positive trend in their carbon footprint management. Massachusetts Mutual has set an ambitious interim target to reduce its absolute Scope 1 and Scope 2 emissions by 72% by 2027, using 2019 as the baseline year. This commitment reflects the company's dedication to sustainability and climate action, aiming to significantly lower its environmental impact in the near term. Overall, Massachusetts Mutual's proactive approach to managing its carbon emissions and setting clear reduction targets positions it as a responsible player in the insurance industry, contributing to broader climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 8,766,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 20,210,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
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.
Massachusetts Mutual Life Insurance is not participating in any 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.
