Mandatum Sustainability Profile
Mandatum, officially known as Mandatum Life Insurance Company Limited, is a prominent player in the Finnish financial services sector, headquartered in Helsinki, Finland. Established in 1998, the company has evolved significantly, focusing on life insurance, asset management, and pension solutions. With a strong presence in the Nordic region, Mandatum is renowned for its innovative approach to life insurance and investment products, catering to both individual and corporate clients. The company’s unique offerings include tailored insurance solutions and comprehensive wealth management services, designed to meet diverse client needs. Mandatum has achieved notable recognition in the industry, positioning itself as a trusted partner in financial security and investment growth. Its commitment to customer-centric solutions and sustainable practices underscores its reputation as a leader in the Finnish market.
DitchCarbon Score
How does Mandatum'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
Mandatum's score of 32 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mandatum's reported carbon emissions
In 2023, Mandatum reported total carbon emissions of approximately 1,466,000 kg CO2e, with Scope 2 emissions accounting for about 681,000 kg CO2e and Scope 3 emissions at approximately 372,000 kg CO2e. This marks a significant reduction from 2022, where total emissions were about 6,354,000 kg CO2e, with Scope 2 emissions at approximately 5,535,000 kg CO2e and Scope 3 emissions at around 350,000 kg CO2e. Mandatum has set ambitious climate commitments, aiming to increase the share of carbon-neutral production in its electricity to 99% and in heat to 85% by 2025. These targets are part of their near-term sustainability goals for both Scope 1 and Scope 2 emissions. The company does not currently disclose Scope 1 emissions data, but it has made strides in reducing its overall carbon footprint, particularly in Scope 2 and Scope 3 emissions. The emissions data is not cascaded from any parent organization, indicating that Mandatum is independently reporting its climate impact. Overall, Mandatum's commitment to sustainability and carbon neutrality reflects its proactive approach to addressing climate change and reducing its environmental impact.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 976,600 | 000,000 | - | - |
| Scope 2 | - | - | 0,000,000 | 000,000 |
| Scope 3 | - | - | 000,000 | 000,000 |
How Carbon Intensive is Mandatum's Industry?
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Mandatum'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.
Mandatum 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.
